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Angold Reports Disseminated Silver Sulphides, Provides Drilling Update at Iron Butte, Nevada
Vancouver, British Columbia--(Newsfile Corp. - June 13, 2022) - Angold Resources Ltd. (TS...
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[{"type":"text","content":"Angold Reports Disseminated Silver Sulphides, Provides Drilling Update at Iron Butte, NevadaVancouver, British Columbia--(Newsfile Corp. - June 13, 2022) - Angold Resources Ltd. (TSXV: AAU) (FSE: 13L) (OTCQB: AAUGF) (\"Angold\" or the \"Company\") is pleased to announce that it has identified disseminated silver sulphide mineralization in the first hole of its Phase One core drilling program at Iron Butte, Nevada. The Company is drilling hole AAU22-001 in the planned Phase One program of up to a 2,926 meter, 5-hole program. For more information on planned drilling, with maps, please refer to our News Release dated April 19, 2022 on the Company's website or SEDAR.Figure 1: Quartz vein with fine grains of silver sulphides at 940' (287 m).To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/8126/127309_f04a929bb42218ff_001full.jpgAdrian Rothwell, President & Chief Executive Officer, said, \"These results are impressive, indicating the potential presence of significant mineralization in targeted geophysical and fault structures at depth, in a geological setting never before tested, and prior to hitting the projection of surface-mineralized faults at depth. We are excited for news to come.\"The frequency and width of veining has increased at depth, below the depth of historic drilling, in Hole AAU22-001 with disseminated silver sulphides in veinlets from about 940' (287m) from surface. Hole AAU22-001 was designed primarily to test a strong, coincident resistivity-chargeability high at depth, coincident with the projected triple intersection zone between several mineralized fault zones. This hole also represents a step out of approximately 76 metres south (at surface) of the nearest mineralized historic drillhole and has a target depth of 671 metres.Figure 2. Map showing the locations of Phase 1 proposed drilling.Figure 3. Cross-Sections of some selected drill holes - Phase 1 proposed drilling.Drilling to date within and at depth below the Red Ridge zone has encountered many epithermal quartz vein-veinlet zones displaying polyphase banding, some quartz after calcite pseudomorphs, and in some cases, silver sulfide mineral (acanthite) grains in specific bands. These textures and minerals together demonstrate the fertility of the system at this level and provide encouragement for significant pre...