Angold Samples up to 11.85 G/T GOLD at Dorado, Chile
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January 13, 2022
ANGOLD SAMPLES UP TO 11.85 g/t GOLD AT DORADO, CHILE
Vancouver, British Columbia, January 13, 202 2 – Angold Resources Ltd. (TSXV: AAU,
FRA:13L1, OTCQB: AAUGF) ("Angold" or the "Company") is pleased to announce that it has
sampled numerous targets at its Dorado Project in the Maricunga Belt of Chile (Figures 1 and 2).
Key Highlights:
• Classic Maricunga Style Mineralization: Samples of up to 11.85 g/t gold at surface have
been sampled from banded quartz porphyry-type vein outcrops which indicate the
existence of near-surface Au-rich porphyry intrusion and expand the surrounding ~6 km2
epithermal gold environment.
• Undrilled New Targets Near Surface: Five early-stage targets identified to date with both
mineralization styles, epithermal and gold-rich porphyry. Soil sampling returned strong gold
anomalies and pathfinder elements.
• New Opportunity for Discovery: None of the five new target areas have been recognized,
sampled or drilled in the past and present compelling new prospects for on -going
discovery.
• Multiple Overlapping Vectors: Strong evidence of the upper levels of a telescoped
porphyry-epithermal system with a preserved lithocap at Lajitas South . Field work has
identified the presence of combined features, including a circular magnetic anomaly that is
both coincident with and surrounded by anomalous Au and Cu, zones of intense
hydrothermal alteration.
Angold's CEO, Mr. Adrian Rothwell, stated: " These results confirm, again, the pervasive nature
of mineralization at Dorado and the potential to expand the resource beyond Lajitas and Lajitas
South targets. We will provide a recap shortly of the excellent 2021 results on the project."
New undrilled zones are thought to be the continuation of existing mineralized trends in the
Maricunga Belt. Gold distribution has an NW-SE orientation, coincident with lineaments, regional
alteration trends, and existing mineralized deposits (Figure 2).
These new targets supplement the discovery made by Angold's team at Lajitas South. Refer to
our news release on April 27, 2021, outlining the Company's discovery at Lajitas South.
Figure 1: Project location showing established infrastructure and location of the leading third-party projects in Atacama.
Exploration Work
In 2021, Angold completed an extensive and systematic rock chip and talus fines (soils) survey .
Other specific samples were extracted to complement the geochemical survey as pH/inverse
differential hydrogen (IDH), rock sampling for hyperspectral measurements, and ASTER
interpretation on the Company's concessions.
The systematic surface sampling included 950 rock chips and 926 soil samples over a grid of 6.2
km x 3.8 km and 1,100 meters of trenching. Most of the recently identified targets and as well as
the drilling area were mapped in detail, covering more than 25 km2 in 1/5,000 to 1/10,000 scale
maps.
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Anomalies are distributed in an elongated NW-SE direction, reaching over 6.5 x 4.5 km with >1.5
km long continuous gold anomalies. This extended NW -SE distribution is coherent with the
regional structural/alteration/mineralization trend in the Maricunga Belt.
Most gold anomalies are concentrated in the Lajitas target, reaching up to 442 ppb – Au (soils)
and multi-grams in gold (rock), distributed in an area over 650 x 750 meters (Figure 5). However,
in the recently discovered targets, anomalies show up a range between 9.92 ppb to 26.06 ppb –
Au (soils), and an outlier of 91.9 ppb Au (soils) highlighted the Eva target, placed approximately
3.2 km southeast of the drilling area at Lajitas. This is likely a result of post-mineral volcanic
cover and the limited surface erosion preserving these targets that will be confirmed with
geophysics.
Geology
The Dorado system is interpreted as a Maricunga porphyry Au- rich style deposit at depth,
overprinted by epithermal events where the belt is well known for its transitional porphyry -
epithermal Au- (Cu-Ag) deposits. Telescoped porphyry -style gold and/or high- sulfidation
epithermal gold-(silver) deposits in the Maricunga gold belt are intimately linked to the
(Oligocene)-Miocene magmatic activity.
The magmatic-hydrothermal complex at Dorado is hosted by mid-Miocene volcanic and intrusive
rocks exposed through erosional window s, located on the west margin of the Lajitas Caldera.
Intrusives and mineralized zones are related to the extensional NW lineaments and likewise with
the regional alteration and mineralization NNE-oriented and NW-SE corridors.
Several well-known deposits/prospects, including Lobo-Marte, Soledad, Pantanillos, El Volcan
and its mineralized zones , occur primarily where the dominant north- northeast structures are
intercepted by the subordinate NW-oriented structures.
Geological mapping, supported by spectral interpretation and geochemical signatures, identified
two Au -rich porphyry cores in both main targets, Lajitas and Lajitas South, surrounded by a
peripheral epithermal gold anomalous environment and preserved lithocap.
For more information, please refer to the Company's website https://www.angoldresources.com.
Figure 2: Gold deposits emplacement associated NW basement lineaments and the regional alteration/mineralization
NW-SE corridors (Third-party data obtained from Sigex public website).
Figure 3: Quartz banded veins. Alternating bands of anhedral to subhedral quartz with magnetite and other metallics
minerals recognized by petrography as chalcopyrite, argentite-acanthite, pyrargyrite as well as disseminated gold.
Figure 4: Gold anomalies from soil sampling survey. Most anomalies exposed to the northeast Ruby and the farther
Eva target are located under the post -mineral cover. There are 1,750 m of continuous gold anomalies along with the
Lajitas target.
Figure 5: Gold anomalies from soils (background). The 650 m continuous gold anomalies along the NNE Lajitas corridor
are related to the epithermal events that overprinted the porphyry system.
Early-Stage
Of the new targets discovered by Angold (Figure 2), none have seen a geophysical survey, and
no zone has been drill tested or surface sampled in the past by the Company or by previous
operators.
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These targets represent an extraordinary opportunity to drill new high-quality targets for the first
time, and they are an excellent option to expand and contribute to the potential of Lajitas and
Lajitas South targets.
Alteration and geochemical signatures preliminarily recognized in Los Patos, Ruby, and Gaby are
coincident and consistent with a near-surface high sulfidation epithermal system. Meanwhile, Eva
and Magy targets show characteristics related to a buried porphyry environment.
Figure 6: From left to right: 1-Quartz-Alunite-Kaolinite+/-native sulphur in a powdery zone of steam-heated at Ruby. 2-
Travertine deposit marki ng the paleo-surface of the hydrothermal environment in Ruby and Lajitas South. 3-Black
banding vein with 11.85g/t Au
Figure 7: Illustrate the newly discovered Los Patos target in the north part of Angold's concessions. Chalcedonic silica
and native sulphur related to High Sulphidaton System are some of the highlighted features recognized in the area.
QAQC Statement
All Angold Resources' geochemical samples assay results have been independently monitored
through a quality assurance/quality control ( "QA/QC") protocol , which includes inserting blind
standard reference materials, blanks, and duplicates at regular intervals. Logging and sampling of
the Dorado drill samples were completed at Angold' s core handling facilities located in Copiapo,
Chile. Drill core was diamond sawn on-site, and half drill-core samples were securely transported
to ALS Laboratories' ("ALS") sample preparation facility in Copiapo.
All geochemical samples were analyzed in the ALS laboratory. For soils, the preparation method
was PREP-41. Its analytical method was AuME -ST43, which contains a battery of 53 elements,
including gold; its digestion was carried out in aqua regia and super -trace analytical method. For
rock chips, the preparation method was PREP-31, and the analytical methods used for gold was
Au-AA24 and the ME- MS61m for 49 elements; its digestion was in 4 acids.
Qualified Person
Galen McNamara, P.Geo., Chairman and Director of the Company and a Qualified Person in
accordance with National Instrument 43- 101, has reviewed and approved the technical
information contained in this news release.
About Angold
Angold is an exploration and development company targeting large-scale mineral systems in the
proven districts of Maricunga, Nevada and Ontario. Angold owns a 100% interest in the Dorado,
Cordillera and South Bay-Uchi projects and certain claims that append the optioned Iron Butte
project.
ON BEHALF OF THE BOARD OF ANGOLD RESOURCES LTD.
"Adrian Rothwell"
Chief Executive Officer
Further information on Angold can be found on the Company 's website at
www.angoldresources.com and at www.sedar.com, or by contacting the Company by email at
[email protected] or by telephone at (855) 917 4091.
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