Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Angus Gold Inc. (GUS) has commenced a 20,000-metre drill program at its wholly-owned Golden Sky Project
  • Drilling will focus on the Dorset Deformation Zone and the BIF Zone on the property
  • The company has received all necessary permits and expects to complete the program in the next 12 to 15 months
  • Angus Gold Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of highly prospective gold properties
  • Angus Gold Inc. (GUS) is down 1.10 per cent, trading at $0.90 per share

Angus Gold Inc. (GUS) has commenced a 20,000-metre drill program at its wholly-owned Golden Sky Project in Wawa, Ontario.

The 234-square-kilometre Golden Sky Project is located in the Mishibishu Lake Greenstone Belt of northern Ontario. The property is situated between the Eagle River underground mine and the Mishi open pit mine.

Angus Gold will focus on two target areas over the course of the program:

  • The Dorset Deformation Zone, which is host to a historical gold resource, and
  • The BIF Zone, a large area of banded iron formation that has historically returned high-grade gold assays in surface sampling.

After obtaining all necessary permits in June 2021, the company engaged Major Drilling Group International to complete the 20,000 metres of drilling.

Steve Burleton, Angus Gold CEO, commented on the company’s first drill program at the Golden Sky Project.

“This is an exciting moment for the Company and its shareholders,” he said. “We see tremendous exploration potential on this property.”

“Concurrent with the drilling,” he added, “we will also be expanding our geochemical and geophysical programs to cover more of the structures identified.”

Angus Gold Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of highly prospective gold properties.

Angus Gold Inc. (GUS) is down 1.10 per cent on the day, trading at $0.90 per share as of 10:57 am ET.

More From The Market Herald

" Grizzly (TSXV:GZD) to advance 2022 drilling for BC precious & battery metals projects

Grizzly Discoveries (GZD) is reviewing proposals for core drilling during the 2022 exploration season.

" ArcPacific (TSXV:ACP) locates lost gold-copper mine on LMSL Project

ArcPacific Resources Corp. (ACP) has discovered an early 1900s era gold-copper mine at its LMSL Project in British Columbia.

" CanAlaska Uranium (TSXV:CVV) begins airborne survey at Geikie Project

CanAlaska Uranium (CVV) has begun a high-resolution helicopter-borne aeromagnetics and radiometrics survey on its Geikie project.

" Osisko Development (TSXV:ODV) releases San Antonio Property mineral resource estimate

Osisko Development Corp. (ODV) has released an initial open pit resource estimate at its San Antonio Project in Sonora State, Mexico.