Argonaut Gold Inc. (TSX: AR) announced this morning the drill results from below the El Crestón open pit at its La Colorada mine in Sonora, Mexico. The results, including intersects of 383.0 g/t of gold and 113.5 g/t of silver over 3.0 metres, revealed high-grade veins extending below the planned El Crestón ultimate pit.
Highlights of the drill results announced today include:
- 20-LCRC-592: 98.9 g/t gold and 30.3 g/t silver over 12.2 metres, including 383.0 g/t gold and 113.5 g/t silver over 3.0 metres
- 20-LCRC-562: 44.6 g/t gold and 274.9 g/t silver over 21.3 metres, including 283.1 g/t gold and 858.0 g/t silver over 3.0 metres
- 20-LCRC-574: 31.1 g/t gold and 514.7 g/t silver over 3.0 metres
Drilling results come from below the El Creston pit, where the company intersected high grade results suitable for underground mining. Veins found here are reportedly extensions of the veins currently being mined within the open pit.
Argonaut reported that it was able to add 130,000 gold ounces to its reserves from La Colorada in 2020 and after today’s results, plans to continue with the drill program as it works to expand resources on the property.
Full details of the drill results can be accessed here.
Argonaut Gold Inc. last traded at $2.71 on the TSX.
Information for this briefing was found via Sedar and Argonaut Gold. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.