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Angus Gold Inc V.GUS

Angus Gold Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of prospective gold properties. Its flagship project is the Golden Sky Project in Wawa, Ontario. The Project is immediately adjacent to the Eagle River Mine of Wesdome Gold Mines Ltd. (Wesdome). The 100%-owned Golden Sky Project is located within the Mishibishu Lake Greenstone Belt of Northern Ontario. Its 261-square-kilometres land package is located approximately 50 kilometers (km) west of the town of Wawa and is situated immediately between the two Wesdome mines. The project is host to the near-surface Dorset Gold Zone. Its Slate Bay Project is an exploration property prospective for a copper-gold-silver skarn mineralized system located in the Red Lake gold mining district in Ontario. The property is located 10 km north of the town of Red Lake, Ontario, and consists of the eight patented mining claims in southern McDonough Township within the Red Lake gold camp.


TSXV:GUS - Post by User

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  • Betteryear2X
Post by Betteryear2on Jun 07, 2023 7:45pm
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Post# 35485510

Angus Gold Intersects More High-Grade Intervals

Angus Gold Intersects More High-Grade Intervals

Highlights:

  • Winter 2023 infill drilling program at the Dorset Zone intersected significant gold mineralization including 5.1 g/t Au over 8.0 metres within a broader zone of 2.8 g/t Au over 16.0 metres and 3.4 g/t Au over 6.0 metres within a wider interval of 2.2 g/t Au over 16.0 metres
  • Nine (9) of the final fifteen (15) winter drill holes were completed as infill holes on the Dorset Zone resource area and all holes intersected gold mineralization
  • The 2023 Summer drilling program focused on the Banded Iron Formation is scheduled to begin on June 8th and will test new exploration targets generated by the extensive ground geophysics programs completed earlier this year

TORONTO, June 07, 2023 (GLOBE NEWSWIRE) -- Angus Gold Inc. (TSX-V: GUS | OTC: ANGVF) (“Angus” or the “Company”) is pleased to announce assay results from the final (15) fifteen holes of its winter 2023 drill program at the Golden Sky Project in Wawa, Ontario. Nine of the fifteen holes were drilled as infill holes at 25-metre spacing within the historic resource area and were planned to test for the potential of high-grade ore shoots within the Dorset Gold Zone based on a newly interpreted geologic model. Results from all nine (9) holes were successful at intersecting Dorset style Au mineralization within the Dorset Zone resource area and in some areas has significantly improved upon the historic drilling results, including GS-23-73, which intersected 2.8 g/t Au over 16.0 metres, including 5.1 g/t Au over 8.0 metres, and GS-23-72, which returned an interval of 2.2 g/t Au over 16.0 metres including 3.4 g/t Au over 6.0 metres and 5.6 g/t Au over 1.0 metre. Additionally, three (3) holes and one (1) drillhole extension were completed on the Dorset East strike extension area with hole GS-23-77 intersecting 1.0g/t Au over 10.0 meters. Results from the winter drilling continue to help delineate new areas of Dorset-style mineralization.

Angus Gold Intersects More High-Grade Intervals of up to (globenewswire.com)

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