(Map via Argo Gold Inc. Click to enlarge.)
Argo Gold Inc. (CSE: ARQ, Forum) stated on Monday that it had identified a gold mineralized extension at the Raingold and HST Zone at its Uchi Gold Project.
The project is in the Red Lake District of Ontario and the HST Zone is a parallel mineralized trend located one kilometre west of the main Uchi - Northgate gold mineralized trend at the Uchi Gold Project.
The mineral exploration and development company is focused on gold exploration at the Uchi Gold Project in the Red Lake District. In late 2021, Argo Gold also completed overburden stripping and washing for 280 metres south of the high-grade Raingold area along the near vertical HST Zone following quartz veining and sulphide mineralization along the sheared break. The Fall 2021 channel samples are shown on the Raingold map above where the best intercept is 15.4 g/t Au over 0.9 metres.
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Last week, the company announced that it had staked copper exploration mineral claims in the
Marshall Lake Area located 250 kilometres north of Thunder Bay, Ontario.
The four claim blocks cover 50 square kilometres that is prospective for copper mineralization indicated by known sulphide mineralization present in the area Marshall assemblage.
The SW Claim Block is on the NE -SW trend line of local faults and is possibly down dip of the east dipping F2 fold.
The North Claim Block is underlain by the Marshall assemblage, multiple faults, the F1 fold and the gabbroic intrusion associated with known mineralization in the camp.
The East Claim Block covers the F2 fold extension associated with the trend of notable VTEM anomalies.
The SE Claim Block has historic drill holes intersecting the lithology like Marshall Lake including sulphides with 12 historic assessment reports assaying for nickel and copper.