Argo Gold Update – October 2017

Oct 16, 2017

Argo Gold Update – ARQ on the CSE

On August 8^th 2017 Argo Gold press released acquisition of the Northgate Gold Project adjacent to its flagship Woco Gold Project.
Exploration field work commenced in mid May at the Woco project – 50 kilometres east of Red Lake – in mid-May to follow-up on a 1993 discovery where drill intercept highlights include; 1.89 oz./ton gold over 11.9 feet and 1.83 oz./ton gold over 6 feet. 1994 drill intercept highlights of the down-plunge and strike extension include; 4.08 oz./ton gold over 6.9 feet and 1.24 oz./ton gold over 5.6 feet.

3) Exploration field work commenced at the beginning of May in the Wawa area where Argo Gold has five 100% owned projects peripheral to Wesdome and Richmont Mine’s gold mining operations. Historic surface channel sampling and drill results indicate the projects have the potential to be economic viable in low-grade open pit and high-grade underground mine scenarios – particularly given the proximity to local mils. It is interesting to note that gold exploration drilling grades and widths at both Wesdome Gold Mines and Richmont Mines operations in the Wawa area greenstone belts have continued to outperform over the last couple of years.

4) Argo Gold raised $850,000 in May from the financing and warrant exercise.

Argo Gold will be press releasing the results of the 2017 field exploration season over the next month.

Argo Gold has 28.2 M shares outstanding and 2.6 M warrants.

The current $5 million market capitalization is an intriguing opportunity. The company trades as “ARQ” on the Canadian Stock Exchange (the CSE – www.thecse.com ).

Argo Gold is focused on gold exploration projects in central and northwestern Ontario that have indications of economic viability. All of Argo Gold’s projects are 100% owned by the company providing for all the upside to Argo Gold shareholders.

http://www.argogold.ca/index.php/press-releases.html