Talbot Lake Gold Project

GOLD · NW ONTARIO

Overview

Talbot Lake was identified in the early 1980’s by a belt-scale litho-geochemical exploration program targeting banded iron formations throughout the Pickle and Red Lake greenstone belts by Dome Exploration (Canada) Limited. Identified targets included: Opapamiskan Lake (the future Musslewhite Mine), Dona Lake (the future Dona Lake Mine), and Talbot Lake. Argo entered into a mining claim acquisition agreement with Denison Mones in June 2020, pursuant to which Argo Gold can acquire a 100% interest in certain mineral claims located near Talbot Lake, in the Pickel Lake area of the Patricia Mining District.

Geology

Ground prospecting at Talbot Lake identified a high-grade gold quartz vein on the property which became the focus of exploration efforts. The vein itself is hosted in tholeiitic to komatiitic basalts and has been channel sampled on surface for a length of 48 metres over an average width of 3.28 metres for an uncut grade of 13.8 grams per tonne gold; and the vein was drilled to a depth of 200 metres. Denison acquired the property in 1998 and further drilling extended the vein continuity to a depth of 250 metres. Denison also performed down hole orientation surveys on several of the Dome drill holes and determined that the auriferous vein, based on pierce points, was increasing in strike length at depth. Denison briefly optioned the property to Abbastar Resources who carried out a drill program and noted in the press release that gold mineralization occurred in both quartz vein host and iron formation host rocks.

Highlights

  • High grade vein-type gold hosted in tholeiitic-to-komatiitic basalt.
  • Banded iron formation (BIF)-hosted gold, an important regional deposit style (same style/district as Musselwhite and Dona Lake mines).
  • Resource Estimation: No NI 43-101 resource. Historical highlight: 13.8 g/t Au (uncut) over 48 m strike / 3.28 m average width (surface channel sampling); vein tested to 250 m depth by Denison.

CONTACT

Speak directly with the people running the company

Paul Poggione

President

(613) 277-1989

paul@argogold.ca

Judy Baker

Founder, CEO & Director

(416) 786-7860

jbaker@argogold.ca