- Argo Gold (CSE:ARQ) receives permit to begin drilling at its Talbot Lake Gold Project
- The project includes 8,742 hectares of mineral claims covering known high-grade gold mineralization
- There is also a 23-line kilometre strike length of basalts with iron formations that contains high-quality exploration targets for gold mineralization
- The company acquired the project in June 2020
- Shares of Argo Gold (ARQ) are unchanged at C$0.10 as of 11:30 a.m. EDT
Argo Gold (ARQ) receives drilling permit for its 100 per cent owned Talbot Lake Gold Project in Ontario.
The project includes 8,742 hectares of mineral claims that have high-grade gold mineralization and 23-line kilometre strike length of basalts with iron formations that include high-quality exploration targets for gold mineralization.
The company first acquired the property in June 2020 and followed up with a detailed review, and exploration planning and submitted permitting documentation later that year.
According to a historical NI-43-101 estimate, there is roughly 50,000 ounces at 14 grams per ton (g/t) gold based on drilling to 200 metres.
Now that the company has received its drilling permit, Argo’s exploration program at the property will include basic geological mapping of the iron formation, GPS relocation of the diamond drill holes, an airborne survey and a revised focus on the folded iron formation.
Shares of Argo Gold (ARQ) are unchanged at C$0.10 as of 11:30 a.m. EDT.