ProfitQuotes.com
symbol lookup  commodity list
Bookmark This Page
Tuesday Sector Leaders: Oil & Gas Refining & Marketing, Metals & Mining Stocks

Tue, 27 Sep 15:56:06 GMT
Dow Movers: MCD, HD

Tue, 27 Sep 14:36:40 GMT
Portfolio Channel
Free Energy Dividend Stock Report
Free Dividend Report - Top Ranked Stocks
Free Dividend Paying Gold/Metals Stocks Report
Get a quote box (like the one below) for your site!
ProfitQuotes.com Commodities Quotes
commodity quotes list
energy quotes  gold quotes
uranium stocks  
solar power stocks

wind power stocks

Industry focus:

advertising stocks,
space stocks,
aerospace stock,
aerospace sector,
list of aerospace companies,
largest chemical companies,
chemical stock,
chemical news,
best agriculture stocks,
ag stocks,
chinese agriculture stocks,
top agriculture companies,
agriculture stocks,
agricultural stocks,
agricultural stock,
stocks agriculture,
agriculture markets,
agriculture index,
agriculture industries,
agricultural investment,
agriculture investment,
agricultural industry,
farm stock,
airline stock symbols,
airline stock prices,
airline stock,
airlines stock,
clothing stock,
fashion stocks,
publicly traded fashion companies,
clothing company stocks,
apparel stock,
apparel companies,
application software stocks,
asset management stocks,
auto stocks,
auto industry stocks,
chinese auto stocks,
auto stock prices,
automotive stock,
auto parts stocks,
community bank stocks,
regional bank stocks,
canadian bank stocks,
banking stock,
national bank stocks,
commercial bank stock,
banks stock,
bank stock quote,
bank stocks,
banking industry,
alcohol stocks,
beverage stock,
global wine stocks,
wine stocks,
liquor stock,
biotech stocks list,
biotechnology investing,
public biotech companies,
top biotech stocks,
nanotechnology stock,
largest biotech companies,
biotechnology stock,
biotech investing,
investing in biotech,
best biotech companies,
bio stocks,
biotech sector,
biotechnology investment,
biopharma companies,
new biotech companies,
biotech investment,
biotechnology industries,
nanotech stocks,
biotech stocks,
biotechnology articles,
biotechnology news,
business stocks,
service stocks,
chemical companies,
chemical industries,
chemical industry,
chemical company,
chemicals company,
cigarette stock,
cigarette company stocks,
cigarette stock symbols,
tobacco company stocks,
tobacco stock,
cigar stocks,
communications stocks,
communication stock,
computer peripherals companies,
computer peripherals,
computers stocks,
computer stock,
computer web,
internet stocks,
construction stocks,
machinery stocks,
builders stocks,
building stocks,
consumer goods stocks,
consumer services stocks,
consumer services companies,
lending stocks,
mortgage banking,
lending companies,
mortgage bankers,
loan services,
mortgage services,
mortgage bank,
loan bank,
defense stocks,
defensive stock,
department store stocks,
diagnostic company,
diagnostic companies,
pharmaceuticals stocks,
drug stocks,
drug company stocks,
pharma stock,
education stocks,
college stock,
electric utility stocks,
electric company stocks,
electric utilities stocks,
utility stocks,
utilities stocks,
power equipment companies,
electrical supply companies,
electronic stocks,
entertainment stock,
movie stocks,
movies companies,
movie company,
cefs,
open ended and closed ended mutual funds,
closed ended investment,
closed ended fund,
bonds fund,
closed end,
food stock,
game stock,
gambling stocks,
casino stocks,
gaming stocks list,
gaming stocks,
gas utility companies,
gas company stocks,
construction industries,
builders contractors,
construction services,
construction industry,
grocery store stocks,
supermarket stock,
drug store stocks,
home stocks,
furniture stock,
home improvement stocks,
medical company stocks,
top medical stocks,
medical stock,
hospital stock,
medical supply stocks,
medical technology stocks,
medical device stocks,
medical equipment stocks,
copper mining,
palladium mining stocks,
mining metals,
mining,
mining news,
gold exploration,
mining share price,
lithium mines,
mining industries,
international mining companies,
mining information,
molybdenum mining companies,
nickel mining companies,
metals and mining stocks,
gold and silver mining stocks,
copper mining companies,
rare earth mining companies,
rare metals stocks,
rare earth stocks,
metals stocks,
welding stock,
nonprecious metals,
non metallic mining,
office supplies companies,
office supply companies,
oil services stocks,
oil pipeline stocks,
gas pipeline stocks,
gas pipeline companies,
pipeline companies,
natural gas pipeline companies,
oil services companies,
oil field services,
oil service stocks,
natural gas pipelines,
oilfield service companies,
oil and gas pipeline companies,
oil gas pipeline,
oil exploration stocks,
oil exploration sector,
oil exploration companies,
oil drilling stocks,
oil drilling companies,
oil production companies,
china oil companies,
brazil oil companies,
china oil stocks,
brazil oil stocks,
oil companies,
oil stocks,
oil drilling,
oil exploration,
offshore oil drilling companies,
list of oil drilling companies,
oil and gas exploration,
oil and gas drilling,
oil and gas stocks,
oil and gas drilling companies,
oil refining companies,
oil marketing companies,
oil refining stocks,
oil refining sector,
oil refinery companies,
oil refinery stocks,
major oil companies,
oil sector,
oil refinery,
oil refinery company,
oil company,
oil marketing company,
oil refining company,
oil refining industry,
major oil companies list,
oil and gas companies,
crude oil stocks,
packaging companies,
container companies,
packaging stocks,
packaging sector,
container sector,
pulp stocks,
paper stocks,
timber stocks,
pulp companies,
paper companies,
timber companies,
timber trusts,
cardboard companies,
paper sector,
timber sector,
paper companies list,
silver mining companies,
gold mining companies,
gold mining sector,
precious metal stocks,
mining companies,
exploration sector,
mining sector,
exploration stocks,
mining stocks,
silver stocks,
gold stocks,
gold mining stocks,
silver mining stocks,
silver mining company,
canadian mining companies,
gold mining,
gold mining company,
mining company,
list of mining companies,
gold stocks list,
largest gold mining companies,
silver mining,
printing companies,
printing stocks,
printing sector,
newspaper stocks,
newspaper sector,
newspaper companies,
publishing stocks,
publishing sector,
publishing companies,
digital media companies,
digital media stocks,
digital media sector,
book publishing companies,
digital media company,
publishing company,
railroad stocks,
railroad sector,
railroad companies,
railroad company,
railroad investment,
major railroad companies,
real estate companies,
real estate stock,
real estate public companies,
real estate investing,
real estate investments,
real estate sector,
commercial real estate investing,
real estate investment firms,
real estate investing guide,
REITs,
real estate investment trust,
REIT sector,
REIT stocks,
REITs sector,
REITs stock,
public REITs,
real estate investment trusts,
real estate investment trust companies,
real estate investment trusts REITs,
real estate investment companies,
real estate investment company,
real estate investment trust REIT,
rubber stocks,
plastic stocks,
rubber companies,
plastic companies,
rubber sector,
plastic sector,
plastic manufacturing companies,
rubber company,
plastic company,
semiconductor stocks,
semiconductor investments,
semi stocks,
semiconductor companies,
semiconductor sector,
shipping stocks,
dry bulk stocks,
container stocks,
dry bulk shipping,
dry bulk shipping companies,
tanker stocks,
shipping companies,
shipping sector,
specialty retail,
retail stocks,
retail investing,
retail store stocks,
consumer stocks,
consumer investment,
retail companies,
retail sector,
sports stocks,
sports investing,
sporting goods stocks,
sports investments,
sporting goods companies,
sporting goods sector,
stock message boards,
television stocks,
television investment,
radio stocks,
radio invest,
media stocks,
media invest,
media investment,
media investing,
television companies,
television sector,
radio sector,
radio companies,
media companies,
media sector,
textile stocks,
apparel stocks,
textile investment,
textile companies,
textile sector,
apparel sector,
freight investment,
transportation investment,
truck investment ,
freight stocks,
transportation stocks,
trucking stocks,
trucking companies,
trucking sector,
waste management stocks,
waste stocks,
recycling stocks,
waste investment,
waste companies,
waste sector,
water stocks,
water utilities,
water investing,
water investment,
water companies,
water sector

Home Oil & Gas Electricity Metals Treasuries Stocks My Portfolios Forex
News - Full Story
 Related Quotes
 Argonaut Gold Inc  0.435   0.015  3.57%
 Enter Symbols: 
Argonaut Gold reports further high-grade intercepts at Magino including 8.0m at 15.0 g/t Au and 13.0m at 7.54 g/t Au, 11.0m at 8.33 g/t Au and 13.0m at 7.44 g/t Au

Argonaut Gold Inc. (CNW Group/Argonaut Gold Inc.) (CNW Group/Argonaut Gold Inc.)

TORONTO, Sept. 6, 2022 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce recent positive drill results from deep drilling at Magino with high-grade intercepts below. The ongoing drill program continues to intersect multiple zones of mineralization at depth along a strike length of 1500 meters (Table 1, Figure 1), reinforcing the underground expansion potential below the planned Magino open pit.

"The drill results further demonstrate the potential of a mineral resource expansion at depth at the Magino Project. We continue to receive assays, and our goal is to expand the mineral resource envelope to include an open pit and underground scenario to meaningfully extend the project's mine life and increase mine profitability," commented Larry Radford, President and CEO of Argonaut Gold.

Table 1: Selected Results from the Magino Drill Program Targeting High-Grade Gold Mineralization at Depth



Azimuth

Dip

From

To

Length

Grade *

Estimated True

Hole No.

Zone



(metres)

(metres)

(metres)

(Au g/t)

Width (meters)

MA22-132

Elbow

157

-52.6

361.0

372.0

11.0

8.3

7.7

including




365.1

366.3

1.2

67.0

0.9

and

Central

157

-49.8

550.0

553.0

3.0

11.6

2.1

including




551.0

552.0

1.0

33.4

0.7

MA22-137A

Elbow

160

-60.5

430.0

433.5

3.5

7.2

2.4

including




432.0

433.5

1.5

16.9

1.0

and

Central

161

-60.3

457.0

461.0

4.0

7.3

2.8

MA21-111

Scotland

157

-71.9

378.0

382.0

4.0

5.7

2.8

including




378.0

379.3

1.3

16.3

0.9

MA22-134

#42 Zone

164

-51.1

581.0

594.0

13.0

7.4

9.1

including




589.0

590.3

1.3

24.4

0.9

and




592.6

593.3

0.7

87.2

0.5

MA22-135

#42 Zone

169

-50.3

765.0

768.0

3.0

6.6

2.1

including




765.0

766.1

1.1

17.4

0.8

MA22-136

South S1

162

-46.3

582.0

591.5

9.5

6.9

**

including




582.0

587.0

5.0

11.7

**

including




582.0

583.0

1.0

54.3

**

MA22-114

Scotland

145

-72.5

423.5

426.0

2.5

7.2

1.8

including




423.5

424.5

1.0

17.0

0.7

and

South S3

144

-68.4

765.0

773.0

8.0

15.0

**

including




767.0

768.0

1.0

79.4

**

MA22-121

South S3

135

-65.6

660.0

665.0

5.0

5.7

3.5

including




663.9

665.0

1.1

19.4

0.8

and

South S5

137

-63.7

875.0

882.0

7.0

7.5

4.9

including




880.0

880.8

0.8

66.2

0.5

and

South S6

138

-63.2

925.0

926.0

1.0

46.3

0.7

MA22-124

Sandy

162

-57.9

512.0

514.0

2.0

14.3

1.4

and

South S3

169

-56.8

885.0

889.0

4.0

6.8

2.8

including




886.0

887.0

1.0

26.0

0.7

MA22-114W1A

South S3

147

-67.2

776.0

780.0

4.0

7.6

**

including




778.8

780.0

1.2

18.8

**

and

South S5

147

-65.8

978.0

983.0

5.0

14.3

3.5

including




982.0

983.0

1.0

44.2

0.7

MA21-104

South S5

158

-44.8

772.0

785.0

13.0

7.5

9.1

including




779.0

784.0

5.0

18.7

3.5


*Grades uncut
** Downdip intersections with true width unknown at this time

A table of the full drill results as well as maps are available on the Company's website at https://www.argonautgold.com/English/assets/drill-results/default.aspx

The deep drilling programme has now tested the gold mineralization along a 1.5km trend to depths great than 1km.With the Elbow and Central Zones on the eastern margins and the South Zone on the west, a large-scale mineralized system has been shown to continue significantly down dip below the planned open pit. To date the company has drilled over 130,000 metres to establish the resource continuity of the mineralized system.

In the eastern area of the Magino deposit, drilling this year has focused on establishing continuity of higher-grade mineralization in the Elbow and Central Zones (Figure 1). Thirty (30) diamond drill holes totaling 19,300m were completed to infill drill spacing to between 40 and 50 meters. Results demonstrate good continuity of the mineralised zones and as expected an erratic nature to the higher grades. Highlights included hole MA22-132 which returned 8.33 g/t Au over a sample length of 11.0 m from the Elbow zone and 11.61 g/t Au over 3.0 m in the Central Zone (Figures 1 and 3). Many assays are still pending from this program, and Argonaut expects to issue a further update when received in September. Concurrently, Argonaut is conducting a model update along with preliminary scoping-level underground design and costing.

Second-pass follow-up drilling is in progress to further define gold resources along the Scotland, #42, Sandy, and South Zones in the central and western regions of the deposit. Although a considerable number of assays are still pending, initial results are encouraging with several high-grade intercepts over a large area below the planned Magino pit.   Highlights include 7.44 g/t Au over 13.0m in the #42 Zone including 24.4 g/t Au over 1.3m and 87.2 g/t Au over 0.65 m in hole MA22-134 (Figures 1 and 3).   The Sandy zone also returned 14.25 g/t Au over 2.0 m

In the South Zone drilling focused on extending known mineralization beneath the western extents of the open pit to vertical depths exceeding 1000m. Drilling encountered north dipping veins as expected as well as several south dipping veins. This resulted in a few intercepts where veins were drilled sub-parallel to the core axis.  These intercepts have been identified in the drill tables with double asterix (**) and the true widths are indeterminant at this time. In the north dipping veins where drilling crossed near-perpendicular, highlights include 7.50 g/t Au over 13.0m in hole MA21-104 and 14.3 g/t Au over 5.0m in wedge hole MA22-114W1A (Figures 1 and 2).

The ongoing program has produced mineralized intervals at depth across the deposit footprint. Argonaut will continue exploratory drilling in the near-mine environment through the end of year and plans to initiate first-pass district exploration drilling during the winter season on several targets to the south and west of Magino. Although many assays are pending, Argonaut expects to release further results in the upcoming months.

Figure 1: Plan Map of Magino Showing Locations of drill holes in this Press Release (CNW Group/Argonaut Gold Inc.)

Figure 2: Deep Drilling Cross Section (CNW Group/Argonaut Gold Inc.)

Figure 3: Deep Drilling Cross Section (CNW Group/Argonaut Gold Inc.)

Qualified Person Comments / Quality Control Procedures 

Technical information and preparation of this press release was supervised and approved by Brian Arkell, Argonaut Gold's Vice President Exploration and Mine Technical Services, and a Qualified Person under NI 43-101.  Mr. Arkell also reviewed the diamond drilling, sampling, and on-site sample preparation procedures at Magino.

The Company has a QA/QC program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines.  Drill hole is logged, and sample intervals tagged by geologic personnel.  Cores are then photographed and sawn in half by experienced geo-technicians, sampled and placed in numbered plastic bags, then gathered in rice bags which are sealed with tamper-proof security tags under the supervision of the project geologists.  Independent assay lab personnel retrieve and transport samples to the independent commercial assay lab. The other half of the core is retained for future assay verification and/or metallurgical testing. 

For sample analysis, the Company utilizes a system of Quality Assurance/Quality Control (QA/QC) that includes insertion and verification of standards, blanks, and duplicates consistent with industry standards.

Sample preparation and assaying was conducted by Activation Laboratories, Thunder Bay, Ontario. The laboratory has its own QA/QC protocols, and inserts standards, blanks, and duplicate samples in each batch stream.  Gold analysis is conducted by lead collection, fire assay with a gravimetric finish on a 50-gram sample. Metallic screen fire assaying is completed using a 1.0 kg sample and two 50 gm fire assays of the pass (-100 mesh) pulverized material on all samples containing visible gold.  Check assays are conducted at a secondary ISO certified laboratory.

Please see below under the heading "Cautionary note regarding forward-looking statements" for further details regarding risks.

Creating Value Beyond Gold

Cautionary Note Regarding Forward-looking Statements

This press release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities laws concerning the business, operations and financial performance and condition of Argonaut Gold. Forward-looking statements and forward-looking information include, but are not limited to statements with respect to: the Magino construction capital estimate; the ability to finance additional construction costs on terms acceptable to Argonaut; risks related to meeting the Magino construction project schedule; the realization of mineral reserve estimates; the timing and amount of estimated future production; the impact of inflation on costs of exploration, development and production; estimated production and mine life of the various mineral projects of Argonaut; risk of employee and/or contractor strike actions; timing of approval for modifications to existing permits; permitting and legal processes in relation to mining permitting and approval; the benefits of the development potential of the properties of Argonaut; the future price of gold, copper, and silver; the estimation of mineral reserves and resources; success of exploration activities; the impact of COVID-19, the response of governments to COVID-19 and the effectiveness of such responses; and currency exchange rate fluctuations. Except for statements of historical fact relating to Argonaut, certain information contained herein constitutes forward-looking statements. Forward-looking statements are 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", "should" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of Argonaut and there is no assurance they will prove to be correct.

Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include the availability and changing terms of financing, variations in ore grade or recovery rates, changes in market conditions, changes in inflation, risks relating to the availability and timeliness of permitting and governmental approvals; risks relating to international operations, fluctuating metal prices and currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, the impact of COVID-19 and the impact and effectiveness of governmental responses to COVID-19, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated.

These factors are discussed in greater detail in Argonaut's most recent Annual Information Form and in the most recent Management's Discussion and Analysis filed on SEDAR, which also provide additional general assumptions in connection with these statements. Argonaut cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Argonaut believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.

Although Argonaut has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Argonaut undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered if the property is developed. Comparative market information is as of a date prior to the date of this document.

Qualified Person, Technical Information and Mineral Properties Reports

Technical information included in this release was supervised and approved by Brian Arkell, Argonaut's Vice President, Exploration and a Qualified Person under NI 43-101.

About Argonaut Gold

Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production.  Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico and the Florida Canyon mine in Nevada, USA.  The Company also holds the construction stage Magino project, the advanced exploration stage Cerro del Gallo project and several other exploration stage projects, all of which are located in North America. For further information on the Company's material properties, please see the reports as listed below on the Company's website or on www.sedar.com

For more information, contact:         

Argonaut Gold Inc.

Brian Arkell
Vice President Exploration & Mine Technical Services
Phone: 775-470-2663
brian.arkell@argonautgold.com

Source: Argonaut Gold Inc.

SOURCE Argonaut Gold Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/06/c6664.html

<  back


TickerTech.com Private-label branded pages powered by TickerTech.com. Copyright © 2022 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX/COMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
"Wisdom: to live in the present, plan for the future, and profit from the past." - Unknown
Google
 

© Ticker Technologies, all rights reserved. Profitquotes.com is wholly owned by Ticker Technologies and serves to demonstrate the company's products to prospective clients. All quotes are in US Eastern Time (EST) and delayed at least 15 minutes. NYMEX/COMEX data delayed at least 30 minutes. Data is presented for informational purposes only and not intended for investment purposes. Nothing on this site should be considered advice, opinions, recommendations, or endorsements from ProfitQuotes.com or TTI Group. Full Disclaimer.