Argo Gold Expands Flagship Woco Gold Project in Northwestern Ontario
Toronto, Ontario--(Newsfile Corp. - February 11, 2019) - Argo Gold (CSE: ARQ) (the "Company" or "Argo Gold") is pleased to announce the staking of additional claims, expanding of their 100% owned land package, Argo's flagship Woco Gold Project, located 75 kms east of Great Bear Resources' Dixie Project, outside of the Red Lake Gold District.
Key details of the Company's additional claims are:
- Two Additional blocks of claims contiguous with the main Woco Gold Property.
- Block 1 consists of 11 claims, which cover the North and Western parts of the HST 'Break' and which contain the extension of the Raingold showing (on Argo Gold mineral patents).
- Block 2 consists of 8 claims which cover the Eastern extent of the Uchi Mine area geology and a portion of the Uchi Lake Deformation Zone.
- As seen from Figure 1 below, these new claims are directly west and south of the four-past producing Uchi Gold Mines.
With this new staking, the Woco Gold Project has increased in size by 15%, bringing Argo Gold's total land package in the prospective Birch Uchi Greenstone Belt to 2,176 hectares.
Figure 1: Argo Gold's additional claims at the Woco Gold Project.
About Argo Gold Inc.
Argo Gold is listed on the Canadian Securities Exchange under the ticker symbol ARQ. Argo Gold is focused on gold exploration projects in central and northwestern Ontario. Argo Gold's website is www.argogold.ca.
Mr. Delio Tortosa, P. Eng, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.
For more information, please contact:
Vice-President, Corporate Development
Chief Financial Officer
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 delays or uncertainties with regulatory approvals, including that of the CSE. 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 at www.sedar.com.