Argo Acquires North Saskatchewan Mineral Claims
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) has acquired mineral claims in North Saskatchewan for $7,000 cash and 1,000,000 common shares. The claims, totaling 5,955 hectares, are located near the former Rottenstone Mine, which produced nickel, copper, gold, and platinum group metals from 1965 to 1969. Argo has also staked an additional 15,161 hectares in the area.
The company now owns 21,116 hectares of high-quality exploration targets in an emerging metallogenic district. Recent discoveries by Ramp Metals Inc. and exploration activities by Fathom Nickel highlight the area's potential. Saskatchewan ranks third globally in the Fraser Institute's Annual Survey of Mining Companies, positioning Argo favorably for mineral exploration in a mining-friendly jurisdiction.
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) ha acquisito diritti minerari nel Nord Saskatchewan per 7.000 dollari in contanti e 1.000.000 azioni ordinarie. I diritti, per un totale di 5.955 ettari, si trovano vicino al precedente Rottenstone Mine, che ha prodotto nichel, rame, oro e metalli del gruppo platino dal 1965 al 1969. Argo ha anche registrato ulteriori 15.161 ettari nella zona.
L'azienda possiede ora 21.116 ettari di obiettivi di esplorazione di alta qualità in un distretto metallogenico emergente. Le recenti scoperte da parte di Ramp Metals Inc. e le attività di esplorazione di Fathom Nickel evidenziano il potenziale della zona. Il Saskatchewan si posiziona terzo a livello globale nel Fraser Institute's Annual Survey of Mining Companies, mettendo Argo in una posizione favorevole per l'esplorazione mineraria in una giurisdizione favorevole all'industria mineraria.
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) ha adquirido derechos minerales en el norte de Saskatchewan por 7,000 dólares en efectivo y 1,000,000 de acciones ordinarias. Los derechos, que suman 5,955 hectáreas, están ubicados cerca de la antigua Mina Rottenstone, que produjo níquel, cobre, oro y metales del grupo platino de 1965 a 1969. Argo también ha registrado 15,161 hectáreas adicionales en la zona.
La empresa ahora posee 21,116 hectáreas de objetivos de exploración de alta calidad en un distrito metalogénico emergente. Descubrimientos recientes de Ramp Metals Inc. y actividades de exploración de Fathom Nickel destacan el potencial de la zona. Saskatchewan ocupa el tercer lugar a nivel mundial en la Encuesta Anual de Empresas Mineras del Fraser Institute, posicionando a Argo favorablemente para la exploración mineral en una jurisdicción favorable a la minería.
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF)는 노스 사스캐처원에서 광물 청구권을 인수했습니다. 인수가는 현금 7,000달러와 1,000,000주 보통주입니다. 이 청구권은 총 5,955헥타르에 달하며, 1965년부터 1969년까지 니켈, 구리, 금, 백금계열 금속을 생산했던 이전의 로텐스톤 광산 근처에 위치해 있습니다. Argo는 추가로 15,161헥타르를 스테이킹했습니다.
회사는 이제 신흥 금속학 지구에 21,116헥타르의 고품질 탐사 목표를 보유하고 있습니다. Ramp Metals Inc.의 최근 발견과 Fathom Nickel의 탐사 활동은 이 지역의 잠재력을 강조합니다. 사스캐처원은 프레이저 연구소(Frazer Institute)의 연례 광산 회사 설문조사에서 세계적으로 세 번째로 평가되어, Argo는 광업 친화적인 관할권에서 광물 탐사에 유리한 위치에 있습니다.
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) a acquis des droits miniers dans le Nord de la Saskatchewan pour 7 000 dollars en espèces et 1 000 000 d'actions ordinaires. Les droits, totalisant 5 955 hectares, sont situés à proximité de l'ancienne mine de Rottenstone, qui a produit du nickel, du cuivre, de l'or et des métaux du groupe platine de 1965 à 1969. Argo a également enregistré 15 161 hectares supplémentaires dans la région.
L'entreprise possède désormais 21 116 hectares de cibles d'exploration de haute qualité dans un district métallogénique émergent. Les découvertes récentes de Ramp Metals Inc. et les activités d'exploration de Fathom Nickel soulignent le potentiel de la région. La Saskatchewan se classe au troisième rang mondial dans le Fraser Institute's Annual Survey of Mining Companies, plaçant Argo dans une position favorable pour l'exploration minière dans une juridiction favorable à l'industrie minière.
Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) hat Mineralansprüche im Norden von Saskatchewan erworben für 7.000 Dollar in bar und 1.000.000 Stammaktien. Die Ansprüche umfassen insgesamt 5.955 Hektar und liegen in der Nähe der ehemaligen Rottenstone Mine, die von 1965 bis 1969 Nickel, Kupfer, Gold und Platinmetalle abgebaut hat. Argo hat auch weitere 15.161 Hektar in der Region beansprucht.
Das Unternehmen besitzt nun 21.116 Hektar hochwertiger Erkundungsziele in einem aufstrebenden metallogenetischen Gebiet. Jüngste Entdeckungen von Ramp Metals Inc. und Erkundungsaktivitäten von Fathom Nickel heben das Potential der Region hervor. Saskatchewan belegt im Annual Survey of Mining Companies des Fraser Institute weltweit den dritten Platz, was Argo in eine günstige Position für die Mineralerkundung in einer bergbaufreundlichen Jurisdiktion bringt.
- Acquisition of 5,955 hectares of mineral claims near a past-producing mine
- Additional staking of 15,161 hectares in the same area
- Total ownership of 21,116 hectares of high-quality exploration targets
- Recent high-grade gold discovery by Ramp Metals in the same district (73.55 g/t gold over 7.5 meters)
- Favorable mining jurisdiction ranking (Saskatchewan ranked 3rd globally)
- Cash outlay of $7,000 for the acquisition
- Issuance of 1,000,000 common shares, potentially diluting existing shareholders
Toronto, Ontario--(Newsfile Corp. - August 7, 2024) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") has entered into an agreement to acquire mineral claims in North Saskatchewan pursuant to which Argo Gold can acquire a
The North Saskatchewan mineral claims consist of 5955 hectares proximal to the past-producing Rottenstone Mine which produced nickel, copper, gold and platinum group metals from 1965 to 1969. The open pit mine operated during a summer production season, with winter haulage, and the concentrate produced was shipped to Copper Cliff, the refinery of the International Nickel Company of Canada. Approximately 28,724 tons of ore was processed, averaging
In addition to this acquisition, Argo Gold has staked an additional 15,161 hectares in the Rottenstone area identifying areas of interest including, anomalous copper in soils, electromagnetic conductors identified by historic geophysical surveys, ultramafic rocks, the Gow Lake meteor crater area and the geological strike extension of the Rottenstone Mine.
Argo Gold owns a total of 21,116 hectares of very high-quality exploration targets in an emerging metallogenic district. The mineral potential of the district has been identified and confirmed by Ramp Metals Inc. ("Ramp Metals"). On June 17, 2024, Ramp Metals announced a high-grade gold discovery in drill hole Ranger-1, reporting an intersection of 73.55 grams/tonne gold over 7.5 metres from 227 to 234.5 metres. This hole was not followed up by drilling and the gold bearing zone remains open in all directions. Ramp Metals is a Canadian nickel-copper explorer that recently completed a four-hole drill program on its Rottenstone SW property in early 2024. Hole Ranger-1 targeted a deep geophysical conductor identified by a modern airborne electromagnetic survey situated near the discovery site of gold-bearing, angular boulders and ultramafic outcrop found by Ramp Metals in late 2023. (Source: Ramp Metals Inc., News Release, June 17, 2024).
Fathom Nickel is also actively carrying out mineral exploration in the Rottenstone metallogenic district and recently announced an all season 25-person camp and full permitting until mid-2026. (Source: Fathom Nickel Inc., News Release, June 20, 2024).
The Fraser Institutes Annual Survey of Mining Companies ranked Saskatchewan as number 3 in the world. Argo is well positioned to advance mineral exploration with high-quality assets in a mining friendly jurisdiction.
National Instrument 43-101 Disclosure
The technical information in this news release has been reviewed and approved by Bill Kerr, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Historical geochemical, drilling results and geological descriptions quoted in this news release were taken directly from news releases by other mineral explorers and from information provided by the Government of Saskatchewan. Management cautions that results reported by other parties on adjacent properties have not been verified nor confirmed by its Qualified Person, but Argo believes they create a scientific foundation for the exploration in the district. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on Argo's mineral properties.
About Argo Gold
Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Information on Argo Gold can be obtained from SEDAR at www.sedarplus.ca and on Argo Gold's website at www.argogold.com. Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS.
Judy Baker, CEO
(416) 786-7860
jbaker@argogold.ca
www.argogold.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to the financing not being completed in its entirety, or at all, delays or uncertainties with drilling and surface preparation work, and not achieving hoped for exploration success. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219137
FAQ
What mineral claims did Argo Gold (ARBTF) acquire in North Saskatchewan?
How much did Argo Gold (ARBTF) pay for the North Saskatchewan mineral claims?
What was the total area of mineral claims Argo Gold (ARBTF) acquired in the Rottenstone area?
What recent discovery near Argo Gold's (ARBTF) new claims highlights the area's potential?
