Argo Gold Inc https://argogold.ca Targetting multi-million ounce, high-grade gold discoveries Wed, 21 Oct 2020 17:39:51 +0000 en-CA hourly 1 https://wordpress.org/?v=5.5.1 Argo Gold Extends High-Grade Woco Vein at Uchi Gold Project https://argogold.ca/argo-gold-extends-high-grade-woco-vein-at-uchi-gold-project/ https://argogold.ca/argo-gold-extends-high-grade-woco-vein-at-uchi-gold-project/#comments_reply Thu, 15 Oct 2020 14:05:01 +0000 https://argogold.ca/?p=1481 Toronto, CANADA, October 15, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) has completed its expanded field exploration program at the Uchi Gold Project which included surface stripping and washing, mapping and diamond saw channel sampling…

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Toronto, CANADA, October 15, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) has completed its expanded field exploration program at the Uchi Gold Project which included surface stripping and washing, mapping and diamond saw channel sampling at Woco, the newly identified Woco South extension, Northgate, and Raingold.  Woco South was an anomaly identified by the 2019 biogeochemistry survey located 175 metres south of the known high-grade Woco Vein.  The 2020 field exploration program extended the length of the locally high-grade Woco vein from the previous known length of 70 metres the current length of 210 metres as a result of identifying the new Woco South extension.

Argo Gold has utilized the weather window to complete this expanded overburden stripping program in lieu of the planned drill program.  A follow-up drill program is planned for 2021.

Woco and Woco South

Detailed geological and structural mapping of the Woco and the Woco South veins has identified a shear zone with sinistral movement that contains a silica, carbonate, sericite, tourmaline, and biotite alteration halo, along with quartz veining with pyrite, sphalerite, chalcopyrite, galena and visible gold.  A total of 160 linear metres of diamond saw channel sampling has been completed at Woco and the newly identified Woco South extension and assays are pending.

Northgate

At Northgate, detailed geological and structural mapping has identified a 10 metre wide shear zone with intense carbonate, sericite and tourmaline alteration along with quartz-ankerite veining associated with disseminated pyrite, pyrrhotite, chalcopyrite, graphite and visible gold.  Field work along with drill core re-logging at Northgate has determined that Argo Gold’s 2019 drill hole AGN-19-13 intersected the eastern extension of the Northgate Zone expanding the known alteration halo to a strike length of 235 metres.  A total of 100 linear metres of diamond saw channel sampling has been completed at Northgate and assays are pending.

Raingold

Raingold is on the southern extension of the past-producing Grassett Mine tend known as the HST Zone which is a parallel mineralized trend west of the main Uchi trend.  Detailed mapping shows an iron formation acting as an iron buffer, resulting in siderite-ankerite alteration, and quartz-ankerite veining with a pyrite-pyrrhotite replacement texture.  The Raingold vein system was sampled in the summer 2019 field program and returned anomalous gold assays over 600 metres of strike length.  One of the continuous chips of five samples assayed 14.5 g/t Au across 2.6 metres at Raingold.  (Argo Gold PR, November 6 2019). During the 2020 field program, 60 linear metres of diamond saw channel sampling was completed and assays are pending.

Additional Exploration

Argo Gold is also planning a winter till and bedrock sampling program at other identified biogeochemistry anomalies and prospective sections of the known mineralized trends where there is no outcrop and bedrock is not accessible by overburden stripping.  One target area is the 400 metre long biogeochemistry anomaly where float has been identified with a siliceous clastic rock with fine disseminated and hair-line fracture-controlled pyrite, pyrrhotite and carbonate.  This anomaly is located a further 500 metres south of the Woco – Woco South zone.

Argo Gold’s first drill program in winter 2019 intersected high-grade gold at both the Woco Vein and the Northgate Shear Zone.  The Woco Vein and the Northgate Shear Zone are 2 kilometres apart on a 5 kilometre mineralized trend that is considered highly prospective.  The Summer 2019 Biogeochemistry Survey covered the main mineralized trend and identified multiple high priority anomalies proximal to the high-grade Woco vein and also identified additional new anomalies along the 5 kilometre strike length of the main mineralized trend (Argo Gold PR, October 28 2019).  West of the main mineralized trend, another mineralized trend – the HST Zone continues south of the Raingold vein system and is associated with several conductive zones in the southern part of the mineralized trend.

Economic Model

The Uchi Number 1 Gold Mine zone, on which the Uchi Mine #1 shaft was sunk, is reported to assay 0.31 oz/ton Au (10.6 g/t Au) over a length of 100 metres and a width of 9 metres (Bateman (1946) ODM ARV 48, pt 8) and remains the economic model for the Uchi Gold Property along the 5 km of strike length.

Bill Kerr, P.Geo, Exploration Geologist of Argo Gold, is the Qualified Person who has approved the scientific and technical disclosure in this news release.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration projects in central and northwestern Ontario.  Argo Gold recently added the Talbot Lake Gold Project to its portfolio.  (Argo Gold PR, June 11 2020).  All of Argo Gold’s projects are 100% owned by the company and its shareholders.  Information on Argo Gold can be obtained from SEDAR at www.sedar.com and on the Company’s website at www.argogold.ca.  Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) under the ticker ARQ, on the OTC under the ticker ARBTF and on the FSE under P3U.

For more information please contact:

Judy Baker, CEO

(416) 786-7860

jbaker@argogold.ca

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law.   Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

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Argo Gold Expands Exploration at the Uchi Gold Project https://argogold.ca/argo-gold-expands-exploration-at-the-uchi-gold-project/ https://argogold.ca/argo-gold-expands-exploration-at-the-uchi-gold-project/#comments_reply Wed, 09 Sep 2020 15:13:42 +0000 https://argogold.ca/?p=1456 Toronto, CANADA, September 9, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) has expanded its surface stripping and washing exploration program at the Uchi Gold Project.  Fieldwork to date has included stripping and washing areas of…

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Toronto, CANADA, September 9, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) has expanded its surface stripping and washing exploration program at the Uchi Gold Project.  Fieldwork to date has included stripping and washing areas of known mineralization – Woco, Northgate, and Raingold – and prospecting over anomalies identified in the Summer 2019 Biogeochemistry Survey.  Prospecting a biogeochemistry anomaly has identified siliceous tourmaline alteration in outcrop 175 metres south of Woco.  Siliceous tourmaline alteration occurs in the footwall of the high-grade Woco vein where the currently known surface expression is 70 metres.  Argo Gold is currently planning a second drill program to test a number of targets indicated by the 2019 and 2020 exploration programs.

Argo Gold’s first drill program in Winter 2019 intersected high-grade gold at both the Woco Vein and the Northgate Shear Zone.  The Woco Vein and the Northgate Shear Zone are 2 kilometres apart on a 5 kilometre mineralized trend that is considered highly prospective.  The Summer 2019 Biogeochemistry Survey covered the main mineralized trend and identified multiple high priority anomalies proximal to the high-grade Woco vein and also identified additional new anomalies along the 5 kilometre strike length of the main mineralized trend; (Argo Gold PR, October 28 2019).  West of the main mineralized trend, another mineralized trend – the HST Zone and the Raingold vein system – was sampled in the Summer 2019 field program and returned anomalous gold assays over 600 metres of strike length.  One of the continuous chips of five samples assayed 14.5 g/t Au across 2.6 metres at Raingold.  (Argo Gold PR, November 6 2019).

Argo Gold is pleased to announce that Josh Pelletier, MSc, P.Geo and SEG fellow has joined the company.  Mr. Pelletier has over 20 years of experience in exploration; specializing in gold and silver deposits including epithermal deposits and narrow high-grade gold vein deposits.  Mr. Pelletier has an Honours B.Sc. Geology 2002 (UQAM) and M.Sc. Geology 2016 (UQAM).  Argo Gold also announces that Mr. Bryan Wilson has stepped down from the board of directors.

Argo Gold announces that it has granted an aggregate of 400,000 options to purchase common shares of the Company exercisable at a price of $0.21 per share and expiring on September 8, 2023 to consultants of the Company.  Further to its press release of August 17, 2020, the company also announces that it has cancelled the proposed debt settlement.

Bill Kerr, P.Geo, Exploration Geologist of Argo Gold, is the Qualified Person who has approved the scientific and technical disclosure in this news release.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration projects in central and northwestern Ontario.  Argo Gold recently added the Talbot Lake Gold Project to its portfolio.  (Argo Gold PR, June 11 2020).  All of Argo Gold’s projects are 100% owned by the company and its shareholders.  Information on Argo Gold can be obtained from SEDAR at www.sedar.com and on the Company’s website at www.argogold.ca.  Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) under the ticker ARQ, on the OTC under the ticker ARBTF and on the FSE under P3U.

For more information please contact:

Judy Baker, CEO

(416) 786-7860

jbaker@argogold.ca

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law.   Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

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Argo Gold Corporate Update https://argogold.ca/argo-gold-corporate-update-3/ https://argogold.ca/argo-gold-corporate-update-3/#comments_reply Wed, 19 Aug 2020 17:49:09 +0000 https://argogold.ca/?p=1390 Toronto, CANADA, August 17, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) is pleased to announce that Reinhard Schu has joined the board of directors.  Mr. Schu is an international lawyer, investor and entrepreneur. He grew…

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Toronto, CANADA, August 17, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) is pleased to announce that Reinhard Schu has joined the board of directors.  Mr. Schu is an international lawyer, investor and entrepreneur. He grew up in Germany, before moving to London in the mid-1990s.  During his 23-year legal career he has spent time working in the UK, the USA, India and Japan working on corporate and finance transactions and negotiating commercial contracts.  Mr. Schu has been an active investor in the precious metals and junior exploration and mining sectors for 20 years and has an extensive investor network in the UK.  He has served on the boards of several investee companies.  Mr. Schu will contribute his expertise in corporate governance, M&A transactions and investor communications to the Company.

Argo Gold also announces that it has granted an aggregate of 400,000 options to purchase common shares of the Company exercisable at a price of $0.­­27 per share and expiring on August 16, 2023 to a director and a consultant of the Company.

The company also announces that it has agreed to settle an aggregate of $135,000 of indebtedness of the Company with various arm’s length and non-arm’s length creditors through the issuance of an aggregate of 500,000 common shares (“Common Shares”) at a price of $0.27 per Common Share.

The Common Shares issued pursuant to the debt settlement will be subject to a four month and one day hold period pursuant to applicable securities laws.

The shares for debt transaction constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) an insider of the Company will receive 100,000 Common Shares of the Company in connection with the debt settlement.  The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the shares for debt transaction with the insider does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.  The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the debt settlement, which the Company deems reasonable in the circumstances as the Company wishes to improve its financial position by reducing its existing liabilities.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration projects in central and northwestern Ontario.  Argo Gold recently added the Talbot Lake Gold Project to its portfolio.  (Argo Gold PR, June 11 2020).  All of Argo Gold’s projects are 100% owned by the company and its shareholders.  Information on Argo Gold can be obtained from SEDAR at www.sedar.com and on the Company’s website at www.argogold.ca.  Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) under the ticker ARQ, on the OTC under the ticker ARBTF and on the FSE under P3U

For more information please contact:

Judy Baker, CEO

(416) 786-7860

jbaker@argogold.ca

 

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law.   Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

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Argo Gold Commences Exploration at its Uchi Gold Project https://argogold.ca/argo-gold-commences-exploration-at-its-uchi-gold-project/ Wed, 29 Jul 2020 15:20:09 +0000 https://argogold.ca/?p=991 Toronto, CANADA, July 29, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) has commenced exploration at its Uchi Gold Project located 70 kilometres east of Red Lake, Ontario.  Argo Gold’s first drill program intersected 132 g/t…

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Toronto, CANADA, July 29, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) has commenced exploration at its Uchi Gold Project located 70 kilometres east of Red Lake, Ontario.  Argo Gold’s first drill program intersected 132 g/t Au over 1.8 metres at the high-grade Woco Vein and 34.4 g/t Au over 0.5 metres at the Northgate Shear Zone.  The Woco Vein and the Northgate Shear Zone are 2 kilometres apart on a 5 kilometre mineralized trend that is considered highly prospective.  The Summer 2019 Biogeochem Survey covered the main mineralized trend and identified multiple high priority anomalies proximal to the high-grade Woco vein and also identified additional new anomalies along the 5 kilometre strike length of the main mineralized trend; (Argo Gold PR, October 28 2019).  West of the main mineralized trend, another mineralized trend – the HST Zone and the Raingold vein system – was sampled in the Summer 2019 field program and returned anomalous gold assays over 600 metres of strike length.  One of the continuous chips of five samples assayed 14.5 g/t Au across 2.6 metres at Raingold.  (Argo Gold PR, November 6 2019).

Argo Gold has commenced field work and is carrying out mechanical stripping and hydraulic washing at areas of known high-grade gold mineralization and identified anomalies for geological and structural mapping for a planned follow-on Summer 2020 drill program.

Bill Kerr, P.Geo, Exploration Geologist of Argo Gold, is the Qualified Person who assumes responsibility for the technical disclosures in this news release.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration projects in central and northwestern Ontario.  Argo Gold recently added the Talbot Lake Gold Project to its portfolio.  (Argo Gold PR, June 11 2020).  All of Argo Gold’s projects are 100% owned by the company and its shareholders.  Information on Argo Gold can be obtained from SEDAR at www.sedar.com and on the Company’s website at www.argogold.ca.  Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) under the ticker ARQ, on the OTC under the ticker ARBTF and on the FSE under P3U.

For more information please contact:

Judy Baker, CEO

(416) 786-7860

jbaker@argogold.ca

 

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law.   Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

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Argo Gold Acquires Talbot Lake Gold Project https://argogold.ca/argo-gold-acquires-talbot-lake-gold-project/ Thu, 11 Jun 2020 15:50:37 +0000 https://argogold.ca/?p=947 Toronto, CANADA, June 11, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) has entered into a mining claim acquisition agreement with Denison Mines Inc. (“Denison”) pursuant to which Argo Gold can acquire a 100% interest certain…

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Toronto, CANADA, June 11, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) has entered into a mining claim acquisition agreement with Denison Mines Inc. (“Denison”) pursuant to which Argo Gold can acquire a 100% interest certain mineral claims located near Talbot Lake, in the Pickle Lake area of the Patricia Mining District in exchange for an aggregate of $135,000 cash and 1,350,000 common shares of the Company and the grant of a 2% net smelter return on the property (with a 1% buyback for $1,000,000).  In addition, if Argo Gold establishes an aggregate mineral resource (in all categories) on the Talbot Lake Gold Project of greater than 1 million ounces of gold or gold equivalent using the CIM Definition Standards on Mineral Resources adopted by CIM Council and reported in accordance with National Instrument 43-101, the Company will make a one-time payment to Denison of $1,500,000 in cash or common shares which equates to $1.50 per ounce of gold resource.  The mineral claims are also subject to the Bruce Royalty which is 3% of exploration expenses to a maximum of $245,180; and $100,000 owing on a production decision.  The acquisition of the mineral claims is subject to receipt of regulatory approval and the common shares issuable thereunder will be subject to a statutory hold period of four months and one day from the date of issuance.

The Talbot Lake Gold Project consists of 760 hectares underlain by a sequence of tholeiitic to komatiitic basalt containing several unexplored iron formations, and one partially-explored high grade vein-type gold deposit.  In addition to this acquisition, Argo Gold has staked an additional 399 claim units for a total of 7,982 hectares covering the geological strike extension of the Talbot Lake Gold Project.  Argo Gold now controls a total of 23 line kilometres of iron formation containing very high-quality exploration targets for additional gold mineralization.

Talbot Lake was identified in the early 1980’s by a belt-scale litho-geochemical exploration program targeting banded iron formations throughout the Pickle and Red Lake greenstone belts by Dome Exploration (Canada) Limited.  Identified targets included: Opapamiskan Lake (the future Musslewhite Mine), Dona Lake (the future Dona Lake Mine), and Talbot Lake.  Ground prospecting at Talbot Lake identified a high-grade gold quartz vein on the property which became the focus of exploration efforts.  The vein itself is hosted in tholeiitic to komatiitic basalts and has been channel sampled on surface for a length of 48 metres over an average width of 3.28 metres for an uncut grade of 13.8 grams per tonne gold; and the vein was drilled to a depth of 200 metres.  Denison acquired the property in 1998 and further drilling extended the vein continuity to a depth of 250 metres.  Denison also performed down hole orientation surveys on several of the Dome drill holes and determined that the auriferous vein, based on pierce points, was increasing in strike length at depth.  Denison briefly optioned the property to Abbastar Resources who carried out a drill program and noted in the press release that gold mineralization occurred in both quartz vein host and iron formation host rocks.

Argo Gold’s exploration work during 2020 will consist of consultations with First Nations, basic geological mapping of the iron formation, GPS relocation of the diamond drill holes, and digital compilation of historical exploration data including geological and airborne surveys (Ontario Geological Survey Map P3763 and AMAG/AEM GDS 1108B).  The recent and historical ground magnetic surveys identified strong disruption of the magnetic fabric likely due to faulting and/or demagnetization (Dome Exploration, OGS Assessment Files).  Argo Gold plans to reprocess and interpret both the OGS GeoTEM AEM/AMAG survey over the property to target areas looking for these characteristics along the iron formation.  Bill Kerr, P.Geo, Exploration Geologist of Argo Gold, is the Qualified Person who assumes responsibility for the technical disclosures in this news release.

Corporate Update

Argo Gold is pleased to announce that Chris Wardrop and Jonathan Armes have joined the Board of Directors.  Mr. Wardrop has over 20 years business and real estate experience and understands the positive economic impact of the resource sector.  He is a lawyer with Poulson Law, a law firm in Sudbury, Ontario and is a member in good standing with the Law Society of Ontario.  Mr. Armes has been the President of MinKap Resources Inc. since February of 2016.  He previously served as the President and Chief Executive Officer of ALX Uranium Corp. (formerly, Lakeland Resources Inc.) from 2010 to 2016.  Jonathan has provided corporate development and investor relations consulting services to both public and private mining exploration companies for over 20 years. He graduated from the University of Guelph in 1993 with a Bachelor of Applied Science Degree.

Pedro Villigran Garcia has been appointed Vice-President, Argo Gold.  Mr. Villigran Garcia is an Engineer and an MBA that has been involved in the mining industry for two decades.  Mr. Villagran Garcia assists the company on various corporate fronts including the social media platform to generate market awareness.

Argo Gold also announces that it has granted an aggregate of 400,000 options to purchase common shares of the Company exercisable at a price of $0.165 per share and expiring on June 9, 2023 to directors of the Company.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration projects in central and northwestern Ontario.  Argo Gold’s flagship Uchi Gold Project is comprised of 22 km2 of multiple mineralized trends and widespread gold mineralization.  High grade gold intercepts from the Company’s winter 2019 drilling program include 132 g/t Au over 1.8 metres at the Woco Vein.   All of Argo Gold’s projects are 100% owned by the company and its shareholders.  Information on Argo Gold can be obtained from SEDAR at www.sedar.com and on the Company’s website at www.argogold.ca.  Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) under the ticker ARQ, on the OTC under the ticker ARBTF and on the FSE under P3U.

For more information please contact:

Judy Baker, CEO

(416) 786-7860

jbaker@argogold.ca

 

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law.   Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

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Argo Gold Update https://argogold.ca/argo-gold-update-april-16/ Thu, 16 Apr 2020 14:11:51 +0000 http://argogold.ca.previewmysite.com/?p=808 Toronto, CANADA, April 16, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) advises that all Company contractors are working remotely and practicing physical distancing as per the Ontario Ministry of Health COVID-19 Guidance.  The Argo Gold…

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Toronto, CANADA, April 16, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) advises that all Company contractors are working remotely and practicing physical distancing as per the Ontario Ministry of Health COVID-19 Guidance.  The Argo Gold Team expresses its gratitude and appreciation to all the front-line workers in healthcare and essential services that are working to keep everyone safe and the supply chains open.

Argo Gold continues to advance the company during these unprecedented times.  The Argo Gold exploration team – which was recently expanded to include Ken Williamson – continues to advance the flagship Uchi Gold Project and is planning for both a summer field exploration program and a follow-on drill program.  Argo Gold also has 3 gold projects peripheral to Wesdome’s operations in Wawa.  Drill targeting has also begun at the Abbie Lake Gold Project where historic drilling includes 4.5 feet of 0.45 oz/ton Au and 3 feet of 0.34 oz/ton Au.

Argo Gold also announces that it has granted an aggregate of 400,000 options to purchase common shares of the Company exercisable at a price of $0.15 per share and expiring on April 16, 2023 to consultants of the Company.

https://www.newsfilecorp.com/release/54521/Argo-Gold-Update

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration projects in central and northwestern Ontario.  Argo Gold’s flagship Uchi Gold Project is comprised of 22 km2 of multiple mineralized trends and widespread gold mineralization.  High grade gold intercepts from the Company’s winter 2019 drilling program include 132 g/t Au over 1.8 metres at the Woco Vein.   All of the Company’s projects are 100% owned and have the potential for economic mineralization.  Information relating to the Company and its properties can be obtained from SEDAR at www.sedar.com and on the Company’s website www.argogold.ca.  Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) under the ticker ARQ and on the OTC under the ticker ARBTF.

For more information please contact:

Judy Baker
CEO
This email address is being protected from spambots. You need JavaScript enabled to view it.

(416) 786-7860


NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law.   Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

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Argo Gold Update https://argogold.ca/argo-gold-update/ Fri, 27 Mar 2020 22:00:12 +0000 http://argogold.ca.previewmysite.com/?p=302 Toronto, CANADA, March 27, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) announces that Peter Mah has resigned as President and Director to pursue other opportunities.  The Company would like to thank Mr. Mah for his…

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Toronto, CANADA, March 27, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) announces that Peter Mah has resigned as President and Director to pursue other opportunities.  The Company would like to thank Mr. Mah for his service and wishes him well in his future endeavours.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration projects in central and northwestern Ontario.  Argo Gold’s flagship Uchi Gold Project is comprised of 22 km2 of multiple mineralized trends and widespread gold mineralization.  High grade gold intercepts from the Company’s winter 2019 drilling program include 132 g/t Au over 1.8 metres at the Woco Vein.   All of the Company’s projects are 100% owned and have the potential for economic mineralization.  Information relating to the Company and its properties can be obtained from SEDAR at www.sedar.com and on the Company’s website www.argogold.ca.  Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) under the ticker ARQ and on the OTC under the ticker ARBTF.

For more information please contact:

Judy Baker
CEO
This email address is being protected from spambots. You need JavaScript enabled to view it.

(416) 786-7860



NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law.   Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

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Argo Gold Announces Shares for Debt https://argogold.ca/argo-gold-announces-shares-for-debt/ Tue, 18 Feb 2020 23:00:31 +0000 http://argogold.ca.previewmysite.com/?p=298 Toronto, CANADA, February 18, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) announces that it has agreed to settle an aggregate of $137,500 of indebtedness of the Company with various arm’s length and non-arm’s length creditors…

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Toronto, CANADA, February 18, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) announces that it has agreed to settle an aggregate of $137,500 of indebtedness of the Company with various arm’s length and non-arm’s length creditors through the issuance of an aggregate of 1,100,000 common shares (“Common Shares”) at a price of $0.125 per Common Share.

The Common Shares issued pursuant to the debt settlement will be subject to a four month and one day hold period pursuant to applicable securities laws.

The shares for debt transaction constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as insiders of the Company will receive 400,000 Common Shares of the Company in connection with the debt settlement.  The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the shares for debt transaction with the insider does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.  The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the debt settlement, which the Company deems reasonable in the circumstances as the Company wishes to improve its financial position by reducing its existing liabilities.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration projects in central and northwestern Ontario.  Argo Gold’s flagship Uchi Gold Project is comprised of 22 km2 of multiple mineralized trends and widespread gold mineralization.  High grade gold intercepts from the Company’s winter 2019 drilling program include 132 g/t Au over 1.8 metres at the Woco Vein.   All of the Company’s projects are 100% owned and have the potential for economic mineralization.  Information relating to the Company and its properties can be obtained from SEDAR at www.sedar.com and on the Company’s website at www.argogold.ca.  Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) under the ticker ARQ and on the OTC under the ticker ARBTF.

For more information please contact:

Judy Baker
Chief Executive Officer and Director
This email address is being protected from spambots. You need JavaScript enabled to view it.

(416) 786-7860



NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

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Argo Gold Builds Team https://argogold.ca/argo-gold-builds-team/ Thu, 13 Feb 2020 23:00:56 +0000 http://argogold.ca.previewmysite.com/?p=300 Toronto, CANADA, February 13, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) is pleased to announce that it has retained Kenneth Williamson (M.Sc., P.Geo) as a Consultant to Argo Gold.  Mr. Williamson is a professional geologist…

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Toronto, CANADA, February 13, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) is pleased to announce that it has retained Kenneth Williamson (M.Sc., P.Geo) as a Consultant to Argo Gold.  Mr. Williamson is a professional geologist with over 15 years of experience in the gold mining industry.  Kenneth graduated from the University of Laval with a Masters Degree in Structural Geology, in 2002. From 2004-2010, Kenneth worked as a Special Projects Geologist at the Goldcorp Red Lake Gold Mines, where he developed a strong interest in integrating his structural geology expertise and mapping skills into 3D geological models. Kenneth has been, amongst other tasks, in charge of the elaboration of both the unified Campbell-Red Lake deposit-scale and Red Lake district-scale 3D litho-structural models.  In 2010, Kenneth accepted a job for the “Bureau de l’Exploration Géologique du Québec” (BEGQ) where he had the opportunity to work on a regional mapping campaign in the Matagami area which culminated with the elaboration of the Matagami district scale 3D model. From 2011 to 2013, Kenneth took the position of Project Geologist with InnovExplo, a Val-d’Or-based consulting firm, where he developed his Mineral Resource Estimate skills. Late in 2013, Kenneth joined Premier Gold Mines first as a Senior Geologist and later as the Manager of the Technical Services, where he was responsible for providing geological, modelling and resource estimate expertise to various project teams. In 2017, Kenneth returned to the consulting business and joined up with MRB & Associates, another Val-d’Or based consulting firm.

Since September 2018, Kenneth is an independent geological consultant (operating under Kenneth Williamson 3DGeo-Solution) and is providing structural geology expertise, as well as 3D litho-structural modelling and integrated Mineral Resource Estimate solutions to various clients.

Argo Gold also announces that, effective February 13, 2020, it has granted an aggregate of 1,400,000 options to purchase common shares of the Company exercisable at a price of $0.15 per share and expiring on February 13, 2023 to a director, officer and consultants of the Company.  The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration projects in central and northwestern Ontario.  Argo Gold’s flagship Uchi Gold Project is comprised of 22 km2 of multiple mineralized trends and widespread gold mineralization.  High grade gold intercepts from the Company’s winter 2019 drilling program include 132 g/t Au over 1.8 metres at the Woco Vein.   All of the Company’s projects are 100% owned and have the potential for economic mineralization.  Information relating to the Company and its properties can be obtained from SEDAR at www.sedar.com and on the Company’s website at www.argogold.ca.  Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) under the ticker ARQ and on the OTC under the ticker ARBTF.

For more information please contact:

Judy Baker
Chief Executive Officer and Director
This email address is being protected from spambots. You need JavaScript enabled to view it.

(416) 786-7860



NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

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Argo Gold Closes Financing https://argogold.ca/argo-gold-closes-financing/ Fri, 07 Feb 2020 23:00:09 +0000 http://argogold.ca.previewmysite.com/?p=305 Toronto, CANADA, February 7, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) is pleased to announce that it has closed its previously announced non-brokered private placement of 11,200,000 units (“Units”) at a price of $0.09 per…

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Toronto, CANADA, February 7, 2020 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) is pleased to announce that it has closed its previously announced non-brokered private placement of 11,200,000 units (“Units”) at a price of $0.09 per Unit for gross proceeds of $1,008,000 (the “Offering”).

Each Unit consists of one common share (a “Common Share”) of the Company and one common share purchase warrant (a “Warrant”) with each Warrant entitling the holder thereof to purchase a Common Share at an exercise price of $0.12 for a period of thirty-six (36) months.  All securities issued under the Offering are subject to a four-month and one day statutory hold period.

Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 11,200,000 Units for a total consideration of $1,008,000. Following the completion of the private placement, Mr. Sprott beneficially owns and controls 11,200,000 Common Shares and 11,200,000 Warrants of the Company representing approximately 22.2% of the issued and outstanding Common Shares of the Company on a non-diluted basis and approximately 36.4% of the issued and outstanding Common Shares on a partially diluted basis. Prior to the Financing, Mr. Sprott did not beneficially own or control any shares of the Company.  The Units were acquired by Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Argo Gold including on the open market or through private acquisitions or sell securities of Argo Gold including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.  A copy of Sprott’s early warning report will appear on Argo Gold’s profile on SEDAR and may also be obtained by calling Mr. Sprott’s office at (416) 945-3294 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J2).

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company, focused on gold exploration projects in central and northwestern Ontario.  Argo Gold’s flagship Uchi Gold Project is comprised of 22 km2 of multiple mineralized trends and widespread gold mineralization.  High grade gold intercepts from the Company’s winter 2019 drilling program include 132 g/t Au over 1.8 metres at the Woco Vein.   All of the Company’s projects are 100% owned and have the potential for economic mineralization.  Information relating to the Company and its properties can be obtained from SEDAR at www.sedar.com and on the Company’s website at www.argogold.ca.  Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) under the ticker ARQ and on the OTC under the ticker ARBTF.

For more information please contact:

Judy Baker
Chief Executive Officer and Director
This email address is being protected from spambots. You need JavaScript enabled to view it.

(416) 786-7860


NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.


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