Announcement Date: 2021-11-16
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Argonaut Gold Inc.
Project name: Magino
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 16.0m @ 6.1g/t Au from 567.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario – (November 16, 2021) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce that drill hole MA21-076 has intersected a core length of 16.0m at 6.1 g/t Au and drill hole MA21-085 has intersected a core length of 7.0m at 8.8 g/t Au within the Elbow Zone at its 100%-owned Magino project in Ontario, Canada. These results are part of the early-stage resource definition drilling campaign targeting highgrade gold mineralization at depth below the planned Magino open pit. A table of the drill results as well as maps and an interactive 3D model are available on the Company’s website at Recent drilling at Magino has been primarily focused on tightening the drill spacing within the Elbow Zone on a pattern targeting 40m spacing in the upper 500m and 80m spacing between a vertical depth of 500m and 1,000m. Infill drilling continues to encounter high-grade gold mineralization within a steep north-east plunging structure. Visible gold is frequently observed in grey quartz veins hosted within the granodiorite intrusive along the northern contact of the volcanic rocks.
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