Argo Gold Exploration Update - 28-Oct-19
ARGO GOLD INC.
350 Bay Street, Suite 700
Toronto, Ontario M5H 2S6
FOR IMMEDIATE RELEASE S/O: 38,007,249
Argo Gold Identifies Numerous Anomalous Geochemical Results at Uchi Gold
Project, Red Lake District
Toronto, CANADA, October 28, 2019 – Argo Gold (the “Company” or “Argo Gold”, CSE: ARQ) is
pleased to announce anomalous results from a detailed geochemical sampli ng survey on the
Woco Property in the Birch -Uchi area, east of Red Lake in Northwestern Ontario, carried out
during July and August, 2019 The program was designed to expand to property scale a
geochemical “case history” orientation survey, carried out in May, which successfully responded
to the Woco vein mineralization and potential southern strike extension. During the current
work, Argo fiel d crews sampled the Uchi Gold “Corridor” along its 5 km length, with over 950
field samples collected.
Multiple gold deposits associated with the “Corridor” (including the previous producer Uchi Lake
Mine) to the north of Argo's claim boundary were all discovered in outcrop. As there is very little
or no outcrop over the trace of the Corridor to the south, on Argo' s property, a vegetation
geochemistry survey was recommended by Argo's geochemical consultant, based on his
extensive experience in similar outcrop-poor glacial terranes in northern Canada and Scandinavia
(Argo Press Release, July 25, 2019). Favourable r esults were received from this orientation
survey, designed and carried out by the consultant assisted by Woco field staff over the high -
grade Woco vein within the Uchi Gold “Corridor”.
Work during the subsequent property-scale program by Argo field sta ff involved the collection of
955 field samples, including duplicates. A further 50 samples were composed of controls, or
standards. Approximately five kilometres of strike length, consisting of a 600 metre wide swath
bracketing the Corridor was sampled on a 60 metre x 60 metre diamond pattern and samples of
Black Spruce Bark were collected from each sample site.
Over fifty elements were an alyzed (by ICP -MS after ashing and aqua regia digestion), with gold
and pathfinder elements Ag, As, Bi, Cd, Cu, Fe, In, and Mn being selected for both primary and
statistical evaluation. Anomalous threshold levels for each element were then selected by
probability plots and the results were presented as scaled symbols. The ranking system was then
developed and evaluated as follows;
Priority 1 Multiple gold anomalies with accessory pathfinder element responses.
Priority 2 Isolated gold values with accessory pathfinder, or multiple gold anomalies
with muted pathfinder responses
Priority 3 Gold anomaly, no associated pathfinder response
Priority 4 Pathfinder anomaly without a gold response
A total of twenty -two discrete anomalous zones, both along and across strike, were selected by
the consultant as anomalous throughout the five kilometre length of the survey with a
distribution concentrated in the north half, proximal to the past producing mines. Three zones,
all of which were along the tightly constrained projected bedrock location of the aero -
magnetically defined Uchi Corridor were classed as very high Priority 1. Priorit y 1 response
Target A is within the Uchi Gold corridor along strike of the Uchi Mine, was previously located by
the orientation survey a nd further defined by this follow up work. The Priority 1 Target B
anomaly reflects the Woco high grade vein further to the south into an un -drilled area and was
also confirmed by this work. Priority 1 response Target C is a new Au -Ag-Fe-Mo zone located
over one kilometre south and along strike of Argo diamond drill hole AGU -19-010. This drill hole
contained a gold -bearing base-metal intersection of over 5 metres of massive sulphides (April 4,
2019, Argo Press Release).
The results of the of the survey has opened up a full five kilometres of high-potential strike length
which has had virtually no exploration since the 1930's. These vegetation anomalies are
interpreted to be reflecting very near source mineralization collected by the root systems and
concentrated in the bark. Prior to diamond drill testing, wi nter infill vegetation sampling
combined with shallow excavator trenching and anomaly scale ground geophysics will be used to
ground truth and bring the best anomalies to the diamond drill stage.
QAQC
Quality control involved the collection of field duplicates and the insertion of control samples. All
samples were analyzed at ALS Laboratories which are accredited by the Standards Council of
Canada (SCC) for specific tests listed in their Scopes of Accreditation which conform with CAN -P-
1579: Requirements of the Accreditation of Mineral Analysis Testing Laboratories, and CAN -P-4E
ISO/IEC 17025” General Requirements for the Competence of Testing and Calibration
Laboratories. The precision, or measure of the uncertainty of element concentration, was
evaluated by the consultant. All elements were evaluated to be within average relative standard
deviation as calculated using the field duplicates. Using this, all elements analyzed for were
within accept able limits except Te which returned most values at or n ear the lower method
detection limit; accordingly, this element was not used for further interpretation.
Control samples were inserted to measure instrument drift and results were interpreted by the
consultant. One sample was out of spec for several elem ents in one batch, and all elements in
this batch were reanalyzed at our request. All results were within spec on the second
determination and were deemed acceptable for interpretation. A second unr esolved QC issue
concerned one batch of 60 samples at th e south of the grid which all had anomalous high Sb
results but all other elements were within acceptable limits, even on reanalyzing. Based on this,
apparent non-geological feature, the consultant omitted Sb from any of the interpretations.
Bill Kerr, P. Geo, Lead Exploration Geologist of Argo Gold, is the Qualified Person who assumes
responsibility for the technical disclosures in this press release.
About Argo Gold Inc.
Argo Gold ’s 22 square kilometre Uchi Gold Project covers 5 kilometres of strike leng th in a 1.5
kilometre wide corridor of widespread mineralization on multiple mineralized trends. High grade
gold intercepts from the winter 2019 drill program by Argo Gold inclu de 132 g/t Au ove r 1.8
metres at the Woco Vein. Historic drilling by St. Jude Resources in 1993 includes; 139 g/t Au over
2.1 metres, 65 g/t Au over 1.83 metres, and 62 g/t Au over 3.6 metres . Res ults are compelling
and Argo Gold continues to advance exploration activities at the Uchi Gold Project.
Argo Gold is listed on the Canadian Securities Exchange under the ticker ARQ. Argo Gold is
focused on gold exploratio n p rojects in central and northwestern Onta rio. All of Argo Gold’s
projects are 100% owned and have indicati ons of econo mic viability. Argo Gold’s website is
www.argogold.ca.
For more information please contact:
Judy Baker
CEO
(416) 786-7860
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RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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Except for statements of histor ic fact, this news release co ntains certa in “forward -looking information” within the meaning of
applicable securities law. Forward-looking information is frequently character ized by words such as “plan”, “expect”, “pr oject”,
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including that of the CSE. There are uncertai nties inhere nt in forward -looking information, including factors beyond the
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management's estimates or opinions should change except as requi red by law. The reader is cautioned not to place undue
reliance on forward -looking statements. Additional information identifying risks and unc ertainties that could affect financial
results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.