Argonaut Gold Announces Completion of the San Agustin Project Purchase from Silver Standard
31 12월 2013 - 7:12AM
Marketwired
Argonaut Gold Announces Completion of the San Agustin Project
Purchase from Silver Standard
TORONTO, ONTARIO--(Marketwired - Dec 30, 2013) - 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 Agustín 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.
Argonaut Gold Inc.Nichole CowlesInvestor Relations Manager(775)
284-4422 x
101nichole.cowles@argonautgold.comwww.argonautgold.com
Argonaut Gold (TSX:AR)
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