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Argo Gold’s has a portfolio of five properties located in the northern and northwestern regions of Ontario, Canada. This world-class portfolio, 100%-owned by Argo Gold, represents the potential for enormous gold, silver-zinc and cobalt resources with economic viability.

Currently, Argo Gold’s portfolio consists of three properties focused on Gold, one property concentrated on Cobalt and one property exploring for Silver and Zinc.

Map-of-Ontario-Canada Dec 2020

Gold Exploration – Northwest Ontario

Uchi Gold Project (Au)

The Uchi Gold Project is located west of Uchi Lake, Ontario at the south end of a series of historical gold mines (Uchi Mine) on a north-south trend, the Uchi Deformation Zone.

This zone is within the Uchi Geologic Subprovince, which is the 2nd largest gold area in the Canadian Shield with several multi-million ounce deposits such as the Springpole and Dixie Projects.

Uchi Gold Sumary Image
Uchi Gold Sumary Image

Talbot Lake Project (Au)

The Talbot Lake Gold Project consists of 760 hectares underlain by a sequence of tholeiitic to komatiitic basalt containing several unexplored iron formations, and one partially-explored high grade vein-type gold deposit.

In addition to this acquisition, Argo Gold has staked an additional 399 claim units for a total of 7,982 hectares covering the geological strike extension of the Talbot Lake Gold Project. Argo Gold now controls a total of 23 line kilometres of iron formation containing very high-quality exploration targets for additional gold mineralization.

Zinc-Silver-Cobalt Exploration

Hurdman Zinc-Silver Property (Zn-Ag)

The Hurdman Zinc-Silver Project has 433 claims over 6,928 acres in the Hurdman Township located 120 kilometres NNW of Timmins, Ontario.

The property is underlain by a Hurdman Sulphide Zone considered to be a stratabound Zinc-Silver deposit at the juncture of a metasedimentary belt and structural zone.

Keelow Lake Project (Co)

The Keelow Lake Project (Cobalt) consists of 45 claim units covering 945 hectares in the Sault Ste. Marie Mining Division of north-central Ontario.

Granitoid and metasediment host rocks and anomalous cobalt in lake sediment warrants follow-up exploration in the Keelow Lake area including geological mapping, geophysics and historical work.

Alberta Oil & Gas

As a result of an increase in oil and gas prices, world energy supply issues, and the abundance of oil and gas exploration and development opportunities in Canada, Argo Gold Inc.   has finalized two letters of intent to earn into oil and gas exploration and development mineral lands.

The mineral lands are two separate Devonian oil prospects in southern Alberta. Argo Gold will earn a 100% working interest in the prospect lands, subject to a gross overriding royalty (GOR) to the holder of the mineral lands, in exchange for drilling one test well per prospect. The oil prospects are seismically defined and are located within in a well-known producing trend with proven oil zones and surrounding infrastructure. Four additional well locations have been identified on the two prospects. Estimated yield on the two initial test wells is estimated to be 100 bbl/day to 150 bbl/day in range and the estimated ultimate recovery (EUR) of the two initial wells is expected to be 275,000 bbl oil and 300,000 bbl oil respectively.

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