The Golden Sky Project Geology Map
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Angus Gold (GUS) commenced summer drilling at its Golden Sky Project in Wawa, Ontario
  • The drill program will focus on the two most advanced target areas within the property – the Banded Iron Formation Zone, the site of two significant new gold discoveries made in 2021, and the Dorset Deformation Zone, which hosts a historical gold resource with the potential for high-grade mineralized ore shoots
  • One drill has mobilized to the BIF target to define two new gold discoveries further, intersecting thick, well-mineralized zones
  • Additional exploration programs are also ongoing on new priority areas, designed to generate new drill targets to be tested in the fall
  • Angus Gold Inc. (GUS) is up 5.10 per cent on the day, trading at C$1.03 at 2 p.m. ET

Angus Gold (GUS) has commenced a summer drilling program at its Golden Sky Project.

The ongoing drill program will initially focus on the two most advanced target areas within the property:

The Banded Iron Formation (BIF) Zone, a large area of banded iron formation that is the site of two significant new gold discoveries made in the 2021 drilling program

The Dorset Deformation Zone, which hosts a historical gold resource with the potential for high-grade mineralized ore shoots

One drill has been mobilized to the BIF target to define two new gold discoveries, intersecting thick, well-mineralized zones including 61.3 metres at 0.94 g/t Au in one hole and 18.7 metres at 1.0 g/t Au in another. New, untested, priority BIF geophysical targets will also be drilled in this phase.

Additional exploration programs are also ongoing on new priority areas, designed to generate new drill targets to be tested in the fall.

Angus’ Chief Executive Officer, Steve Burleton noted that given the results from the previous year’s drill program, the company is accelerating its program in 2022 to advance current gold zones as well as identify new high-priority targets for future drill programs.

“The Golden Sky project is highly under-explored, and our regional work continues to identify additional structures, surface gold anomalies and geology that have significant potential to generate new exploration catalysts. In addition to the BIF and Dorset, we are currently evaluating three new areas that we expect to bring to drill-readiness before the end of the year. We are well financed to accomplish all of the work needed to advance these targets and crews are in the field now working towards these goals.”

Angus Gold Inc. is a Canadian mineral exploration company focused on the exploration and development of highly prospective gold properties. The company’s flagship project is its 100 per cent owned Golden Sky Project in Wawa, Ontario.

Angus Gold Inc. (GUS) is up 5.10 per cent on the day, trading at C$1.03 at 2 p.m. ET.

More From The Market Herald
The Market Herald Video

" Silver Bullet Mines (TSXV:SBMI) issues operational update

Silver Bullet (SBMI) is reporting progress at its Arizona pilot plant and Buckeye and Washington mines.
NioBay Metals Inc. - President & CEO, Jean Sébastien David.

" NioBay Metals (TSXV:NBY) confirms mineralization

NioBay Metals (NBY) has discovered significant extensions to the mineralized zone at the James Bay Niobium Project.

" Alpha (CSE:ALCU) kicks off gold-copper drilling

Alpha Copper Corp. (ALCU) has announced its first diamond drilling program update on the Indata Project in British Columbia.
Tudor Gold Corp. - President & CEO, Ken Konkin.

" Tudor (TSXV:TUD) extends gold-copper mineralization

Tudor Gold (TUD) has received the fourth set of drill results from its 2022 exploration program on the Treaty Creek Project in B.C.