Angela Lake Gold Project

Argo Gold acquired nine claim units totaling 1.7 square kilometres near Angela Lake at the north end of the Birch Uchi greenstone belt in the Red Lake Mining Division in the Spring of 2018. Very localized gold in basal till was discovered in the 1970’s in an area with very little outcrop. Further exploration in the 1980’s resulted in the discovery of boulders with visible gold, to 0.5 cm diameter on a cut surface, hosted within thin quartz veinlets in a metasedimentary host rock. Initial drilling in the 1980’s encountered 0.3 metres of 3.7 g/t, and confirmed that the metasedimentary host rock encountered in drilling was identical to the boulders hosting the high-grade mineralization. Argo Gold believes follow-up exploration activity is warranted at the Angela Lake Gold Project to better define the structure, geology and mineralization. Initial field work is planned for the upcoming field season.