| Announcement Date: | 2022-11-07 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Angold Resources Ltd. |
| Project name: | Iron Butte |
| Location: | United States |
| Commodities: | Gold,Silver |
| Highlight: | Drilling results incl. 94.5m at 0.64g/t Au, 14.3g/t Ag0.0 |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia, November 7, 2022 – Angold Resources Ltd. (TSXV:AAU, FRA:13L, OTCQB:AAUGF) (“Angold” or the “Company”) is pleased to announce assay results for its 2022 drilling program at its Iron Butte Project, located approximately 60 kilometres (“km”) south of Battle Mountain, Nevada. Deeper high-grade vein potential was only tested in the Red Ridge zone and proof of concept was achieved with AAU22-04 (1.52 m @ 13.62 g/t AuEq* (13.48 g/t Au and 11.5 g/t Ag) from 405.4 m), encountering high grade veining. This intercept is also coincident with the down-dip projection of a mineralized fault mapped at the surface. The entire length of AAU22-04 is anomalous in gold, suggesting the bottom or eastern edge of the system was not reached in this hole. AAU22-04 was terminated at the depth limits of the RC drill used. The high-grade interval represents the highest-grade gold intercept historically-to date on the project and is deeper than all previous drilling in Red Ridge. See Figure 2 below for a cross section through AAU22-04. Diamond core drill holes AAU22-01 and AAU22-01A |
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