Argo Gold is focused on high-grade gold exploration projects in northwestern and central Ontario that have indications of economic viability. The greenstone belts west of the Abitibi are grossly underexplored yet the Red Lake camp has produced for 100 years and the Wawa area gold mines have recently generated two billion dollar companies. All of Argo Gold’s projects are 100% owned by Argo Gold and its shareholders.
The flagship Uchi Gold Project in the Red Lake District is 22 square kilometres of multiple mineralized trends and high-grade gold mineralization including the Woco Vein where the 2019 drill intercepts include 132 g/t Au over 1.8 metres. Argo Gold’s Uchi Gold Project and Great Bear’s Dixie Gold Project are both in the Confederation volcanics peripheral to the same major crustal break structure.
Argo Gold also has three gold projects in the Wawa area peripheral to Wesdome’s gold mining operations. Historical drilling at the Abbie Lake Gold Project includes 0.45 oz/ton Au over 4.5 feet and 0.34 oz/ton Au over 3 feet. Surface channel sampling completed by Argo Gold at Macassa Creek in conjunction with historical drill results indicate the project has the potential to be viable in both low-grade open pit and high-grade underground mine scenarios – particularly given the proximity to local mills.
Argo Gold currently has 51.5 M shares outstanding and trades as ARQ on the CSE. As a result of the last financing, Eric Sprott is now the largest shareholder of Argo Gold with a 22% interest. The current $5 million market capitalization is an intriguing opportunity.
Why Invest in Argo Gold
Argo Gold is the 100% owner of six high-grade gold projects in northwestern and central Ontario.
2019 drill results include 132 g/t Au over 1.8 metres at the flagship Uchi Gold Project in the Red Lake District.
As a result of the last financing, Eric Sprott is now the largest shareholder of Argo Gold with a 22% interest.
Argo Gold (CSE: ARQ) has 51.5 M shares outstanding and a market capitalization of $5 million.