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Argonaut Gold - President & CEO, Pete Dougherty
President & CEO, Pete Dougherty
Source: Soo Today
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  • Argo Gold (ARQ) has identified high-grade gold and multiple mineralized trends at its Uchi Gold Project
  • The project is located in the Red Lake District of Ontario
  • The company’s 2021 exploration program extended the strike length of the mineralized zones at the Woco target to 400 metres and the Northgate target to 500 metres
  • The program also identified a new zone of mineralization 100 metres east of the Raingold target
  • Argo Gold is unchanged, trading at $0.12 at 10:12 am ET

Argo Gold (ARQ) has identified high-grade gold and multiple mineralized trends at its Uchi Gold Project.

The project is located in the Red Lake District of Ontario.

The Toronto-based mineral exploration company’s 2021 exploration program extended the strike length of the mineralized zones at the Woco target to 400 metres and the Northgate target to 500 metres.

At Northgate, the zone of known gold mineralization was extended to 500 metres from 225 metres with 15 metres of strike length of very high-grade gold exposed right at surface.

The program also identified a new zone of mineralization 100 metres east of the Raingold target.

Channel sample results are pending from the south extension zone which was stripped for 280 metres along a shear zone with abundant sulphides at the Raingold target.

At the Woco-Northgate Corridor, two drill holes identified quartz veins and quartz/carbonate veinlets with disseminated sulphides near the end of the drill holes along the strike extension.

The mineral exploration and development company remains focused on gold exploration at the Uchi Gold Project in the Red Lake District.

Argo Gold also recently added the Talbot Lake Gold Project to its portfolio.

Argo Gold is unchanged, trading at $0.12 at 10:12 am ET.

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