Announcement Date: 2023-02-14
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Angus Gold Inc.
Project name: Golden Sky
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 104.3m at 0.8g/t Au from 142.7m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, February 14, 2023 – ANGUS GOLD INC. (TSX-V: GUS | OTC: ANGVF) (“Angus” or the “Company”) is pleased to announce assay results from the twelve (12) holes drilled during the Summer and Fall 2022 drill program at the Golden Sky Project in Wawa, Ontario. The twelve holes were drilled within the BIF exploration area to further delineate the new gold horizon, originally intersected during the 2021 drilling campaign, as well as test two targets in other areas of the BIF. All of the holes were successful in intersecting gold mineralization and have now identified a gold horizon of approximately 800 metres strike-length and up to 104 metres wide. In addition, gold mineralization was successfully intersected in the two holes testing other stratigraphic sections of the BIF, suggesting there is considerable exploration upside outside of the new gold zone. These results continue to indicate strong potential for the area to host significant BIF-hosted gold mineralization similar to that seen at the large, high-grade deposits of Musselwhite (Newmont), Meadowbank (Agnico-Eagle) and Back River (Sabina) in Ontario and Nunavut.
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