- Angus Gold (GUS) released fresh assay results from its drill program at the Golden Sky Project
- Results from 8 holes confirmed the extension of the strike length of the Dorset Gold Zone 500 metres to the east
- Hole GS-22-047 intersected 1.3 grams per tonne (g/t) over 52.0 metres, including 4.1 g/t over 12.0 metres
- Angus Gold Inc. (GUS) is unchanged, trading at C$0.96 at 10:25 am ET
Angus Gold (GUS) released fresh assay results from its drill program at the Golden Sky Project.
Results from 8 holes confirmed the extension of the strike length of the Dorset Gold Zone 500 metres to the east.
Hole GS-22-047 intersected 1.3 grams per tonne (g/t) over 52.0 metres, including 4.1 g/t over 12.0 metres. This hole will be used to guide ongoing exploration drilling to define the full strike length of the Au-mineralizing system at the Dorset Gold Zone. Hole GS-22-040, drilled at the eastern end of the Dorset Gold Zone, also intersected a thick interval of gold mineralization and returned an intercept of 1.5 g/t Au over 24.0 metres, including a high-grade interval of 6.1 g/t over 2.0 metres.
Angus’ Chief Executive Officer, Steve Burleton, described the results from this round of drilling on the Dorset Gold Zone as “exceptional” and indicates the potential to significantly increase its historic gold resources.
“We are seeing thick intersections of higher-grade gold mineralization that are substantially above resource grade. This suggests the potential for higher grade ore shoots like those seen in the Eagle River Mine approximately 5 kilometres to the south of Dorset, along a parallel shear. Based on the results to date, we have already mobilized a drill to the Dorset area and will begin a program of resource expansion drilling to continue through 2023. With more results coming in, we are confident that the Dorset resource will continue to grow and improve. We are also busy advancing other areas of the project, including our BIF gold discoveries and the new Splay Zone to the south of the BIF property. We continue to ramp up our exploration efforts on the Golden Sky project and look forward to even more success this year.”
Drilling on the Dorset Gold Zone has resumed for the winter 2023 season, and assays from an additional 15 exploration holes are still pending.
| Hole Number |
From (m) |
To (m) |
Length (m) |
Gold (g/t) |
Area |
| GS-22-31 |
assays pending |
Dorset West Exploration |
| GS-22-32 |
assays pending |
Dorset West Exploration |
| GS-22-33 |
205.7 |
206.7 |
1.0 |
0.6 |
Dorset West Exploration |
| GS-22-35 |
40.7 |
41.7 |
1.0 |
2.0 |
Dorset East Exploration
|
| GS-22-35 |
49.0 |
51.0 |
2.0 |
2.0 |
| GS-22-35 |
150.5 |
154.5 |
4.0 |
1.0 |
| including |
150.5 |
151.5 |
1.0 |
2.2 |
| GS-22-36 |
150.0 |
155.0 |
5.0 |
1.0 |
Dorset East Exploration
|
| including |
153.0 |
155.0 |
2.0 |
1.5 |
| GS-22-37 |
assays pending |
Dorset East Exploration |
| GS-22-38 |
assays pending |
Dorset |
| GS-22-39 |
assays pending |
Dorset |
| GS-22-40 |
105.0 |
129.0 |
24.0 |
1.5 |
Dorset
|
| including |
112.0 |
125.0 |
13.0 |
2.4 |
| including |
122.0 |
124.0 |
2.0 |
6.1 |
| GS-22-41 |
assays pending |
Dorset East Exploration |
| GS-22-42 |
91.00 |
92.50 |
1.5 |
0.7 |
Dorset West Exploration |
| GS-22-43 |
114.00 |
115.50 |
1.5 |
1.1 |
Dorset East Exploration |
| GS-22-44 |
assays pending |
Dorset West Exploration |
| GS-22-45 |
assays pending |
Dorset East Exploration |
| GS-22-47 |
152.5 |
204.5 |
52.0 |
1.3 |
Dorset East Exploration
|
| including |
154.5 |
173.5 |
19.0 |
2.7 |
| including |
157.5 |
169.5 |
12.0 |
4.1 |
| including |
164.5 |
166.5 |
2.0 |
8.4 |
| GS-22-48 |
assays pending |
Dorset East Exploration |
| GS-22-50 |
assays pending |
Dorset East Exploration |
| GS-22-51 |
assays pending |
Marten Zone |
| GS-22-53 |
assays pending |
Marten Zone |
| GS-22-54 |
93.00 |
94.00 |
1.0 |
1.8 |
Dorset
|
| GS-22-54 |
114.50 |
116.00 |
1.5 |
0.8 |
| GS-22-56 |
assays pending |
Dorset |
| GS-22-57 |
assays pending |
Dorset |
| GS-22-58 |
assays pending |
Dorset |
The Dorset Gold Zone contains a historic estimated resource consisting of an indicated resource of 40,000 ounces grading 1.4 g/t Au and an inferred resource of 180,000 ounces grading 1.2 g/t Au.
Angus Gold Inc. is a Canadian mineral exploration company focused on the exploration and development of highly prospective gold properties. The company’s flagship project is its 100 per cent owned Golden Sky Project in Wawa, Ontario.
Angus Gold Inc. (GUS) is unchanged, trading at C$0.96 at 10:25 am ET.