Argo Gold Expands Exploration at the Uchi Gold Project September 9, 2020
ARGO GOLD INC.
350 Bay Street, Suite 700
Toronto, Ontario M5H 2S6
FOR IMMEDIATE RELEASE S/O: 52,847,349
Argo Gold Expands Exploration at the Uchi Gold Project
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 da te has included stripping and washing areas of kn own mineralization - Woco, Northgate, and
Raingold - and prospecting over a nomalies identified in the Summer 2019 Biogeochemistry Survey.
Prospecting a biogeochemistry an omaly has identified siliceous tourmaline alteration in outcrop 175
metres south of Woco. S iliceous tourmaline alteration occurs in the footwall of the high-grade Woco
vein where the currently known sur face 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 She ar Zone. The Woco Vein and the Northgate Shear Zone are 2 kilometres apart on a 5
kilometre mineralized trend that is considered highly pro spective. The Summer 2019 Biogeochem istry
Survey covered the main miner alized trend and identified multiple high priority anomalies proximal to
the hig h-grade Woco vein and also identified additional new anomalies along the 5 kilometre strike
length of th e main mineralized trend; (Argo Gold PR, October 28 2019). West of the mai n 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 2 0 years of experien ce in exploration ; specializing in gold and s ilver deposits
including epithermal deposits and narrow high-grade gold vein deposits. Mr. Pelletier has a n 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 Geol ogist of Argo Gold, i s the Qualified Person wh o has app roved 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 obtaine d 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
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REG ULATIONS SERVI CES PROVIDE R HAVE REVIEWED OR ACCEP T
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 mean ing 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, o r statements that cer tain 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 c ould cause actual eve nts or results to differ materially
from those an ticipated 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 caution ed not to plac e 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.