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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

安格斯黃金公司繼續提高基性鐵成礦巖型黃金體系品位,在Golden Sky項目Wawa地區,鑽孔長47.4米遇到1.1克每噸黃金,包括11.7米遇到2.2克每噸黃金。
GlobeNewswire ·  07/30 07:00

Highlights:

亮點:

  • 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年鑽探計劃旨在測試更高等級,併成功證明了更厚的高品位礦化間隔。
  • BIF金區間初步壓實鑽探結果提高了礦化系統的品位:
    • GS24-144孔中2.3克/噸 Au的14.0米內,包括9.7克/噸 Au的1.0米孔。
    • GS24-142孔中1.7克/噸Au的14.0米,包括2.6克/噸 Au的3.0米、2.5克/噸 Au的3.0米和1.9克/噸 Au的3.0米。
    • GS24-142孔中1.2克/噸 Au的17.0米,包括2.0克/噸 Au的5.0米。
    • GS24-143孔中1.0克/噸 Au的25.0米,包括2.2克/噸 Au的4.5米。
    • GS24-144孔中1.1克/噸 Au的47.4米,包括2.2克/噸 Au的11.7米。
  • 夏季探礦項目正在Golden Sky項目展開,包括:
    • BIF金區間正在進行中的壓實鑽探。
    • 新的高品位發現Dorset的跟進鑽探計劃將於8月初開始。
    • Feather River探礦區的土壤採樣計劃將於8月下旬開始。
    • 兩個新勘探區的區域勘探,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,加拿大黃金公司(TSX-V:GUS | OTC:ANGVF)(「Angus」或「公司」)很高興宣佈,作爲其在安大略省瓦瓦市Golden Sky項目舉行的2024年夏季鑽探計劃的一部分而完成的前五個(5)探礦孔的金屬分析測定結果。前五個(5)孔都是壓實孔,在BIF金區間鑽探,以提高新發現區的連續性和了解。這些孔的計劃是爲了測試一個新的結構假設,該假設可用於持續地針對更高品位的材料。初步孔的結果比以前的孔更好,具有大於2.0克/噸Au礦化的較長截獲。這些結果繼續表明該地區具有類似於安大略省和努納武特的大型高品位礦牀,如Musselwhite(Newmont),Meadowbank(Agnico-Eagle)和Back River(B2 Gold)的BIF託管金礦石的強大潛力。鑽探計劃正在進行中,這些結果將用於進一步完善隨後的孔模型。

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的首席執行官Breanne Beh表示:「我們非常滿意我們的2024年BIF鑽探計劃的初步結果。除了證明這一厚而廣泛的金區域的連續性外,特別鼓舞人心的是我們的瞄準過程正在開始返回比以前的計劃更高等級的物質。這些結果證明了我們對BIF金區域的結構控制不斷提高的了解。隨着BIF的鑽探繼續進行,我們也非常興奮地回到了Dorset金區,於8月份跟進我們的高品位攔截7.0克/噸Au超過12.4米。此外,Golden Sky項目的兩個全新勘探區域Abbey Lake和Mishi West正在進行勘探和測繪工作。這些區域的初步勘探結果令人鼓舞,繼續突顯了Angus整個土地包裹的卓越勘探潛力。」

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年鑽探計劃旨在測試關於金礦化的結構控制的新假設。本新聞稿中發佈的前五(5)個鑽探孔都是壓實孔,沿着BIF金區間先前定義的1.0公里走向完成。這些孔成功地繼續與近50米厚的金區截面相交,但結果中包括較長的+2.0克/噸Au礦化,比以前觀察到的更多。GS-24-142、GS-24-143、GS-24-144、GS-24-145和GS-24-146都是爲測試承載BIF金區間的磁性線aments內擴張區域而鑽探的。這些初始結果令人鼓舞,並指出了對系統的改進和強化了更高品位的潛力。表格中列出了有價值的交叉點。

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

Golden Sky探礦項目中前五個孔的選擇性鑽探結果如下:

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
鑽孔編號 從(m) 到(m) 長度(米) Au克/噸 區域
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) 長度上呈現金礦體。需要進行更多的鑽探來確定其金礦體的真實寬度。

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,該項目的其他地方正在進行勘探工作,包括在全新的Abbey Lake和Mishi West勘探區進行詳細的地圖繪製和勘查,此外,在Feather River勘探區計劃進行詳細的土壤採樣計劃,以幫助選擇2025年冬季鑽探計劃的目標。

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.

該公司在其100%擁有的Golden Sky項目上的不斷鑽探工作集中於Dorset金區,該區域擁有歷史悠久的黃金資源;BIF區,一個大型條帶狀鐵礦中新的含金區發現;以及Eagle River Splay變形帶,展示出了另一個廣泛的含金系統的潛力。Angus在Dorset Gold區域的鑽探計劃成功地將以前模擬的區域的突擊長度從750米延長到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區域包含歷史估計的已指示資源(使用0.50克每噸金截止)爲40,000盎司黃金,品位爲1.4克每噸黃金,推測資源爲180,000盎司黃金,品位爲1.2克每噸黃金(來源:Golden Sky Project的NI 43-101技術報告,標題爲「NI 43-101 Technical Report Wawa Property Ontario, Canada」,日期爲2020年2月18日)。Dorset區位於Mishi Creek Deformation Zone(「MCDZ」)內。該MCDZ在Golden Sky項目內至少能追溯到7公里,並且在其大部分走向上很少進行歷史勘探。

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

圖1:BIF新鑽孔地表地圖,Golden Sky空中磁力圖

Figure 2: Golden Sky project map of exploration areas

圖2:Golden Sky項目勘探區地圖

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項目
100%擁有的Golden Sky項目位於安大略省Mishibishu Lake綠巖帶內,該地區擁有Wesdome的高品位Eagle River和Mishi露天金礦。該公司的290平方公里土地包裹位於Wawa鎮以西約50公里處,緊鄰兩個Wesdome金礦。該項目擁有近地表的Dorset金區,其中包含歷史估計資源(採用0.50克每噸Au截止)包括已指示的資源40,000盎司黃金(780,000噸品位爲1.4克每噸Au)和推測資源180,000盎司黃金(4,760,000噸品位爲1.2克每噸Au)。有關Golden Sky項目的更多詳細信息,請參閱Golden Sky項目的NI 43-101技術報告,標題爲「NI 43-101 Technical Report Wawa Property Ontario, Canada」,日期爲2020年2月18日,可在公司的SEDAR文件中獲得。

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
本新聞稿的技術內容已由Breanne Beh審查和批准,Breanne Beh是公司的「合格人士」,根據《加拿大43-101號法規-礦產項目披露標準》定義。

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.

關於Angus Gold:Angus Gold Inc.是一家加拿大礦業勘探公司,專注於收購、勘探和開發具有高潛力的黃金物業。公司的旗艦項目是位於安大略省瓦瓦市的Golden Sky項目。該項目緊鄰 Wesdome Gold Mines Ltd 的Eagle River Mine,該礦已生產了近200萬盎司金子。
Angus Gold Inc.是一家加拿大礦物勘探公司,專注於收購、勘探和開發高潛力黃金礦產。該公司的旗艦項目是安大略省Wawa的Golden Sky項目。該項目緊鄰Wesdome Gold Mines Ltd.的Eagle River礦。

On behalf of Angus Gold Inc.,

Angus Gold Inc.代表 Breanne Beh

Breanne Beh
President and Chief Executive Officer

Breanne Beh
總裁兼首席執行官

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

諮詢:
電子郵件:info@angusgold.com
電話: 647-259-1790
公司網站:

TSXV: GUS | USOTC: ANGVF

tsxv:GUS|USOTC:ANGVF

Forward-Looking Statements

前瞻性聲明

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及其監管服務提供者(如TSX Venture Exchange的政策所定義的那樣)對本公告的充足性或準確性不承擔任何責任。 本新聞稿包括某些「前瞻性聲明」,這些聲明不是由歷史事實組成的。前瞻性聲明包括估計和描述公司未來計劃,目標或目標的聲明,包括描述公司或管理層預期發生某種狀態或結果的語言。前瞻性聲明可以通過「相信」「預期」「期望」「估計」「可能」「可能」「將」或「計劃」等術語來識別。由於前瞻性聲明基於假設並涉及未來事件和條件,因此它們的本質使它們涉及固有的風險和不確定性。儘管這些聲明基於公司當前可用的信息,但公司不保證實際結果將符合管理層的預期。涉及前瞻性信息的風險,不確定性和其他因素可能會導致實際事件,結果,績效,前景和機會與此類前瞻性信息所表達或暗示的不同。本新聞稿中的前瞻性信息包括但不限於公司的目標,目標或未來計劃,聲明,勘探成果,潛在礦化物,礦物資源估計,勘探和礦山開發計劃,操作開始時間以及市場狀況的估計。可能導致實際結果與此類前瞻性信息不同的因素包括但不限於:預見和抵銷COVID-19大流行對公司業務的影響的能力,包括但不限於COVID-19對資本市場的影響,商品價格供應鏈中斷,勞動力和工作場所出勤的限制以及本地和國際旅行,未能獲得有關協議擬議的交易的必要批准,未能確定礦物資源,未能將估計的礦物資源轉化爲儲量,未能完成建議生產決策的可行性研究,冶金測試結果的初步性質,延遲或未能獲得所需的政府,環境或其他項目批准,政治風險,不履行適應第一國民和其他土著人民的責任,有關未來需要的融資的可用性和成本的不確定性,股權市場的變化,通貨膨脹,匯率的變化,商品價格的波動,項目發展的延遲,資本和操作成本與估計明顯不同以及涉及礦物勘探和開發行業的其他風險,以及該公司公開文件中在SEDAR上文件的風險。儘管公司認爲在準備本新聞稿中的前瞻性信息時使用的假設和因素是合理的,但不應過分依賴此類信息,該信息僅適用於本新聞發佈日期,不能保證此類事件將在披露的時間範圍內發生或全部發生。該公司除法律規定外無意義或義務更新或修訂任何前瞻性信息,無論是因爲新信息,未來事件或其他原因。

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