Angel Gold: Option Payment Made on El Porvenir Gold Property; Line Cutting For Geophysical Surveys And Soil Sampling Completed On Three Major Target Areas
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 5, 2016) - Angel Gold Corp. (TSX VENTURE:ANG) ("Angel" or the "Company") is pleased to announce that it has made the second payment of USD$100,000 in connection with its Option Agreement dated November 14, 2014 with Mineros S.A on the El Porvenir property in Colombia where exploration field work is progressing.
The programmed line cutting for the proposed IP and ground magnetics geophysical programs have been completed and the topographic profiles are being finalized. A combined total of 511 sites were soils sampled at the Iguanacito and Guayabales grids. These samples will be submitted along with 56 quality control samples for preparation at ALS sample preparation facility in Medellin Colombia and assayed at the ALS facility in Lima, Peru.
Figure 1: Map of Proposed Surveys and Geophysics Lines
350 soils samples were collected at the Iguanacito Prospect, where sample spacing was 25m over the central third of the grid, and 50m spacing over the margins of each line. 39 QAQC samples will be submitted along with the primary soils samples. Line spacing is 100m for the seven southeastern lines, opened to 200m line spacing for the 5 northwestern lines. A total of 13.75 line kilometers will be surveyed geophysically.
161 soils samples were collected at Guayabales Prospect at 50m sample spacing along six, 200m spaced lines. These samples will be submitted along with 17 QAQC samples. Three of the northeastern most lines were shortened at one end due to temporary land access restriction, but these line shortenings will not affect the coverage of the main target of the survey. A total of 7.85 line kilometers will be surveyed geophysically.
At the Abejero vein prospect a single 1,400m line was cut parallel to the strike of the vein to test the down dip continuation of the two mineralized shoots there. No soils samples were collected. This 1.4 line kilometers will be surveyed geophysically.
About Angel Gold Corp
Angel is a Canada-based gold and silver exploration company focused on responsible development of mineral resources in Colombia, host to some of the world's largest gold deposits. Angel has been focused on acquiring and validating strategic mineral exploration opportunities in Colombia's best mining districts with the highest potential for new discoveries.