-- Argo Gold (ARQ.CN) on Thursday said it received a mineral-exploration permit for the Uchi Gold project in northwestern Ontario.
The company said its 2021 exploration program at the 25-square kilometer property extended the strike length of the mineralized zones at Woco to 400 meters, at Northgate to 500 meters and at Raingold a new zone of mineralization was identified 100 meters east of Raingold. Drill results at Woco include 132.3 grams per tonne (g/t) gold (Au) over 1.8 meters at 88 meters and 20.4 g/t Au over 0.5 meters at 107 meters.
It also said that at Northgate, the known gold mineralization has a strike length of about 500 meters. Drill hole AGN-21-024 intersected 26.26 g/t Au over 2.65 meters, drill hole AGN-21-025 intersected 9.24 g/t Au over 0.95 meters and drill hole AGN-21-30 located 225 meters northeast of the main Northgate area intersected 22.7 g/t Au over 1.15 meters.
Shares of the company were last seen up $0.005 to $0.09 on the Canadian Securities Exchange.