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Angus Gold Inc
Symbol GUS
Shares Issued 60,331,050
Close 2025-01-13 C$ 0.49
Market Cap C$ 29,562,215
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Angus Gold begins 15,000 m drill program at Golden Sky

2025-01-14 11:37 ET - News Release

Ms. Breanne Beh reports

ANGUS GOLD COMMENCES 2025 DRILLING PROGRAM ON THE GOLDEN SKY PROJECT, WAWA

Angus Gold Inc. has begun its 2025 drilling program on its 100-per-cent-owned Golden Sky project located in Wawa, Ont. The 2025 drill program will continue to expand and delineate gold mineralization at the company's Dorset and BIF zones. The majority of the winter drilling will be focused on the Dorset gold zone, with infill drilling planned along the historical resource area, in addition to stepout drilling planned on the eastern extension and the western extension, where Angus has successfully intersected a new zone of high-grade gold, including seven grams per tonne gold over 12.4 metres in hole GS-24-136 (see news release dated May 7, 2024).

Highlights:

  • A total of 15,000 metres of drilling planned for the Golden Sky project in 2025.
  • Drill results from the Dorset fall program, focused on the Dorset high-grade gold zone, will be released in the coming weeks.
  • Fully financed 2025 exploration budget with over $6.5-million in treasury.

Breanne Beh, chief executive officer of Angus, stated: "Thanks to the positive results that have come back from our 2024 exploration programs, we are excited to start our 2025 drill program with two rigs turning on the Dorset gold zone, an area that has quickly become a high-priority exploration area for the company. In addition to Dorset, our 2025 drilling efforts will also focus on advancing our BIF and Eagle River Splay gold discoveries. Angus is well positioned, starting the year with a strong treasury that will allow us to continue to accelerate our programs and continue to assess the exploration potential of the entirety of the Golden Sky land package."

The Golden Sky project

The 100-per-cent-owned Golden Sky project is located within the Mishibishu Lake greenstone belt of Northern Ontario, which is host to Wesdome Gold Mines Ltd.'s high-grade Eagle River and the Mishi open-pit gold mines. The company's 290-square-kilometre land package is located approximately 50 kilometres west of the town of Wawa and is situated immediately between the two Wesdome mines.

The continuing drill program on the Golden Sky project is focused on: the Dorset gold zone, which hosts a historical gold resource; the BIF zone, a new gold zone discovery in a large, banded iron formation; as well as the Eagle River Splay deformation zone, which shows potential for another extensive gold system. Angus's drill programs on the near-surface Dorset gold zone have been successful at extending the strike length of the previously modelled zone from 750 metres to 1.7 kilometres. The Dorset gold zone historical estimated resource (using a 0.50 g/t Au cut-off) consists of an indicated resource of 40,000 ounces of gold (780,000 tonnes grading 1.4 g/t Au) and an inferred resource of 180,000 ounces of gold (4.76 million tonnes grading 1.2 g/t Au). For greater details on the Golden Sky project, please refer to the National Instrument 43-101 technical report for the Golden Sky project entitled "NI 43-101 Technical Report Wawa Property Ontario, Canada," dated Feb. 18, 2020, and available on the company's SEDAR+ profile.

Qualified person

The scientific and technical content of this press release has been reviewed and approved by Breanne Beh, PGeo, a qualified person as defined by National Instrument 43-101, and president and chief executive officer of the company.

Quality assurance/quality control

During the last drilling program, assay samples were taken from the NQ core by sawing the drill core in half, with one-half sent to a certified commercial laboratory and the other half retained for future reference. A strict quality assurance/quality control program was applied to all samples, which includes the insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire assay with an atomic absorption finish on 50 grams of material. Repeats were carried out by fire assay followed by gravimetric testing on each sample containing 3.0 g/t gold or more.

About Angus Gold Inc.

Angus Gold is a Canadian mineral exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The company's flagship project is the Golden Sky project in Wawa, Ont. The project is immediately adjacent to the Eagle River mine of Wesdome Gold Mines.

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