Argo Expands Mineral Claim Position in the Rottenstone Belt, Saskatchewan
Argo Gold (ARBTF) has expanded its mineral claim position in the Rottenstone Belt, Saskatchewan by acquiring an additional 4,608 hectares through staking. The company's total position now encompasses 26,600 hectares of contiguous mineral claims, located 140 km North of La Ronge.
The area includes the historic Rottenstone Mine, which produced significant amounts of nickel, copper, and precious metals from 1965 to 1969, processing 28,724 tons of ore averaging 3.28% Nickel, 1.83% Copper, 4.70 g/t Platinum, 3.90 g/t Palladium, and 1.03 g/t Gold. Recent exploration in the area has yielded promising results, including Ramp Metals' discovery of high-grade gold (73.55 g/t over 7.5 metres) in June 2024.
Argo's claims cover strategic areas including anomalous copper in soils, electromagnetic conductors, ultramafic rocks, and the geological strike extension of the Rottenstone Mine. The company has also engaged marketing services through a 90-day contract worth CAD$15,000.
Argo Gold (ARBTF) ha ampliato la sua posizione di rivendicazione mineraria nella Rottenstone Belt, Saskatchewan acquisendo ulteriori 4.608 ettari tramite staking. La posizione totale della compagnia ora comprende 26.600 ettari di concessioni minerarie contigue, situate a 140 km a nord di La Ronge.
L'area include l' historic Rottenstone Mine, che ha prodotto quantità significative di nichel, rame e metalli preziosi dal 1965 al 1969, elaborando 28.724 tonnellate di minerale con una media del 3,28% di Nichel, 1,83% di Rame, 4,70 g/t di Platino, 3,90 g/t di Palladio e 1,03 g/t di Oro. Recenti esplorazioni nella zona hanno dato risultati promettenti, tra cui la scoperta di oro ad alto grado (73,55 g/t su 7,5 metri) da parte di Ramp Metals nel giugno 2024.
Le rivendicazioni di Argo coprono aree strategiche che includono rame anomalo nei suoli, conduttori elettromagnetici, rocce ultramafiche e l'estensione geologica della Rottenstone Mine. La compagnia ha anche avviato servizi di marketing tramite un contratto di 90 giorni del valore di CAD$15.000.
Argo Gold (ARBTF) ha ampliado su posición de reclamo mineral en la Rottenstone Belt, Saskatchewan al adquirir 4,608 hectáreas adicionales a través de staking. La posición total de la compañía ahora abarca 26,600 hectáreas de reclamos minerales contiguos, situados a 140 km al norte de La Ronge.
El área incluye la histórica Rottenstone Mine, que produjo cantidades significativas de níquel, cobre y metales preciosos desde 1965 hasta 1969, procesando 28,724 toneladas de mineral con un promedio de 3.28% Níquel, 1.83% Cobre, 4.70 g/t Platino, 3.90 g/t Paladio y 1.03 g/t Oro. Las exploraciones recientes en el área han dado resultados prometedores, incluida la descubrimiento de oro de alta ley (73.55 g/t sobre 7.5 metros) por Ramp Metals en junio de 2024.
Las reclamaciones de Argo cubren áreas estratégicas que incluyen cobre anómalo en suelos, conductores electromagnéticos, rocas ultramáficas y la extensión geológica de la Rottenstone Mine. La compañía también ha contratado servicios de marketing a través de un contrato de 90 días por valor de CAD$15,000.
Argo Gold (ARBTF)는 Rottenstone Belt, Saskatchewan에서 추가로 4,608 헥타르를 스테이킹하여 광물 청구 위치를 확장했습니다. 회사의 총 면적은 이제 26,600 헥타르의 인접 광물 청구 구역을 포함하며, 라 론지에서 북쪽으로 140km 떨어져 있습니다.
이 지역에는 1965년부터 1969년까지 니켈, 구리 및 귀금속을 상당량 생산한 역사적인 Rottenstone Mine이 포함되어 있으며, 28,724톤의 광석을 가공하여 평균 3.28% 니켈, 1.83% 구리, 4.70 g/t 백금, 3.90 g/t 팔라듐 및 1.03 g/t 금을 생산했습니다. Recent exploration in the area has yielded promising results, including Ramp Metals' discovery of high-grade gold (73.55 g/t over 7.5 metres) in June 2024.
Argo의 청구는 토양의 비정상적인 구리, 전자기 전도체, 초마그마암 및 Rottenstone Mine의 지질적 스트라이크 연장을 포함하는 전략적 영역을 커버합니다. 이 회사는 또한 CAD$15,000의 가치를 가진 90일 계약을 통해 마케팅 서비스를 제공하고 있습니다.
Argo Gold (ARBTF) a élargi sa position de revendication minière dans la Rottenstone Belt, Saskatchewan en acquérant 4 608 hectares supplémentaires par le biais de staking. La position totale de l'entreprise englobe maintenant 26 600 hectares de revendications minières contiguës, situés à 140 km au nord de La Ronge.
La région comprend l'historique Rottenstone Mine, qui a produit des quantités significatives de nickel, de cuivre et de métaux précieux de 1965 à 1969, traitant 28 724 tonnes de minerai avec une moyenne de 3,28 % de nickel, 1,83 % de cuivre, 4,70 g/t de platine, 3,90 g/t de palladium et 1,03 g/t d'or. Les explorations récentes dans la région ont donné des résultats prometteurs, y compris la découverte par Ramp Metals d'or de haute qualité (73,55 g/t sur 7,5 mètres) en juin 2024.
Les revendications d'Argo couvrent des zones stratégiques, y compris du cuivre anormal dans les sols, des conducteurs électromagnétiques, des roches ultramafiques et l'extension géologique de la Rottenstone Mine. La société a également engagé des services de marketing par le biais d'un contrat de 90 jours d'une valeur de CAD15 000.
Argo Gold (ARBTF) hat seine mineralischen Ansprüche im Rottenstone Belt, Saskatchewan durch den Erwerb von weiteren 4.608 Hektar durch Staking erweitert. Die Gesamtfläche des Unternehmens umfasst nun 26.600 Hektar zusammenhängende Mineralansprüche, die 140 km nördlich von La Ronge gelegen sind.
Die Region umfasst die historische Rottenstone Mine, die von 1965 bis 1969 erhebliche Mengen Nickel, Kupfer und Edelmetalle produzierte und 28.724 Tonnen Erz mit einem Durchschnitt von 3,28% Nickel, 1,83% Kupfer, 4,70 g/t Platin, 3,90 g/t Palladium und 1,03 g/t Gold verarbeitete. Jüngste Erkundungen in der Region haben vielversprechende Ergebnisse geliefert, einschließlich der Entdeckung von hochgradigem Gold (73,55 g/t über 7,5 Meter) durch Ramp Metals im Juni 2024.
Die Ansprüche von Argo decken strategische Gebiete ab, darunter anomales Kupfer im Boden, elektromagnetische Leiter, ultramafische Gesteine und die geologische Fortsetzung der Rottenstone Mine. Das Unternehmen hat auch Marketingdienstleistungen durch einen 90-tägigen Vertrag im Wert von CAD$15.000 in Anspruch genommen.
- Expansion of mineral claims by 4,608 hectares in a historically productive mining region
- Property located near historic Rottenstone Mine with proven high-grade deposits
- Recent nearby discovery of high-grade gold (73.55 g/t over 7.5 metres) by Ramp Metals
- Saskatchewan ranked third globally for mining investment attractiveness
- Area has seen minimal exploration since the 1960s
- Historical assays did not include gold, platinum, or palladium data
- Additional marketing expenses of CAD$15,000 for the next 90 days
Toronto, Ontario--(Newsfile Corp. - January 30, 2025) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") has recently acquired an additional 4608 hectares of mineral claims, by staking, in the Rottenstone Belt located 140 km North of La Ronge, Saskatchewan. Argo's position in the Rottenstone Belt now consists of 26,600 hectares of contiguous mineral claims. The Rottenstone Belt has seen very little mineral exploration since the late 1960's but recent exploration results are commanding another look at the metallogenic district.
Historic exploration in the area consists of ground prospecting, government mapping, airborne surveys and shallow drilling; but mineral assays did not include gold, platinum or palladium. The nearby past-producing Rottenstone Mine 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
On June 17, 2024, Ramp Metals reported a discovery of high-grade gold in the Ranger-1 drill hole of 73.55 grams/tonne gold over 7.5 metres from 227 to 234.5 metres. (Ramp Metals, 2024).
Argo recently completed a compilation of all historic data on its mineral claims acquired this past summer (Argo Gold, August 7, 2024) and identified additional prospective mineral exploration ground where anomalous gold, silver and copper in lake sediments (GSC) coincide with an interpreted fold axis from historic geophysical data. Argo's mineral claim position in the Rottenstone Belt covers 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.
The Fraser Institutes Annual Survey of Mining Companies ranked Saskatchewan as third in the world for mineral exploration and mining investment attractiveness 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 Michael Guo PhD, PGeo, MG Geological Consulting Ltd, 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.
Map 1: Location of Argo Gold Rottenstone Belt Mineral Claims
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Marketing
Argo also announces that it has entered into an advertising/e-marketing contract with 1000903966 Ontario Inc. to provide marketing services, including social media engagement through X (formerly Twitter), Facebook, YouTube and Reddit. The initial term of the agreement is 90 days, starting on January 30, 2025, and may be renewed with mutual written agreement. During the initial term, 1000903966 Ontario Inc., will be paid CAD
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, including statements respecting anticipated mineral exploration success, identification of additional prospective exploration ground, and potential marketing activities. 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 delays or uncertainties with drilling and surface preparation work, and not achieving hoped for exploration or marketing 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.
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FAQ
What is the size of Argo Gold's (ARBTF) total mineral claim position in the Rottenstone Belt?
What were the historical production grades at the Rottenstone Mine near ARBTF's claims?
What recent gold discovery was made near Argo Gold's (ARBTF) Rottenstone property?
What marketing initiatives has ARBTF announced for 2025?
