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Angold Discovers New Gold Zones, Stakes Additional 1,540 ac. at Iron Butte, Nevada
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2022) - Angold Resources Ltd. (...
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[{"type":"text","content":"Angold Discovers New Gold Zones, Stakes Additional 1,540 ac. at Iron Butte, NevadaVancouver, British Columbia--(Newsfile Corp. - February 22, 2022) - Angold Resources Ltd. (TSXV: AAU) (FSE: 13L) (OTCQB: AAUGF) (\"Angold\" or the \"Company\") is pleased to announce that it has identified new zones of gold mineralization to the north and west of the historic resource at Iron Butte, with samples of up to 0.6 g/t gold and high mercury (a pathfinder for gold in low sulfidation systems) at surface. An additional 77 claims have been staked adding to this Northern Extension Area for a total contiguous claim area of 267 claims over 5,340 acres. The combined strike of anomalous mineralization in the Northern Extension Area and the historic resource zones is approximately 5 km.Figure 1. Coincident gold-mercury (Au-Hg) anomalies (red ovals) within the North Extension Area. Anomalies are open to the east within the Caetano Caldera and to the north under shallow gravel cover. Blue outline area is the newly acquired claims while the green is existing claims. Geology from Colgan et al., 2011.Key HighlightsHistoric Resource: Iron Butte boasts an historic resource of 606,186 oz Au at 0.62 g/t (not 43-101 compliant) with multiple opportunities for expansion.Large Mineralized Strike: of approximately ~5 km in length, with consistent gold mineralization along the entirety of the range front on the Company's claims.Multiple Targets: includes the Northern Extension Area as well as open mineralization along strike to the north and south of the historic resource area. Higher Grade: near paleosurface (shallow) level of exposure within the epithermal system and potential for higher grade gold mineralization at depth.Geophysics: has identified shallow structures in the Northern Area Extension as well as at depth in the historic resource area.Permitted: for drilling in 2022. Expect further news soon.Adrian Rothwell, President & Chief Executive Officer, said, \"These results indicate the presence of a potentially large zone of mineralization to the north of the historic resource, in an area never before tested and where pediment remains shallow. We are excited to commence drilling at Iron Butte in the coming months to grow resources on multiple targets. Interpretation of geophysics and drill targeting is ongoing, to be released soon.\"Figure 2. Location ...