Argo Gold drills 1.8 metres of 132.3 g/t gold at Uchi, Ontario

Argo Gold Inc.[ARG-CSE; ARBTF-OTC] reported the conclusion a 17- hole, 2,670- metre drill program at the Uchi Lake gold task in the Red Lake district, northwestern Ontario. The expedition targets at the Uchi Gold Project location continues to be the narrow vein, state-of-the-art gold mineralization; a typical financial design in the Canadian Shield where a series of top-quality gold veins are mined utilizing narrow vein mining approaches. The 2021 drill program was created to check extra brand-new targets (75%) and broaden recognized gold mineralization (25%).

The 2021 expedition program extended the strike length of the mineralized zones at Woco to 400 metres, at Northgate to 500 metres and at Raingold a brand-new zone of mineralization was recognized 100 metres east of Raingold. At Raingold, channel sample outcomes are pending southern extension zone removed for 280 metres along a shear zone with plentiful sulphides. Expedition drilling to date at the Uchi Gold Project has actually checked mineralization at a depths of 60 to 120 metres with the exception of Woco drill hole AGU-19-007 that converged 7.4 g/t gold over 0.5 metres that was obstructed at depth of about 200 metres.

The Uchi Break lies 230 metres west of the Woco mineralized pattern. Drill hole AGU-21 -019 evaluated a gold biogeochemical abnormality on the Uchi Break and converged 0.45 g/t gold over 1.4 metres in huge and semi-massive sulphides converged at 75.1-758 metres and 76.9-804 metres. This drill hole is 190 metres south of AGU-19-009 that converged 0.35 g/t gold over 3.6 metres in comparable huge and semi-massive sulphides.

Drill hole AGW-21-020 evaluated the Woco Vein from the east searching for footwall structures and converged with 1.92 g/t Au over 1.1 metres at 121 metres. Drill hole AGW-21 -021 was a 200- metre step-out south of the state-of-the-art Woco Vein and converged a modified zone of quartz, epidote, and tourmaline and anomalous gold of 0.45 g/t gold over 1 metre at 78.85 metres. A 3.13- metre large lamprophyre dike situated near the mineralized/altered zone and suggests the deep-rooted nature of the top-quality Woco vein system.

Drill results at the Woco Zone likewise consist of 132.3 g/t gold over 1.8 metres at 88 metres and 20.4 g/t gold over 0.5 metres at 107 metres. Surface area state-of-the-art gold mineralization from channel tasting at Woco consist of 10.4 g/t gold over 1.1 metres and 58.2 g/t gold over 0.55 metres.

Three drill holes evaluated the Woco-Northgate structural passage in between the state-of-the-art Woco Vein and the top-quality Northgate zone that likewise had a biogeochemical abnormality. Both AGU-21-22 and AGU-21-23 determined quartz veins and quartz/carbonate veinlets with distributed sulphides near completion of the drill holes along the strike extension of the lithostructural pattern that hosts the Woco and Northgate Zones. In addition, drill holes AGU-21-22 and AGU-21-32 converged several zones of sulphide-bearing rocks with anomalous gold assays. The sulphide mineralization includes plentiful pyrite and pyrrhotite with small chalcopyrite, sphalerite and galena.