Toronto, February 28, 2022 (GLOBE NEWSWIRE) — Angus Gold Co., Ltd. (TSX-V: GUS | OTC: ANGVF) (“Angus” or “society“) Is a six mineral claim (“”Acquisition claim”) Adjacent to and adjacent to the Golden Sky Project in Wawa, Ontario. We also recently announced that we have bet an additional 49 mineral claims (“Bet claim“). The Golden Sky Project is the site of significant new gold discoveries in the banded iron formation (“BIF”) and host of the historic gold resources of the Dorsett Zone. The integrated Golden Skyland package currently stands 261 square kilometers.
Steve Burleton, CEO of Angus, said: .. Since launching the exploration program on Golden Sky in early 2020, we have been encouraged by the positive results of this undeveloped land package. We continue to believe that this land package has great potential for more important discoveries and we are very excited about our upcoming drill program. Since the claim is adjacent to the project, the ongoing exploration program will include the new area. “
The acquisition claim was acquired on an inter-independent principle with a one-time cash payment of $ 14,000, the issuance of 50,000 common shares of Angus, and a 1.5% net smelter revenue royalty. rice field. 33.3% of them are available for purchase. For $ 500,000 depending on the company.
Completion of the acquisition is subject to the approval of all regulatory agencies, including the approval of the TSX Venture Exchange. Common stock is subject to the statutory four-month holding period.
Figure 1-Geological map of the Golden Sky Project
Golden Sky Project
The 100% owned Golden Sky project is located in the Mishibishu Lake Greenstone Belt in northern Ontario. This belt has Wesdome Gold Mines Ltd. There are luxury Eagle River and Mishi open pit gold mines.Wesdome“). The company’s 261 sq km land package is located approximately 50 km west of the town of Wawa, just off the two Wesdome mines. This project is the host of the Dorsett Gold Zone near the surface and is a historically estimated resource (0.50 g /) consisting of 40,000 ounces of gold (780,000 tonnes grading 1.4 g / t Au) of designated resources. Includes t Au cutoff)), and an estimated stock of 180,000 ounces of gold (1.2 g / t Au grade 4,760,000 tonnes). For more information on the Golden Sky Project, please refer to the NI 43-101 Technical Report for the Golden Sky Project, entitled “NI43-101 Technical Report Wawa Property Ontario, Canada” dated February 18, 2020. SEDAR profile.
The scientific and technical content of this press release has been reviewed and endorsed by Breanne Beh, P. Geo, an employee of the Company and a “qualified person” as defined below. National Instrument 43-101 – Disclosure Standards for Mineral Projects (“NI 43-101”).
About Angus Gold:
Angus Gold Inc. is a Canadian mineral exploration company focused on the acquisition, exploration and development of highly promising gold assets. The company’s flagship project is the Golden Sky Project in Wawa, Ontario.
Insiders currently own approximately 47% of the Company and approximately 9.9% of New Gold Inc. (TSX: NGD), based on the number of issued and issued common shares, respectively.
On behalf of Angus Gold Inc.
Chief Executive Officer and Director
Company website: www.angusgold.com
TSXV: GUS | USOTC: ANGVF
Description of future prospects
Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release. This news release contains certain “forward-looking statements” that do not consist of historical facts. Forward-looking statements include estimates and statements that describe our future plans, objectives, or goals, including words to the effect that we or management expect the stated conditions or results to occur. increase. Forward-looking statements include “believe,” “expect,” “expect,” “estimate,” “may,” “can,” “do,” “do,” and “plan.” Can be identified by term. Forward-looking statements are hypothetical and, by their nature, carry inherent risks and uncertainties in dealing with future events and circumstances. While these statements are based on information currently available to us, we do not guarantee that actual results will meet management expectations. Risks, uncertainties, and other factors associated with forward-looking information shall represent or imply actual events, results, performance, prospects, and opportunities with such forward-looking information. It can be very different. Information on the future outlook for this news release includes our objectives, goals or future plans, statements, exploration results, potential mineralization, mineral resource estimates, exploration and mining development plans, and timing of initiation. However, it is not limited to these. Operation and market quotes. Factors that may cause actual results to differ materially from such forward-looking information include, but are not limited to: -19 Capital markets, commodity price supply chain disruptions, restrictions on workers and workplace attendance and domestic and international travel, failure to obtain the necessary approvals for transactions planned under the agreement, specific failures in mineral resources Failure to convert estimates, mineral resources to reserves, inability to complete feasibility studies recommending production decisions, preliminary nature of metallurgical test results, delay in obtaining required government, environmental or other project approvals Or uncertain future availability and costs of funding, stock market changes, inflation, exchange rates, uncertain future needs to address acquisition failures, political risks, failure to meet obligations, Firstnation and other indigenous people These risks are involved in the contaminated mineral exploration and development industry associated with changes, fluctuations in commodity prices, delays in project development, and significant differences in capital and operating costs from estimates and other risks, and these risks are SEDAR. It is described in our public document submitted to. We believe that the assumptions and factors used in the preparation of information regarding the future outlook for this news release are reasonable, but are excessive for such information that applies only as of the date of this news release. You shouldn’t trust and can’t guarantee. It is assumed that such an event will not occur within the disclosed time frame or at all. We disclaim any intention or obligation to update or revise future outlook information as a result of new information, future events, etc., except as required by law.
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Angus Gold continues to expand its land packages with the Golden Sky Project, Wawa and Canadian Business Journal
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