Angus Gold Inc. (TSX-V: GUS |
OTC: ANGVF)
(“
Angus” or the “
Company”) is
pleased to announce assay results from a surface channel sampling
program that was completed as part of the Summer 2023 exploration
program on its 100%-owned Golden Sky Project in Wawa, Ontario. The
entire 21 metres length of the channel sample contained gold
mineralization with the highest-grade samples running 4.44 g/t Au
over 1.0 metre, 2.45 g/t Au over 1.0 metre, 2.16 g/t Au over 1.0
metre and 2.04 g/t Au over 1.0 metre. These results confirm
continuity of the BIF Gold Zone from surface to 250 metres vertical
depth, where it has been intersected by Angus’ 2022 and 2023 drill
programs. In addition, the results confirm that the highest grade
gold mineralization is present within a newly interpreted shear
zone in the banded iron formation.
Breanne Beh, Chief Executive Officer of Angus,
states: “We are very encouraged with the results from our surface
channel sampling program and the progress we are making on the BIF
gold zone. We have now confirmed that the gold zone is present on
surface, and extends to drilled depths of over 250 metres. We are
seeing significant gold grades on surface and, more importantly, we
can better evaluate potential structural controls on this
higher-grade gold, as we have observed both shearing and folding
associated with them. This will assist us in developing a model for
the higher-grade mineralization, help determine its orientation and
assist us in targeting these features going forward. We are
extremely excited to continue work on the BIF and continue building
value in this extensively mineralized system.”
The channel sample was cut in a north-south
orientation, perpendicular to the strike direction of the BIF gold
zone. The channel measured 21 metres in length and individual
samples ranged in length from 0.5 to 1.0 metre. The highest-grade
gold results were associated with an east-west oriented shear zone,
along the northern end of the outcrop and with folding observed in
the BIF (see Figure 1).
Figure 1: Surface Map – BIF channel sample
program, Golden Sky Project
Results from the 2023 BIF channel sampling program
at the Golden Sky project are, as follows:
From (m) |
To (m) |
Length (m) |
Au (g/t) |
0 |
0.5 |
0.5 |
0.43 |
0.5 |
1 |
0.5 |
0.52 |
1 |
2 |
1 |
4.44 |
2 |
3 |
1 |
0.44 |
3 |
4 |
1 |
2.04 |
4 |
4.5 |
0.5 |
0.84 |
4.5 |
5 |
0.5 |
0.41 |
5 |
6 |
1 |
0.68 |
6 |
7 |
1 |
1.17 |
7 |
7.5 |
0.5 |
0.87 |
7.5 |
8 |
0.5 |
0.23 |
8 |
8.5 |
0.5 |
0.04 |
8.5 |
9.5 |
1 |
0.03 |
9.5 |
10 |
0.5 |
0.04 |
10 |
10.5 |
0.5 |
0.57 |
11.8 |
12.8 |
1 |
0.39 |
12.8 |
13.8 |
1 |
0.12 |
13.8 |
14.8 |
1 |
0.08 |
14.8 |
15.8 |
1 |
2.16 |
15.8 |
16.8 |
1 |
0.22 |
16.8 |
17.8 |
1 |
1.92 |
17.8 |
18.8 |
1 |
0.29 |
18.8 |
19.3 |
0.5 |
0.18 |
19.3 |
19.8 |
0.5 |
0.77 |
19.8 |
20.3 |
0.5 |
0.18 |
20.3 |
21 |
0.7 |
2.45 |
|
|
|
|
The Golden Sky Project The
100%-owned Golden Sky Project is located within the Mishibishu Lake
Greenstone Belt of Northern Ontario, which is host to the
high-grade Eagle River and the Mishi open-pit gold mines of Wesdome
Gold Mines Ltd. (“Wesdome”). The Company’s
280-square-kilometre land package is located approximately
50 kilometres west of the town of Wawa and is situated
immediately between the two Wesdome mines. The project is host to
the near-surface Dorset Gold Zone, which contains a historic
estimated resource (using a 0.50 g/t Au cut-off) consisting of an
indicated resource of 40,000 ounces of gold (780,000 tonnes grading
1.4 g/t Au), and an inferred resource of 180,000 ounces of gold
(4,760,000 tonnes grading 1.2 g/t Au). For greater details on
the Golden Sky Project, please refer to the NI 43-101 technical
report for the Golden Sky Project entitled, “NI 43-101 Technical
Report Wawa Property Ontario, Canada” dated February 18, 2020, and
available on the Company’s SEDAR profile.
Qualified PersonThe scientific
and technical content of this press release has been reviewed and
approved by Breanne Beh, P.Geo, who is a “Qualified Person” as
defined by National Instrument 43-101 - Standards of Disclosure for
Mineral Projects (“NI 43-101”) and Chief Geologist for the
Company.
About Angus Gold:Angus Gold
Inc. is a Canadian mineral exploration company focused on the
acquisition, exploration, and development of highly prospective
gold properties. The Company’s flagship project is the Golden Sky
Project in Wawa, Ontario. The Project is immediately adjacent to
the Eagle River Mine of Wesdome Gold Mines Ltd.
Directors and insiders currently approximately
own 36.8%, Delbrook Capital Advisors Inc. 16.4% and New Gold Inc.
9.9%, each based on the current issued and outstanding common
shares of the Company on a non-diluted basis.
On behalf of Angus Gold Inc.,
Breanne BehPresident and Chief Executive
Officer
INQUIRIES:Email: info@angusgold.comPhone:
647-259-1790Company Website: www.angusgold.com
TSXV: GUS | USOTC: ANGVF
Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This News Release includes certain
"forward-looking statements" which are not comprised of historical
facts. Forward-looking statements include estimates and statements
that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“will”, or “plan”. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward-looking information in this
news release includes, but is not limited to, the Company’s
objectives, goals or future plans, statements, exploration results,
potential mineralization, the estimation of mineral resources,
exploration and mine development plans, timing of the commencement
of operations and estimates of market conditions. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to: the
ability to anticipate and counteract the effects of COVID-19
pandemic on the business of the Company, including without
limitation the effects of COVID-19 on the capital markets,
commodity prices supply chain disruptions, restrictions on labour
and workplace attendance and local and international travel,
failure to receive requisite approvals in respect of the
transactions contemplated by the Agreement, failure to identify
mineral resources, failure to convert estimated mineral resources
to reserves, the inability to complete a feasibility study which
recommends a production decision, the preliminary nature of
metallurgical test results, delays in obtaining or failures to
obtain required governmental, environmental or other project
approvals, political risks, inability to fulfill the duty to
accommodate First Nations and other indigenous peoples,
uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the
development of projects, capital and operating costs varying
significantly from estimates and the other risks involved in the
mineral exploration and development industry, and those risks set
out in the Company’s public documents filed on SEDAR. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d64b1937-384a-4331-89d2-297e47a368b5
Angus Gold (TSXV:GUS)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Angus Gold (TSXV:GUS)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024