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Angus Gold Continues to Improve Grade of BIF-Hosted Gold System, Intersects 1.1 G/t Au Over 47.4 Metres Including 2.2 G/t Au Over 11.7 Metres, Golden Sky Project, Wawa

Angus Gold Continues to Improve Grade of BIF-Hosted Gold System, Intersects 1.1 G/t Au Over 47.4 Metres Including 2.2 G/t Au Over 11.7 Metres, Golden Sky Project, Wawa

安格斯黄金公司继续提高基性铁成矿岩型黄金体系品位,在Golden Sky项目Wawa地区,钻孔长47.4米遇到1.1克每吨黄金,包括11.7米遇到2.2克每吨黄金。
GlobeNewswire ·  07/30 07:00

Highlights:

亮点:

  • 2024 drill program was designed to test for higher grades and has been successful in demonstrating thicker intervals of higher-grade mineralization
  • Initial infill drilling results on BIF Gold Zone improve grade of thick mineralized system:
    • 7.2 metres of mineralization grading 2.3 g/t Au, including 1.0 metre of 9.7 g/t Au in Hole GS24-144
    • 14.0 metres of 1.7 g/t Au, including 3.0 metres of 2.6 g/t Au, 3.0 metres of 2.5 g/t Au and 3.0 metres of 1.9 g/t Au in Hole GS24-142;
    • 17.0 metres of 1.2 g/t Au, including 5.0 metres of 2.0 g/t Au also in hole GS24-142;
    • 25.0 metres of 1.0 g/t Au, including 4.5 metres of 2.2 g/t Au in Hole GS24-143;
    • 47.4 metres of 1.1 g/t Au, including 11.7 metres of 2.2 g/t Au also in Hole GS24-144;
  • Summer exploration program on the Golden Sky project is underway and includes:
    • Ongoing drilling on the BIF Gold Zone
    • Follow-up drill program on the new high-grade discovery at Dorset to commence in early August
    • Soil sampling program at the Feather River exploration area to commence in late August
    • Regional prospecting on two new exploration areas, Abbey Lake and Mishi West
  • 2024年钻探计划旨在测试更高等级,并成功证明了更厚的高品位矿化间隔。
  • BIF金区间初步压实钻探结果提高了矿化系统的品位:
    • GS24-144孔中2.3克/吨 Au的14.0米内,包括9.7克/吨 Au的1.0米孔。
    • GS24-142孔中1.7克/吨Au的14.0米,包括2.6克/吨 Au的3.0米、2.5克/吨 Au的3.0米和1.9克/吨 Au的3.0米。
    • GS24-142孔中1.2克/吨 Au的17.0米,包括2.0克/吨 Au的5.0米。
    • GS24-143孔中1.0克/吨 Au的25.0米,包括2.2克/吨 Au的4.5米。
    • GS24-144孔中1.1克/吨 Au的47.4米,包括2.2克/吨 Au的11.7米。
  • 夏季探矿项目正在Golden Sky项目展开,包括:
    • BIF金区间正在进行中的压实钻探。
    • 新的高品位发现Dorset的跟进钻探计划将于8月初开始。
    • Feather River探矿区的土壤采样计划将于8月下旬开始。
    • 两个新勘探区的区域勘探,Abbey Lake和Mishi West。

TORONTO, July 30, 2024 (GLOBE NEWSWIRE) -- Angus Gold Inc. (TSX-V: GUS | OTC: ANGVF) ("Angus" or the "Company") is pleased to announce assay results from the first five (5) exploration holes that were completed on the BIF Gold Zone as part of its summer 2024 drill program at the Golden Sky Project in Wawa, Ontario. The first five (5) holes were infill holes drilled on the BIF Gold Zone to improve continuity and understanding of the newly discovered zone. The holes were planned to test a new structural hypothesis that could be used to consistently target higher grade material. The results from the initial holes are better than holes drilled in previous years with longer intercepts of > 2.0 g/t Au mineralization. These results continue to indicate strong potential for the area to host significant BIF-hosted gold mineralization similar to that seen at the large, high-grade deposits of Musselwhite (Newmont), Meadowbank (Agnico-Eagle) and Back River (B2 Gold) in Ontario and Nunavut. The drill program is ongoing and these results will be used to further refine the model for subsequent holes.

2024年7月30日,加拿大黄金公司(TSX-V:GUS | OTC:ANGVF)(“Angus”或“公司”)很高兴宣布,作为其在安大略省瓦瓦市Golden Sky项目举行的2024年夏季钻探计划的一部分而完成的前五个(5)探矿孔的金属分析测定结果。前五个(5)孔都是压实孔,在BIF金区间钻探,以提高新发现区的连续性和了解。这些孔的计划是为了测试一个新的结构假设,该假设可用于持续地针对更高品位的材料。初步孔的结果比以前的孔更好,具有大于2.0克/吨Au矿化的较长截获。这些结果继续表明该地区具有类似于安大略省和努纳武特的大型高品位矿床,如Musselwhite(Newmont),Meadowbank(Agnico-Eagle)和Back River(B2 Gold)的BIF托管金矿石的强大潜力。钻探计划正在进行中,这些结果将用于进一步完善随后的孔模型。

Breanne Beh, Chief Executive Officer of Angus, states: "We are very pleased with the initial results from our 2024 BIF drilling program. In addition to demonstrating the continuity of this thick, extensive gold zone, it is particularly encouraging that our targeting process is starting to return significant intervals of higher-grade material than in previous programs. These results speak to the ongoing improvements in our understanding of the structural controls at the BIF Gold Zone. As drilling on the BIF continues, we are also very excited to return to the Dorset Gold Zone during the month of August, and follow-up on our high-grade intercept of 7.0 g/t Au over 12.4 metres. In addition, prospecting and mapping work is underway on two brand new exploration areas at the Golden Sky project, Abbey Lake and Mishi West. Initial prospecting results from these areas are encouraging, which continues to highlight the exceptional exploration potential of Angus' entire land package."

Angus的首席执行官Breanne Beh表示:“我们非常满意我们的2024年BIF钻探计划的初步结果。除了证明这一厚而广泛的金区域的连续性外,特别鼓舞人心的是我们的瞄准过程正在开始返回比以前的计划更高等级的物质。这些结果证明了我们对BIF金区域的结构控制不断提高的了解。随着BIF的钻探继续进行,我们也非常兴奋地回到了Dorset金区,于8月份跟进我们的高品位拦截7.0克/吨Au超过12.4米。此外,Golden Sky项目的两个全新勘探区域Abbey Lake和Mishi West正在进行勘探和测绘工作。这些区域的初步勘探结果令人鼓舞,继续突显了Angus整个土地包裹的卓越勘探潜力。”

The 2024 drilling program on the BIF was designed to test new hypotheses regarding the structural controls on the gold mineralization. The first five (5) drill holes published in this press release were infill holes completed along the previously defined 1.0 kilometre of strike length of the BIF Gold Zone. The holes were successful at continuing to intersect an approximately 50-metre-thick gold zone, however, results included longer intercepts of +2.0 g/t Au mineralization than previously observed. GS-24-142, GS-24-143, GS-24-144, GS-24-145 and GS-24-146 were all drilled to test dilational zones within the magnetic lineament that hosts the BIF Gold Zone. These initial results are encouraging and indicate an improved understanding of the system and reinforce the potential for higher grades. Notable intersections are listed in the table below.

BIF的2024年钻探计划旨在测试关于金矿化的结构控制的新假设。本新闻稿中发布的前五(5)个钻探孔都是压实孔,沿着BIF金区间先前定义的1.0公里走向完成。这些孔成功地继续与近50米厚的金区截面相交,但结果中包括较长的+2.0克/吨Au矿化,比以前观察到的更多。GS-24-142、GS-24-143、GS-24-144、GS-24-145和GS-24-146都是为测试承载BIF金区间的磁性线aments内扩张区域而钻探的。这些初始结果令人鼓舞,并指出了对系统的改进和强化了更高品位的潜力。表格中列出了有价值的交叉点。

Selected drill results from the 5 holes at the Golden Sky drilling program are, as follows:

Golden Sky探矿项目中前五个孔的选择性钻探结果如下:

Hole Number From (m) To (m) Length (m) Au g/t Area
GS-24-142 85.5 90.5 5.0 1.7 BIF
GS-24-142 104.5 146.7 42.2 0.9
including 104.5 118.5 14.0 1.7
including 104.5 107.5 3.0 2.6
including 110.5 113.5 3.0 2.5
including 115.5 118.5 3.0 1.9
GS-24-142 195.4 212.4 17.0 1.2
including 204.4 209.4 5.0 2.0
GS-24-143 126.6 160.8 34.2 0.6 BIF
including 145.8 150.8 5.0 1.5
GS-24-143 209.0 234.0 25.0 1.0
including 209.0 213.5 4.5 2.2
GS-24-143 251.0 255.0 4.0 1.0
including 253.0 254.0 1.0 2.8
GS-24-144 83.0 130.4 47.4 1.1 BIF
including 83.0 102.7 19.7 1.5
including 88.0 99.7 11.7 2.2
GS-24-144 123.2 130.4 7.2 2.3
including 123.2 124.2 1.0 9.7
GS-24-144 175.4 176.4 1.0 2.3
钻孔编号 从(m) 到(m) 长度(米) Au克/吨 区域
GS-24-142 85.5 90.5 5.0 1.7 BIF
GS-24-142 104.5 146.7 42.2 0.9
包括 104.5 118.5 14.0 1.7
包括 104.5 107.5 3.0 2.6
包括 110.5 113.5 3.0 2.5
包括 115.5 118.5 3.0 1.9
GS-24-142 195.4 212.4 17.0 1.2
包括 204.4 209.4 5.0 2.0
GS-24-143 126.6 160.8 34.2 0.6 BIF
包括 145.8 150.8 5.0 1.5
GS-24-143 209.0 234.0 25.0 1.0
包括 209.0 213.5 4.5 2.2
GS-24-143 251.0 255.0 4.0 1.0
包括 253.0 254.0 1.0 2.8
GS-24-144 83.0 130.4 47.4 1.1 BIF
包括 83.0 102.7 19.7 1.5
包括 88.0 99.7 11.7 2.2
GS-24-144 123.2 130.4 7.2 2.3
包括 123.2 124.2 1.0 9.7
GS-24-144 175.4 176.4 1.0 2.3

(1) Assay results presented over core length. Additional drilling will be necessary to constrain the true width of the mineralized envelope of the gold system.

(1) 长度上呈现金矿体。需要进行更多的钻探来确定其金矿体的真实宽度。

Exploration work being conducted elsewhere on the project during the summer 2024 field season includes detailed mapping and prospecting at the brand-new Abbey Lake and Mishi West exploration areas. In addition, a detailed soil sampling program is planned on the Feather River exploration area to aid with the selection of targets for the winter 2025 drilling program.

2024年夏季,该项目的其他地方正在进行勘探工作,包括在全新的Abbey Lake和Mishi West勘探区进行详细的地图绘制和勘查,此外,在Feather River勘探区计划进行详细的土壤采样计划,以帮助选择2025年冬季钻探计划的目标。

The ongoing drill program on the Company's 100%-owned Golden Sky Project is focused on the Dorset Gold Zone, which hosts a historic gold resource; the BIF Zone, a new gold zone discovery in a large banded iron formation; as well as the Eagle River Splay deformation zone, which shows potential for another extensive gold system. Angus' drill programs on the Dorset Gold Zone have been successful at extending the strike length of the previously modelled zone from 750 metres to 1.7 kilometres.

该公司在其100%拥有的Golden Sky项目上的不断钻探工作集中于Dorset金区,该区域拥有历史悠久的黄金资源;BIF区,一个大型条带状铁矿中新的含金区发现;以及Eagle River Splay变形带,展示出了另一个广泛的含金系统的潜力。Angus在Dorset Gold区域的钻探计划成功地将以前模拟的区域的突击长度从750米延长到1.7公里。

The Dorset Gold Zone contains a historic estimated indicated resource (using a 0.50 g/t Au cut-off) of 40,000 ounces of gold grading 1.4 g/t Au, and an inferred resource of 180,000 ounces of gold grading 1.2 g/t Au (source: NI 43-101 technical report for the Golden Sky Project entitled, "NI 43-101 Technical Report Wawa Property Ontario, Canada" dated February 18, 2020). The Dorset Zone lies within the Mishi Creek Deformation Zone ("MCDZ"). The MCDZ can be traced for at least seven (7) kilometres within the Golden Sky project and has seen very little historic exploration along most of its strike length.

Dorset Gold区域包含历史估计的已指示资源(使用0.50克每吨金截止)为40,000盎司黄金,品位为1.4克每吨黄金,推测资源为180,000盎司黄金,品位为1.2克每吨黄金(来源:Golden Sky Project的NI 43-101技术报告,标题为“NI 43-101 Technical Report Wawa Property Ontario, Canada”,日期为2020年2月18日)。Dorset区位于Mishi Creek Deformation Zone(“MCDZ”)内。该MCDZ在Golden Sky项目内至少能追溯到7公里,并且在其大部分走向上很少进行历史勘探。

Figure 1: Surface Map – BIF new drilling, Golden Sky Airborne Magnetics Map

Figure 2: Golden Sky project map of exploration areas

The Golden Sky Project
The 100%-owned Golden Sky Project is located within the Mishibishu Lake Greenstone Belt of Northern Ontario, which is host to Wesdome's high-grade Eagle River and the Mishi open-pit gold mines. The Company's 290-square-kilometres land package is located approximately 50 kilometres west of the town of Wawa and is situated immediately between the two Wesdome mines. The project is host to the near-surface Dorset Gold Zone, which contains a historic estimated resource (using a 0.50 g/t Au cut-off) consisting of an indicated resource of 40,000 ounces of gold (780,000 tonnes grading 1.4 g/t Au), and an inferred resource of 180,000 ounces of gold (4,760,000 tonnes grading 1.2 g/t Au). For greater details on the Golden Sky Project, please refer to the NI 43-101 technical report for the Golden Sky Project entitled, "NI 43-101 Technical Report Wawa Property Ontario, Canada" dated February 18, 2020, and available on the Company's SEDAR profile.

Golden Sky项目
100%拥有的Golden Sky项目位于安大略省Mishibishu Lake绿岩带内,该地区拥有Wesdome的高品位Eagle River和Mishi露天金矿。该公司的290平方公里土地包裹位于Wawa镇以西约50公里处,紧邻两个Wesdome金矿。该项目拥有近地表的Dorset金区,其中包含历史估计资源(采用0.50克每吨Au截止)包括已指示的资源40,000盎司黄金(780,000吨品位为1.4克每吨Au)和推测资源180,000盎司黄金(4,760,000吨品位为1.2克每吨Au)。有关Golden Sky项目的更多详细信息,请参阅Golden Sky项目的NI 43-101技术报告,标题为“NI 43-101 Technical Report Wawa Property Ontario, Canada”,日期为2020年2月18日,可在公司的SEDAR文件中获得。

Qualified Person
The scientific and technical content of this press release has been reviewed and approved by Breanne Beh, P.Geo, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and Chief Geologist for the Company.

合格人士
本新闻稿的技术内容已由Breanne Beh审查和批准,Breanne Beh是公司的“合格人士”,根据《加拿大43-101号法规-矿产项目披露标准》定义。

About Angus Gold:
Angus Gold Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The Company's flagship project is the Golden Sky Project in Wawa, Ontario. The Project is immediately adjacent to the Eagle River Mine of Wesdome Gold Mines Ltd.

关于Angus Gold:Angus Gold Inc.是一家加拿大矿业勘探公司,专注于收购、勘探和开发具有高潜力的黄金物业。公司的旗舰项目是位于安大略省瓦瓦市的Golden Sky项目。该项目紧邻 Wesdome Gold Mines Ltd 的Eagle River Mine,该矿已生产了近200万盎司金子。
Angus Gold Inc.是一家加拿大矿物勘探公司,专注于收购、勘探和开发高潜力黄金矿产。该公司的旗舰项目是安大略省Wawa的Golden Sky项目。该项目紧邻Wesdome Gold Mines Ltd.的Eagle River矿。

On behalf of Angus Gold Inc.,

Angus Gold Inc.代表 Breanne Beh

Breanne Beh
President and Chief Executive Officer

Breanne Beh
总裁兼首席执行官

INQUIRIES:
Email: info@angusgold.com
Phone: 647-259-1790
Company Website:

咨询:
电子邮件:info@angusgold.com
电话: 647-259-1790

TSXV: GUS | USOTC: ANGVF

tsxv:GUS|USOTC:ANGVF

Forward-Looking Statements

前瞻性声明

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to anticipate and counteract the effects of COVID-19 pandemic on the business of the Company, including without limitation the effects of COVID-19 on the capital markets, commodity prices supply chain disruptions, restrictions on labour and workplace attendance and local and international travel, failure to receive requisite approvals in respect of the transactions contemplated by the Agreement, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

TSX Venture Exchange及其监管服务提供者(如TSX Venture Exchange的政策所定义的那样)对本公告的充足性或准确性不承担任何责任。 本新闻稿包括某些“前瞻性声明”,这些声明不是由历史事实组成的。前瞻性声明包括估计和描述公司未来计划,目标或目标的声明,包括描述公司或管理层预期发生某种状态或结果的语言。前瞻性声明可以通过“相信”“预期”“期望”“估计”“可能”“可能”“将”或“计划”等术语来识别。由于前瞻性声明基于假设并涉及未来事件和条件,因此它们的本质使它们涉及固有的风险和不确定性。尽管这些声明基于公司当前可用的信息,但公司不保证实际结果将符合管理层的预期。涉及前瞻性信息的风险,不确定性和其他因素可能会导致实际事件,结果,绩效,前景和机会与此类前瞻性信息所表达或暗示的不同。本新闻稿中的前瞻性信息包括但不限于公司的目标,目标或未来计划,声明,勘探成果,潜在矿化物,矿物资源估计,勘探和矿山开发计划,操作开始时间以及市场状况的估计。可能导致实际结果与此类前瞻性信息不同的因素包括但不限于:预见和抵销COVID-19大流行对公司业务的影响的能力,包括但不限于COVID-19对资本市场的影响,商品价格供应链中断,劳动力和工作场所出勤的限制以及本地和国际旅行,未能获得有关协议拟议的交易的必要批准,未能确定矿物资源,未能将估计的矿物资源转化为储量,未能完成建议生产决策的可行性研究,冶金测试结果的初步性质,延迟或未能获得所需的政府,环境或其他项目批准,政治风险,不履行适应第一国民和其他土著人民的责任,有关未来需要的融资的可用性和成本的不确定性,股权市场的变化,通货膨胀,汇率的变化,商品价格的波动,项目发展的延迟,资本和操作成本与估计明显不同以及涉及矿物勘探和开发行业的其他风险,以及该公司公开文件中在SEDAR上文件的风险。尽管公司认为在准备本新闻稿中的前瞻性信息时使用的假设和因素是合理的,但不应过分依赖此类信息,该信息仅适用于本新闻发布日期,不能保证此类事件将在披露的时间范围内发生或全部发生。该公司除法律规定外无意义或义务更新或修订任何前瞻性信息,无论是因为新信息,未来事件或其他原因。

Figures accompanying this announcement are available at:

此公告附带的数字文件可在以下位置获得:


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