Angus Gold Inc V.GUS

Angus Gold Intersects Additional High-Grade Intervals

[Betteryear2]

Highlights:

• Three (3) infill drill holes were completed along the new Dorset East strike extension and continue to confirm that the Dorset Gold Zone is a larger, and higher-grade, gold system than was previously understood
• Results continue to intersect a consistent, mineralized system along the 1.7 kilometres of newly defined strike length:
  • 3.8 metres of mineralization grading 5.32 g/t Au, including 2.7 metres of 6.83 g/t Au in Hole GS23-093;
  • 4.5 metres of 1.7 g/t Au in Hole GS23-097;
• Assays expected shortly for surface work on the Banded Iron Formation (“BIF”) gold zone as part of the Summer 2023 program
• Fall drilling program on new gold targets just north of Wesdome’s Eagle River Mine to commence this month

TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Angus Gold Inc. (TSX-V: GUS | OTC: ANGVF) (“Angus” or the “Company”) is pleased to announce assay results from the final (3) three holes of its summer 2023 drill program at the Golden Sky Project in Wawa, Ontario. The three holes were drilled as part of an infill drill program along the newly discovered eastern extension of the Dorset Gold Zone. Results from all three (3) holes were successful at intersecting Dorset style gold mineralization along the newly defined eastern trend of the deposit. The holes were planned specifically to help understand the orientation of the eastern strike extension of the Dorset Zone, and were targeted using Angus’ structural interpretation. The results from holes GS23-093, which intersected 5.32 g/t Au over 3.8 metres, and GS23-097, which intersected 1.7 g/t Au over 4.5 metres, were particularly encouraging because they confirmed the continued presence of the Au zone and can be coupled with results from GS22-047 to better understand its orientation.

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