Argonaut Gold Drills High-Grade Intercept of 6.0 Metres at 8.31 g/t at Magino; Phase Two Magino Drill Program Shows Promising Continuity Between High-Grade Intercepts in the Elbow Zone, including 20.0 Metres at 4.58 g/t Gold
TORONTO, July 28, 2020 - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce drill results from Phase Two of its drill campaign specifically targeting high-grade mineralization below the proposed pit at its 100% owned Magino property in Ontario, Canada, including 6.0 metres at 8.31 g/t Au, 1.0 metre of 48.50 g/t Au and 2.0 metres at 25.88 g/t Au.
The Phase Two program has focused on tightening drill spacing around high-grade intercepts encountered during the Phase One program at both the Elbow Zone and Central Zone. The results in this press release are from the Elbow Zone and the Company anticipates reporting results from the Central Zone once all assays have been received (Figure 1). To date, the Company has completed 54 diamond drill holes, including six (6) wedge holes, for a total of 34,852 metres of drilling in the Phase One and Phase Two programs.
- Published: 28 July 2020
- Written by Editor