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Location

Raingold is located at the south end of the HST Zone (Hill-Sloan-Tivy) which also hosts the past-producing Grassett Mine.  The HST Zone is a parallel mineralized trend located 1 kilometre west of the main Uchi trend where the 2019 field program identified a strike length of 600 metres of anomalous gold.

Raingold is located at the south end of the HST Zone (Hill-Sloan-Tivy) which also hosts the past-producing Grassett Mine.  The HST Zone is a parallel mineralized trend located 1 kilometre west of the main Uchi trend where the 2019 field program identified a strike length of 600 metres of anomalous gold.

Raingold-Gold intersections from channel sampling on Geology Map
Raingold-Gold intersections from channel sampling on Geology Map

2020

At Raingold, a total of 71 samples were taken over 50 metres of diamond saw channels in the footwall, the hanging wall, and the mineralized zone.  Visible gold was identified in only one sample and 37 samples returned grades greater than 1 g/t Au.  The best intersections are 2.3 metres of 31.2 g/t Au, 1.9 metres of 29.8 g/t Au, 1.9 metres of 10.3 g/t Au, 2.65 metres of 5.4 g/t Au, 2.6 metres of 5.5g/t and 1 metres of 21.2 g/t Au.  Channel sampling results are also on the appended maps.

The mineralized zone is mainly hosted by silica-rich iron formation with siderite-ankerite alteration, disseminated pyrite-pyrrhotite and quartz-ankerite veining.

The 2020 assay results have increased the potential for economic gold mineralization at Raingold.  Exploration work will be expanded to the entire 600 metre strike length of the HST Zone in

 

2021

At Raingold, there is surface high-grade gold with 2021 channel sampling results of 32.84 g/t Au over 2.5 metres width.  Channel sample results are pending from the south extension zone stripped for 280 metres along a shear zone with abundant sulphides.  2021 drill results identified the mineralized zone 100 metres north of the high-grade gold along with a second mineralized trend of anomalous gold in breccia interpreted to be a new mineralized structure 100 metres east the HST trend which hosts the high-grade Raingold mineralization.  The 15 metres of high-grade gold in surface channel sampling at Raingold includes 31.2 g/t Au over 2.3 metres, 29.8 g/t Au over 1.9 metres, 10.3 g/t Au over 1.9 metres and 5.4 g/t Au over 2.65 metres.

 

In 2021, has completed a 17 hole, 2670 metre drill program at the Uchi Lake Gold Project.  Analytical results have been received and compilation of maps and interpretation are ongoing for all areas of drilling including Woco and Northgate.  The exploration targets at the Uchi Gold Project area continues to be the narrow vein, high-grade gold mineralization; a common economic model in the Canadian Shield where a series of high-grade gold veins are mined using narrow vein mining methods.  The 2021 drill program was designed to test additional new targets (75%) and expand known gold mineralization (25%).  The 2021 exploration program extended the strike length of the mineralized zones at Woco, Northgate and Raingold as well as identified a new zone of mineralization 100 metres east of Raingold.

The first three holes of the program, totalling 399 metres, targeted the Raingold gold bearing system, believed to lie on the “HST Break”.

In 2021, Argo Gold also completed overburden stripping and washing for 280 metres south of the high-grade Raingold Zone identified in the 2020 field season.  The 2021 channel sampling result of 32.84 g/t Au over 2.5 metres confirms high-grade gold mineralization at Raingold.  A zone of shearing is identified over the 280 metres of strike length south of Raingold and abundant sulphide mineralization is also identified along the newly exposed rock.  Channel sampling of the newly stripped shear zone extending 280 metres of south of Raingold is almost completed and will be sent to the lab for assay.  Argo Gold is also currently mapping at Raingold to understand the nature of the high-grade gold mineralization and its correlation to sulphides, structure and lithology.

Drill Hole AG21-016 was collared 100 metres north of the high-grade zone area at Raingold in a topographical low that was postulated to be a possible NW-SE cross structure.   Two areas of mineralization were encountered.  From 44 metres to 51.75 metres, there was a 7.75-metre intersection of 0.09 g/t Au.  This anomalous gold was hosted within sheared greywacke-argillite containing quartz-carbonate veinlets with minor sulphides and occurs on the footwall of a feldspar porphyry unit.  The second area of mineralization was encountered at 189.14 metres intersecting 1.18 g/t Au over 2.16 metres in a pyritic silicified healed fault breccia.  The second intersection of gold mineralization is thought to represent a new parallel mineralized trend approximately 100 metres east of the HST Break.

Drill hole AFR-21-017 targeted a high-grade gold mineralization exposed in the surface trench with a drill hole at a -45 dip.  While the structure was intersected with strong ankeritization from 32 metres to 36 metres, only very low gold values were returned.  Anomalous gold values were intersected from 36 to 39 metres for 3 metres of 0.6 g/t Au in lean iron formation.  Drill hole AGR-21-018, targeting the same trench with a steeper -60 hole, intersected lean iron formation, argillite and brecciated quartz but with no significant gold values. The HST Zone remains a compelling target and with anomalous gold values documented over a 500 metres of strike length and high-grade gold mineralization at the at Raingold zone including 2021 channel sampling results of 32.84 g/t Au over 2.5 metres. 

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