Argo Gold has staked the Keelow Lake Property consisting of 45 claim units covering 945 hectares in the Sault Ste. Marie Mining Division. The newly acquired claims are 100% owned by Argo Gold.
The Keelow Lake Propertyis situated in granitoid rocks and metasediments immediately north of the Montreal River Fault and north of the Batchewana Greenstone Belt. The area has been interpreted as the southwest extension of the Kapuskasing Structure. The lakes underlying the claims reflect a cluster of anomalous cobalt in lake sediment ranging from 40 to 105 ppm cobalt and are in the >99 percentile of the population of samples taken in the survey (Hamilton and Fortescue, OGS MRD009-REV, 2007).
Follow-up exploration is warranted in the Keelow Lake area due to the anomalous cobalt in lake sediments within a small watershed and the lack of detailed geological mapping, geophysics and historical work.