Argonaut Gold Inc T.AR

La Colorada Complex...El Creston...High Grade Underground...

[Digger0144]

With all the focus lately on the Magino Mine...the El Creston property has gone unoticed...but...not by all.

The La Colorada Complex is made up of three open pit operations consisting of the following, El Creston, Veta Madre and Gran Central...resources as listed on the attached link dated December 2021.

Assets - Operations - La Colorada, Argonaut Gold Inc.

These operations are being shut down this year as they "wait for mining permits".  In my opinion they are presently evaluating the operations and selling one or all of them is very much possible.

However, at El Creston the exploration drilling results below the existing open pit shell have been outstanding.

Why have we not heard more about the potential?  The problem is (was) that the mining operations to supply the heap leach process production hampered exploration drilling.  My research demonstrates that as they mined deeper into the pit at times they would set up an exploration drill and hit targets at depth.  The benches provided the drilling platform necessary.
Management was very prudent in the process as drilling from surface would be much more expensive...very nice!

Take a look at what they hit...outstanding!  They will have to turn the El Creston into an underground high grade mine or sell it outright to an entity close by who has an existing Mill Complex set up for underground mining ore.  It is presently a heap leach operation...not designed for underground mining.

I believe some time later this year they will begin to aggresively drill targets below the pit shell and the potential at depth, and at strike length is...again...outstanding!  Stay Tuned!

Argonaut Gold Drills High Grade Gold Veins Below the El Crestn Pit at its La Colorada Mine including 12.2 Metres at 98.9 g/t Gold and 30.3 g/t Silver and 21.3 Metres at 44.6 g/t Gold and 274.9 g/t Silver

APRIL 26, 2021

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TORONTO, April 26, 2021 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce it has discovered high grade gold veins below the El Crestn open pit at its La Colorada mine in Sonora, Mexico.   The high grade intercepts include:

• Drill hole 20-LCRC-592 intersected 12.2 metres at 98.9 g/t Au and 30.3 g/t Ag, including 3.0 metres of 383.0 g/t Au and 113.5 g/t Ag
   
• Drill hole 20-LCRC-562 intersected 21.3 metres at 44.6 g/t Au and 274.9 g/t Ag, including 3.0 metres of 283.1 g/t Au and 858.0 g/t Ag

Argonaut Gold Continues to Discover High Grade Gold Mineralization Below the El Crestn Pit at its La Colorada Mine including 4.6 Metres at 51.9 g/t Gold and 28.5 g/t Silver and 4.6 Metres at 17.4 g/t Gold and 29.0 g/t Silver

SEPTEMBER 13, 2021

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TORONTO, Sept. 13, 2021 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce it continues to discover high-grade gold mineralization in three distinct veins – North, Central and South – below the El Crestn open pit at its La Colorada mine in Sonora, Mexico. High-grade gold intercepts include:

• South Vein: Drill hole 21-LCRC-667 intersected 38.1 metres at 9.1 g/t Au and 126.6 g/t Ag, including 4.6 metres of 51.9 g/t Au and 28.5 g/t Ag
• North Vein: Drill hole 21-LCRC-657 intersected 29.0 metres at 3.62 g/t Au and 10.1 g/t Ag, including 4.6 metres of 17.4 g/t Au and 29.0 g/t Ag
• Central Vein: Drill hole 21-LCRC-673 intersected 22.9 metres at 6.7 g/t Au and 30.1 g/t Ag, including 1.5 metres of 90.0 g/t Au and 14.8 g/t Au

All the Best!
Digger0144