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Angold Enters into Option to Acquire the Hope Butte Gold Project, Oregon, USA
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2022) - Angold Resources Ltd. (T...
About this update from Manhattan Uranium Discovery Corporation
[{"type":"text","content":"Angold Enters into Option to Acquire the Hope Butte Gold Project, Oregon, USAVancouver, British Columbia--(Newsfile Corp. - October 17, 2022) - Angold Resources Ltd. (TSXV: AAU) (FSE: 13L) (OTCQB: AAUGF) (\"Angold\" or the \"Company\") is pleased to announce that it has entered into an agreement with Hightest Resources, LLC (the \"Vendor\"), an arms-length party, pursuant to which it has been granted the right to earn a 100% undivided ownership interest in the Hope Butte Project (\"Hope Butte\" or the \"Property\"), located in Malheur County, Oregon, USA (the \"Acquisition\"). Highlights:Intact low-sulfidation epithermal gold system with good surface grades of ~1 g/t Au.At surface and predominantly oxide mineralization with infrastructure nearby and favourable topography amenable to potential low-cost mining operations.Untested high-grade potential with historic intercepts of up to 35.6 g/t Au over 4.57m.Large alteration and structural footprint measuring at least 3 km x 2 km which likely continues under cover. Mineralization is open to expansion where widely spaced and shallow historic drilling averaged depths of only 120 m and did not exceed 167 m. Permittable regulatory environment in eastern Oregon, an emerging part of the United States open to mineral development with a clear statutory path to permit.Favourable option terms with low up-front costs allowing for more investment into project advancement and development.Historic Drilling1: 104 known historic drill holes for gold exploration between 1985 and 2012. Historic drilling was completed by Chevron Resources, Freeport, Homestake, Horizon and Kenai Resources. Chevron's 1980's era historical drilling highlights (see footnote above for source and qualifications) include:21-2:          88.4 m @ 0.890 g/t Au21-10:        71.6 m @ 1.096 g/t Au21-14:        96 m @ 0.822 g/t Au21-26:        71.6 m @ 1.233 g/t Au21-28:        112.8 m @ 0.959 g/t Au21-32:        4.57 m @ 35.616 g/t Au (visible gold)21-42:        3.04 m @ 10.548 g/t Au21-43:        3.04 m @ 12.432 g/t AuAngold's CEO, Mr. Adrian Rothwell, stated: \"This acquisi...