Argonaut Gold Announces Completion of the San Agustin Project Purchase from Silver Standard

Argonaut Gold Inc. (TSX:AR) (the "Company", "Argonaut Gold" or "Argonaut") is
pleased to announce they have finalized the agreement for the Company to acquire
the San Agustin project, located 10 kilometers from the their El Castillo
project in Durango, Mexico, from Silver Standard Resources (TSX:SSO) ("Silver
Standard Inc.").


The terms and conditions of the agreement noted in the December 5, 2013 press
release have been completed and finalized.


About Argonaut Gold

Argonaut Gold is a Canadian gold company engaged in exploration, mine
development and production activities. Its primary assets are the production
stage El Castillo Mine in Durango, Mexico and the La Colorada Mine in Sonora,
Mexico, the advanced exploration stage San Antonio project in Baja California
Sur, Mexico, the advanced exploration stage Magino project in Ontario, Canada
and several exploration stage projects, all of which are located in North
America.


Creating Value Beyond Gold

Qualified Person, Technical Information and Mineral Properties Reports

Preparation of this release was supervised by Thomas Burkhart, Argonaut Gold's
Vice President of Exploration, and a Qualified Person under NI 43-101.


For further information on the San Agustin project please see the technical
report title "San Agustin Resource Estimate" dated March 2009 and available
under Silver Standard at www.sedar.com. Both Gold ounces and Silver ounces have
been reported by Silver Standard per their mineral resources statement. Per
Silver Standard, Mineral Resources estimate was completed by Gilles Arseneau,
Ph.D., P.Geo., a Qualified Person, pursuant to NI 43-101, in a technical report
completed by Wardrop, a TetraTech company, entitled "San Agustin Resources
Estimate" dated March, 2009.


This report was reviewed by Thomas Burkhart on behalf of Argonaut Gold. To the
best of Argonaut Gold's knowledge, information and belief, there is no new
material, scientific or technical information that would make the disclosure of
the mineral resources inaccurate or misleading.


Cautionary Note Regarding Forward-looking Statements

This press release contains certain "forward-looking statements" and
"forward-looking information" under applicable Canadian securities laws
concerning the proposed transaction and the business, operations and financial
performance and condition of Argonaut Gold Inc. ("Argonaut"). Forward-looking
statements and forward-looking information include, but are not limited to,
statements with respect to estimated production and mine life of the various
mineral projects of Argonaut; synergies and financial impact of completed and
contemplated acquisitions; the benefits of the development potential of the
properties of Argonaut; the future price of gold, copper, and silver; the
estimation of mineral reserves and resources; the realization of mineral reserve
estimates; the timing and amount of estimated future production; costs of
production; success of exploration activities; and currency exchange rate
fluctuations. Except for statements of historical fact relating to Argonaut,
certain information contained herein constitutes forward-looking statements.
Forward-looking statements are frequently characterized by words such as "plan,"
"expect," "project," "intend," "believe," "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are based on a number of
assumptions and subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking statements. Many of these assumptions are
based on factors and events that are not within the control of Argonaut and
there is no assurance they will prove to be correct.


Factors that could cause actual results to vary materially from results
anticipated by such forward-looking statements include failure to achieve
anticipated synergies, changes in market conditions, variations in ore grade or
recovery rates, risks relating to international operations, fluctuating metal
prices and currency exchange rates, changes in project parameters, the
possibility of project cost overruns or unanticipated costs and expenses, labour
disputes and other risks of the mining industry, failure of plant, equipment or
processes to operate as anticipated. Although Argonaut has attempted to identify
important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be anticipated,
estimated or intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Argonaut undertakes no
obligation to update forward-looking statements if circumstances or management's
estimates or opinions should change except as required by applicable securities
laws. The reader is cautioned not to place undue reliance on forward-looking
statements. Statements concerning mineral reserve and resource estimates may
also be deemed to constitute forward-looking statements to the extent they
involve estimates of the mineralization that will be encountered if the property
is developed. Comparative market information is as of a date prior to the date
of this document.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Argonaut Gold Inc.
Nichole Cowles
Investor Relations Manager
(775) 284-4422 x 101
nichole.cowles@argonautgold.com
www.argonautgold.com
Argonaut Gold (TSX:AR)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024