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Angold Commences Field Work at Uchi, Canada
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2022) - Angold Resources Ltd. ...
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[{"type":"text","content":"Angold Commences Field Work at Uchi, CanadaVancouver, British Columbia--(Newsfile Corp. - September 13, 2022) - Angold Resources Ltd. (TSXV: AAU) (FSE: 13L) (OTCQB: AAUGF) (\"Angold\" or the \"Company\") is pleased to announce that it has commenced the first field work season on its Uchi Project in the Birch-Uchi Greenstone Belt, in the prolific Red Lake mining district in Ontario, Canada. The Property covers an area of approximately 6,868 hectares (340 contiguous mineral claims) and was staked in 2019 and 2020. All claims are wholly owned by the Company, without royalties or other encumbrances. The Uchi project is strategically located north and on strike of two past producers, the South Bay Cu-Zn-Ag mine and the Uchi Au mine. Also situated 40 km south of First Mining Gold's Springpole Project (Figure 1), boasting a probable reserve of 3.80 Moz Au and 20.5 Moz Ag[1]. The Red Lake Greenstone Belt, contiguous with the Birch-Uchi Greenstone Belt, hosts a historical production greater than 29 million ounces of gold[2]. The Uchi Trend itself boasts 114,000 ounces of past gold production during the 1940s; however, the region was only mined and explored to shallow depths[3].Figure 1: Uchi Project location in the Confederation Lake area, Red Lake Mining District, Ontario.Angold's program includes sampling, prospecting, and mapping of areas surrounding the main target, where the Company intends to carry out an extended soil, and spatiotemporal geochemical hydrocarbon (\"SGH\") sampling survey in the southeastern part of the Property with potential for Greenstone hosted gold. The program will also include prospecting and sampling the north-central gold occurrences at Mimi Point and the Crabb Point VMS showing, as well as volcanic massive sulphide (\"VMS\") targets in the western portion of the project (Figure 2). Figure 2: The targets were selected based on a geophysical target model determined from the characteristics associated with the known mineralization occurrences on the Property and from a literature review of similar deposits.Angold's CEO, Mr. Adrian Rothwell, stated: \"We believe that exploration at the Uchi Project provides low cost added value to Angold's exploration portfolio in North America while we continue exploration in the United States, and advance permitting at our 100% owned Dorado Project in Chile. On-trend with kn...