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 https://www.argonautgold.com/English/assets/drill-results/default.aspx 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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