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Angold Reports 94.5 Metres of 0.81 g/t Gold Equiv. from Surface at Iron Butte
Widespread gold mineralization confirmed and new high-grade zone intersected Vancouver, Briti...
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[{"type":"text","content":"Angold Reports 94.5 Metres of 0.81 g/t Gold Equiv. from Surface at Iron ButteWidespread gold mineralization confirmed and new high-grade zone intersectedVancouver, British Columbia--(Newsfile Corp. - November 7, 2022) - Angold Resources Ltd. (TSXV: AAU) (FSE: 13L) (OTCQB: AAUGF) (\"Angold\" or the \"Company\") is pleased to announce assay results for its 2022 drilling program at its Iron Butte Project, located approximately 60 kilometres (\"km\") south of Battle Mountain, Nevada.Key Highlights:Robust mineralization has been confirmed at Red Ridge with 0.81 g/t gold equivalent* (0.64 g/t Au and 14.3 g/t Ag) over 94.5 m from surface in hole AAU22-04;A new zone featuring the highest grade ever drilled on the project has been intersected 91 m beneath the Red Ridge zone with 13.62 g/t gold equivalent* (13.48 g/t Au and 11.5 g/t Ag) over 1.52 m from 405.4 m in hole AAU22-04;Anomalous gold was intersected over the entire 457 m length of hole AAU22-04 where the outer extent of the mineralized system was not reached;Step-out drilling has intersected strong mineralization 135 m down-dip from the North Zone with 0.58 g/t gold equivalent* (0.45 g/t Au and 10.2 g/t Ag) over 19.8 m from 153.9 m in hole AAU22-02;High-grade potential in the North Zone remains untested below veins mapped at surface;Potential between Red Ridge and North Zone untested at depth where drilling was historically shallow and widely spaced.* Gold equivalent is calculated using US$1,700/oz Au and US$20/oz Ag. 100% metallurgical recoveries are assumed. True widths are unknown.A total of 5 drill holes were completed for a total of 2,152 metres. Drilling was distributed across the project area, with three holes into the Red Ridge Zone, one at the North Zone. Angold's CEO, Mr. Adrian Rothwell, stated: \"Angold is pleased to announce excellent results from its maiden drill program on the Iron Butte Project. This program was high risk, with large step-outs that tested extensions of mineralization. Results confirmed mineralization is constrained within tenure boundaries, and expands opportunities in high grade material at depth as well as in new zones at both Red Ridge and North Zone.\"Figure 1. Iron Butte 2022 Red Ridge and North Zone drill collar and cross section locations. Figure-section numbers correspond with figure numbers in text below.To view an enhanced version of Fig...