Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Argonaut Gold Inc T.AR

Alternate Symbol(s):  T.AR.DB.U | ARNGF

Argonaut Gold Inc. is a gold producer with a portfolio of operations in North America. The Company’s operating mines include Florida Canyon, Magino, La Colorada and San Agustin. The Florida Canyon Gold Mine area is situated in northwestern Nevada within the Basin and Range physiographic province. The Magino mine property is a past producing underground gold mine located 40 kilometers (km) northeast of Wawa, Ontario, approximately 14 kilometers southeast of the town of Dubreuilville. The property consists of seven patented mining claims, four leased mining claims and 69 unpatented mining claims totaling 2,204.495 hectares. The past producing La Colorada gold-silver mine property is located approximately 40 km southeast of Hermosillo, Sonora State, Mexico. The San Agustin property consists of four mineral claims totaling 1,065 ha and is located in the northern San Lucas de Ocampo Mining District.


TSX:AR - Post by User

Post by stockmysteron Mar 25, 2023 12:28am
522 Views
Post# 35359997

Where are the drill results?

Where are the drill results?Has anyone called the company to find out  why the delay. As per the September 6th new release pending assay results are mentioned 3 times. It's been over 6 months now. It doesn't take that long.

"Many assays are still pending from this program and Argonaut expects to issue a further update when they are 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, No. 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 m in the No. 42 zone, including 24.4 g/t Au over 1.3 m and 87.2 g/t Au over 0.65 m in hole MA22-134. The Sandy zone also returned 14.25 g/t Au over two m. 

In the South zone, drilling focused on extending known mineralization beneath the western extents of the open pit to vertical depths exceeding 1,000m. Drilling encountered north dipping veins, as expected, as well as several south-dipping veins. This resulted in a few intercepts where veins were drilled subparallel 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 7.5 g/t Au over 13 m in hole MA21-104 and 14.3 g/t Au over five m in wedge hole MA22-114W1A.

The continuing 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.

<< Previous
Bullboard Posts
Next >>