Saturday 3rd December 2016

Resource Clips



Argonaut reports Mexico Gold Assays including 10.52 g/t over 27.4m

Resource Clips - essential news on junior gold mining and junior silver miningArgonaut Gold Inc TSX:AR announced results from its La Colorada Project in Sonora State, Mexico. Assays include

2.31 g/t gold and 32.8 g/t silver over 6.1 metres
5.83 g/t gold and 10.6 g/t silver over 5.6 metres
10.8 g/t gold and 26.4 g/t silver over 2 metres
8.99 g/t gold and 5.9 g/t silver over 8 metres
(including 34.73 g/t gold and 12.6 g/t silver over 2 metres)
10.52 g/t gold and 6.62 g/t silver over 27.4 metres
(including 108.41 g/t gold and 33.2 g/t silver over 1.5 metres)
1.07 g/t gold and 11.25 g/t silver over 94.5 metres
8.6 g/t gold and 5.25 g/t silver over 8 metres

The company also announced results from its San Antonio Project in Baja California Sur, including

1.55 g/t gold over 7.6 metres
0.56 g/t over 25.9 metres
0.6 g/t over 57.9 metres
0.94 g/t over 15.2 metres
2.58 g/t over 54.5 metres (including 10.38 g/t over 10.5 metres)
0.75 g/t over 51.7 metres
1.73 g/t over 12.9 metres

VP Exploration Tom Burkhart commented, “The drill program at La Colorada has been mainly focused on the Veta Madre target with four drill rigs active through the first four months of 2012. We have expanded Veta Madre, doubling the area of mineralization approximately 400 by 300 metres. The El Creston resource also remains a high priority with drilling scheduled during the second and third quarters of this year. Drilling in the El Creston mineralization continues down depth, below previous drilling, and on strike in both directions. In addition to ongoing resource delineation on Veta Madre and El Creston, the company has identified multiple target areas within the large La Colorada mineral system that are also scheduled for continued exploration and drilling.

“Results to date at the San Antonio drill program are promising. The drill program at San Antonio was designed to explore the extent and depth of mineralization of the newly identified La Colpa mineral zone. Mineralization at La Colpa has expanded, by approximately 250 metres north/south by 200 metres east/west, and remains open to the south and down dip. Our current thinking is that La Colpa represents a localized parallel zone of mineralization situated approximately 100 metres east of the main resource area. Additional drilling will be required to define the limits of La Colpa mineralization and the company expects that La Colpa may provide a near-surface addition to the San Antonio resource base.”

View Company Profile

Contact:
Nichole Cowles
Investor Relations Manager
775.284.4422 x 101

by Ted Niles

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