Reported Earnings • May 05
Full year 2025 earnings released: CA$0.013 loss per share (vs CA$0.006 profit in FY 2024) Full year 2025 results: CA$0.013 loss per share (down from CA$0.006 profit in FY 2024). Revenue: CA$1.52m (down 32% from FY 2024). Net loss: CA$920.9k (down 311% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Jan 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Market cap is less than US$10m (CA$6.50m market cap, or US$4.67m). Minor Risk Revenue is less than US$5m (CA$1.8m revenue, or US$1.3m). Tillkännagivande • Dec 23
Argo Gold Inc., Annual General Meeting, Feb 26, 2026 Argo Gold Inc., Annual General Meeting, Feb 26, 2026. Reported Earnings • Dec 03
Third quarter 2025 earnings released: EPS: CA$0.001 (vs CA$0.003 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.001 (down from CA$0.003 in 3Q 2024). Revenue: CA$355.1k (down 40% from 3Q 2024). Net income: CA$64.3k (down 72% from 3Q 2024). Profit margin: 18% (down from 39% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.004 profit in 2Q 2024) Second quarter 2025 results: CA$0.002 loss per share (down from CA$0.004 profit in 2Q 2024). Revenue: CA$400.4k (down 36% from 2Q 2024). Net loss: CA$162.6k (down 157% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
First quarter 2025 earnings released First quarter 2025 results: Revenue: CA$576.8k (up 11% from 1Q 2024). Net income: CA$129.8k (up 189% from 1Q 2024). Profit margin: 23% (up from 8.6% in 1Q 2024). The increase in margin was primarily driven by higher revenue. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (23% accrual ratio). Market cap is less than US$10m (CA$6.25m market cap, or US$4.39m). Minor Risks High level of debt (70% net debt to equity). Revenue is less than US$5m (CA$2.2m revenue, or US$1.5m). New Risk • Nov 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). High level of non-cash earnings (23% accrual ratio). Market cap is less than US$10m (CA$4.76m market cap, or US$3.40m). Minor Risks High level of debt (70% net debt to equity). Revenue is less than US$5m (CA$2.2m revenue, or US$1.5m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: CA$0.003 (vs CA$0 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.003 (up from CA$0 in 3Q 2023). Revenue: CA$594.3k (up 107% from 3Q 2023). Net income: CA$230.3k (up CA$237.2k from 3Q 2023). Profit margin: 39% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Sep 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (CA$5.43m market cap, or US$3.99m). Minor Risk Revenue is less than US$5m (CA$1.9m revenue, or US$1.4m). Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CA$0.004 (vs CA$0 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.004 (up from CA$0 in 2Q 2023). Revenue: CA$621.2k (up 194% from 2Q 2023). Net income: CA$284.5k (up CA$311.8k from 2Q 2023). Profit margin: 46% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 08
Argo Gold Inc. (CNSX:ARQ) agreed to acquire Mineral claims located in North Saskatchewan for CAD 0.08 million. Argo Gold Inc. (CNSX:ARQ) agreed to acquire Mineral claims located in North Saskatchewan for CAD 0.08 million on August 7, 2024. A consideration consists of CAD 7000 will be paid by Argo Gold Inc. The consideration consists of 1 million common equity of Argo Gold Inc. having a value of CAD 0.07 million to be issued for assets of Mineral claims located in North Saskatchewan. New Risk • May 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.7m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 0.5% per year over the past 5 years. Revenue is less than US$1m (CA$953k revenue, or US$696k). Market cap is less than US$10m (CA$6.00m market cap, or US$4.38m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Tillkännagivande • Sep 22
Argo Gold Inc. Provides Update on Lloyd Oil Argo Gold Inc. announced that drilling has begun at the Lloyd oil well proximal to Lloydminister, Alberta. The Lloyd oil well is a mulit-lateral horizontal oil well targeting 3000 metres in the Sparky oil formation. Argo's interest in Lloyd is pursuant to Argo's second participation agreement with Croverro Energy, whereby Argo is paying the operator 25% of the cost to drill, complete, and fully equip or abandon the well to earn an 18.75% interest in the well. Estimated costs are $450,000 and Argo's 18.75% share of oil production is estimated to be 30 barrels of oil per day. Argo also announces that Judy Baker, CEO of the company, is loaning Argo $310,000 to fund a portion of drilling at the Lloyd oil well. The secured loan has a term of 10 months and bears an interest rate of 10% per annum. The loan is a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The loan transaction is exempt from the MI 61-101 valuation and minority approval requirements for related party transactions pursuant to the exemptions contained sections 5.5(a) and 5.7(a) of MI 61-101, respectively, as neither the subject matter of, nor the consideration for, the loan, exceeds 25% of Argo's market capitalization. Argo is currently completing a non-brokered private placement of up to 12,000,000 common shares at a price of $0.10 per share, for gross proceeds of up to $1,200,000. The proceeds of the financing will be used for participation in the Sparky oil wells at Lloyd and Lindbergh, and for general corporate purposes. Finder's fees may be payable to qualified individuals pursuant to which the finder may receive a finder's fee equal to 8% of the gross proceeds of the financing attributable to such finder. New Risk • Aug 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$776k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$776k free cash flow). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (CA$224k revenue, or US$166k). Market cap is less than US$10m (CA$8.98m market cap, or US$6.64m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Jonathan Armes was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 14
Argo Gold Inc. announced that it expects to receive CAD 2.5 million in funding Argo Gold Inc. announced a private placement of up to 25,000,000 shares at a price of CAD 0.10 per share for gross proceeds of up to CAD 2,500,000 on January 13, 2022. The company may pay finders' fee equal to 8% of the gross proceeds of the financing sold by such finder. The financing closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. Tillkännagivande • Nov 09
Argo Gold Inc. (CNSX : ARQ) entered into an agreement to acquire 18,000 contiguous acres in the Clearwater Play around the Nipisi area of Alberta from Tamarack Valley Energy Ltd. (TSX : TVE) for CAD 0.73 million. Argo Gold Inc. (CNSX : ARQ) entered into an agreement to acquire 18,000 contiguous acres in the Clearwater Play around the Nipisi area of Alberta from Tamarack Valley Energy Ltd. (TSX : TVE) for CAD 0.73 million on November 7, 2022. The transaction is subject to normal closing conditions and customary due diligence. The transaction is expected to close by mid December, 2022. Tillkännagivande • Oct 29
Argo Gold Inc. Announces Management Changes Argo Gold Inc. announced that it is expanding its team with James Bell as Vice President Business Development and Zubin Sethna as Chief Investment Officer. James Bell has over 25 years of experience in the Canadian energy industry with experience in Land, Contracts, Joint Ventures, Stakeholder Relations and Business Development. Prior to joining Argo Gold, Mr. Bell was the Vice President, Commercial of a private junior energy producer. He has served in various management roles in both the private and public companies ranging in size from juniors to senior producers. Mr. Bell has been instrumental in helping his previous employers achieve tremendous growth. He began his professional career at Amoco Canada after graduating from the University of Calgary with a BA in Economics and is an active member of the Canadian Association of Land and Energy Professional (CALEP). Zubin Sethna specializes in creative financing strategies for real estate acquisitions and mineral exploration firms. His expertise includes financially restructuring corporations with intentions to undertake large scale projects or asset acquisitions superseding the company's current financial wherewithal. Mr. Sethna has served as a member of the advisory board for various public and private corporations. His investor-first approach results in strategic plans designed to increase the market capitalizations of the corporations he serves. Upon earning his MBA, he was recognized on the Dean's Merit List among the top 10% of his graduating class. Tillkännagivande • Sep 27
Argo Gold Inc., Annual General Meeting, Dec 01, 2022 Argo Gold Inc., Annual General Meeting, Dec 01, 2022. Tillkännagivande • Sep 21
Argo Gold Inc. Appoints Gary Lobb as CFO Argo Gold Inc. announced that Gary Lobb has joined Argo as CFO. Mr. Lobb is a CPA /CA with over 25 years of executive experience primarily with entrepreneurial, growth companies (both public and private). He has a diverse background in the energy industry having held VP Finance /CFO positions in multiple upstream oil & gas and oilfield service companies. He was also the Director of Finance with a US- based private merchant bank making impact investments partnering with Indigenous Nations on a variety of projects. Mr. Lobb earned his CA with Arthur Anderson in 1988. Tillkännagivande • Aug 13
Reinhard Schu Steps Down from Argo Gold Inc.'s Board of Directors Argo Gold announced that Reinhard Schu has stepped down from the board of directors. Tillkännagivande • Jul 09
Argo Gold Inc. Appoints Vivian Austin as Corporate Controller Argo Gold Inc. announced that Vivian Austin has joined the company as Corporate Controller. Ms. Austin has twenty-five years experience in progressive accounting positions with a publicly traded mining company on both the TSE and NYSE exchanges, with revenues to USD50 MM/yr. This company also had significant international (Zambian and Mongolian)assets, and as such, Ms. Austin is familiar with all cross-border tax and accounting issues, such as ASPE, IFRS, SOX, and VAT. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent Director George Langdon is the most experienced director on the board, commencing their role in 2013. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Apr 26
Argo Gold Inc. Identifies Gold Mineralized Extension at Raingold and HST Zone at Uchi Gold Project Argo Gold Inc. has identified a gold mineralized extension at the Raingold and HST Zone at the Uchi Gold Project. Raingold is located along the HST Zone (Hill-Sloan-Tivy) which also hosts the past-producing Grassett Mine to the north. The HST Zone is a parallel mineralized trend located one kilometre west of the main Uchi - Northgate gold mineralized trend at the Uchi Gold Project. In 2020, 71 samples were taken over a strike length of 50 metres of diamond saw channels in the footwall, the hanging wall, and the mineralized zone at Raingold. Visible gold was identified in only one sample and 37 samples returned grades greater than 1 g/t Au. The best intersections at Raingold were 2.3 metres of 31.2 g/t Au, 1.9 metres of 29.8 g/t Au, 1.9 metres of 10.3 g/t Au, 2.65 metres of 5.4 g/t Au, 2.6 metres of 5.5g/t and 1 metres of 21.2 g/t Au. The mineralized zone is mainly hosted by silica-rich iron formation with siderite-ankerite alteration, disseminated pyrite-pyrrhotite and quartz-ankerite veining. In Spring 2021, Argo Gold drilled a total of 399 metres at the Raingold and the HST Zone. Only anomalous gold was intersected at depth. A step-out drill hole located 100 metres to the north identified anomalous gold across two structures where the second mineralized structure is identified as a new mineralized trend 100 metres to the east of the HST Zone. In Spring 2021, Argo Gold also confirmed high-grade gold in channel sampling 32.84 g/t Au over 2.5 metres at Raingold. In late 2021, Argo Gold also completed overburden stripping and washing for 280 metres south of the high- grade Raingold area along the near vertical HST Zone following quartz veining and sulphide mineralization along the sheared break. Sixty-two channel samples across 35 channels perpendicular to strike were taken along the south extension of the Raingold - HST Zone with an average spacing of 7.7 metres. Gold mineralization is associated with abundant quartz veins and veinlets, iron formation, pyrite or ankerite alteration. The Fall 2021 channel samples are shown on the Raingold map where the best intercept is 15.4 g/t Au over 0.9 metres. It is significant that this sample was the farthest sample to the south and the trench geologic structure remains open in that direction. QA/QC: Samples were taken tagged and transported securely by Argo personnel to ActLabs, a certified assay lab, and all blanks, duplicates and standards were well within acceptable tolerances. Chipped out channel samples were securely bagged and tagged on site by Argo Gold personnel. Argo instituted a rigorous program of inserted duplicates, blanks and standards. The total sample set of 65 rock samples included 3 sets of field duplicates, as well as 3 standard samples (two separate OREAS control standards representing low and medium -grade values; #238 x2 and #260 x1), and 3 blanks, for a total of 71 assays. Argo Gold ensured that a blank, duplicate or standard was included every ten samples. Samples were transported by Argo personnel to Activation Laboratories Ltd. (ActLabs) in Dryden, Ontario, which is ISO 17025 accredited. At ActLabs, the samples were sorted and dried in a 60°C oven. Each sample was crushed to 90% passing 10 mesh, riffle split, and a 250 g split was pulverized to 95% -150 mesh. Every pulverized sample was analyzed for gold using Fire Assay (FA) with an Atomic Absorption (AA) finish. Samples with FA-AA values were over 5.00 g/t, were re-assayed by Fire Assay with a gravimetric finish. To ensure high quality results, ActLabs has their own internal system of inserted blanks, duplicates and standards, which were also within acceptable tolerances. All distances represented in the attached analytical table are measured perpendicular to the geological strike, and as the dip is essentially vertical in all cases, therefore represents true thickness. All gold results are as received from the analytical laboratory and any cutting factors have not been applied. Tillkännagivande • Apr 21
Argo Gold Inc. Stakes Copper Exploration Mineral Claims in the Marshall Lake Area Argo Gold Inc. has staked copper exploration mineral claims in the Marshall Lake Area located 250 kilometres north of Thunder Bay, Ontario. The four claim blocks cover 50 square kilometres that is prospective for copper mineralization indicated by known sulphide mineralization present in the area Marshall assemblage. The SW Claim Block is on the NE -SW trend line of local faults and is possibly down dip of the east dipping F2 fold. The North Claim Block is underlain by the Marshall assemblage, multiple faults, the F1 fold and the gabbroic intrusion associated with known mineralization in the camp. The East Claim Block covers the F2 fold extension associated with the trend of notable VTEM anomalies. The SE Claim Block has historic drill holes intersecting the lithology similar to Marshall Lake including sulphides with 12 historic assessment reports assaying for nickel and copper. Tillkännagivande • Dec 31
Argo Gold Inc. announced that it has received CAD 0.350004 million in funding Argo Gold Inc. announced a private placement of up to 2,916,700 flow through common shares at an issue price of CAD 0.12 per flow through common share for proceeds of up to CAD 350,004 on December 30, 2021.. All securities issued under the transaction are subject to a four-month and one day statutory hold period. The company paid finders’ fee of CAD 28,000.32. The Company will renounce such CEE to the purchasers of the Flow-Through Shares with an effective date of no later than December 31, 2021. The financing was subscribed to by a long-term institutional shareholder of the Company. Tillkännagivande • Jul 16
Argo Gold Inc. Completes A 2670 Metre Drill Program at the Uchi Lake Gold Project Argo Gold Inc. has completed a 2670 metre drill program at the Uchi Lake Gold Project. The drill program tested the downdip and strike extension at Northgate, biogeochemical anomalies proximal to the main mineralized Woco-Northgate trend, and drill tested Raingold on a parallel mineralized structure (the HST Zone) located to the west of the main mineralized Woco-Northgate structure. Argo Gold initiated bedrock stripping, trenching, washing, geological mapping and channel sampling at the Uchi Lake Gold Project in April 2021 and will continue in phases throughout the 2021 field season. Objectives of the bedrock stripping and trenching are to expand and define known gold mineralization, identify additional gold mineralization along the mineralized trends, and to follow-up on the numerous biogeochemical anomalies identified by the Summer 2019 biogeochemical survey that
covered 5 kilometres of strike length on the main mineralized trend. The Uchi Lake Gold Project: The exploration targets for the Uchi Gold Project area continues to be the narrow vein, high-grade gold mineralization; a common economic model in the Canadian Shield where a series of high-grade gold
veins are mined using narrow vein mining methods. Tillkännagivande • Jun 09
Argo Gold Inc. Commences Drilling At the Uchi Lake Gold Project Argo Gold Inc. has commenced drilling at the Uchi Lake Gold Project. A helicopter supported program started in early June. All drill sites have been spotted and most drill pads are cut for a 2500 metre drill program. The program is designed to test the down-dip continuity of high-grade gold results returned from the 2020 channel sampling program as well as test reconnaissance targets along the projected strike of known high-grade mineralization. The drill rig is currently at the Raingold Zone, which has never been drilled, and one of the first targets will be to test down-plunge of the channel intersection of 2.3 metres (true width) of 31.2 g/t Au which was returned from the 2020 field exploration program. Argo Gold initiated bedrock stripping, trenching, washing, geological mapping and channel sampling at the Uchi Lake Gold Project in April 2021 and will continue in phases throughout the 2021 field season. Objectives of the bedrock stripping and trenching are to expand and define known gold mineralization, identify additional gold mineralization along the mineralized trends, and to follow-up on the biogeochemical anomalies identified by the Summer 2019 biogeochemical survey that covered 5 kilometres of strike length on the main mineralized trend. (Argo Gold news release October 28, 2019). Argo has also completed a LiDAR and Aerial Photography at Argo Gold's Uchi Lake Project in the Red Lake District. The data collection by Eagle Mapping covered 23.2 square kilometers consisting of 10 strips with > 50% overlap totalling 65-line kilometers. The data provided by the survey are being used to enhance the base map and assist with planning, access and execution of bedrock stripping, trenching, washing, channel sampling, geological mapping, and drilling. The data is also useful in identifying geophysical structures under canopy allowing for visualization of resistant or recessive lithologies, faults, and veins. The Uchi Lake Gold Project: The exploration targets for the Uchi Gold Project area continues to be the narrow vein, high-grade gold mineralization; a common economic model in the Canadian Shield where a series of high-grade gold veins are mined using narrow vein mining methods. Tillkännagivande • Dec 26
Argo Gold Inc. announced that it has received CAD 1.835675 million in funding On December 24, 2020, Argo Gold Inc. (CNSX:ARQ) closed the transaction. The company has issued 8,261,232 units for gross proceeds of CAD 1,404,409.44 and 1,960,300 flow-through shares for a gross proceeds of CAD 431,266; aggregate gross proceeds of CAD 1,835,675.44. The transaction included participation from insiders of the company for 1,676,000 units for gross proceeds of CAD 284,920. The company has paid finders' fee of CAD 95,987.90 in cash and issued 533,333 common share purchase warrants. The transaction was oversubscribed. Recent Insider Transactions • Dec 23
CEO & Director recently sold CA$214k worth of stock On the 14th of December, Judith Baker sold around 1m shares on-market at roughly CA$0.17 per share. This was the largest sale by an insider in the last 3 months. Judith has been a seller over the last 12 months, reducing personal holdings by CA$199k. Tillkännagivande • Dec 17
Argo Gold Inc. announced that it expects to receive CAD 1.06 million in funding Argo Gold Inc. (CNSX:ARQ) announced a private placement of up to 3,000,000 units at an issue price of CAD 0.17 per unit for proceeds of up to CAD 510,000 and up to 2,500,000 flow through shares at a price of CAD 0.22 per share for proceeds of CAD 550,000 for gross proceeds of CAD 1,060,000 on December 15, 2020. Each unit consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase a common share at an exercise price of CAD 0.24 for a period of 24 months following the closing. All securities issued under the transaction are subject to a four-month and one day statutory hold period. The company may pay finders’ fee equal to 7% of the gross proceeds and finder warrants entitling the finder to purchase that number of common shares of the company equal to 7% of the aggregate number of units and/or flow-through shares sold by such finder. The transaction is expected to close on or about December 18, 2020, or such other later date as the company may agree. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. Tillkännagivande • Nov 28
Angus Gold Inc. (TSXV:GUS) completed the acquisition of Assets of Argo Gold Inc. (CNSX:ARQ). Angus Gold Inc. (TSXV:GUS) entered into an agreement to acquire Assets of Argo Gold Inc. (CNSX:ARQ) for CAD 0.74 million on November 16, 2020. As a part of consideration, Angus Gold will pay CAD 0.1 million in cash and will issue 0.8 million common shares to Argo Gold. The Common Shares issuable in connection therewith will be subject to a statutory four month and a day hold period. Assets of Argo Gold consist of there properties: (i) Macassa Creek (ii) Mishi Lake and (iii) Abbie Lake Properties located at Wawa, Ontario. At closing of this transaction Angus Gold will own 100% ownership of these properties. The transaction is subject to approval of TSX Venture Exchange and the Canadian Securities Exchange.
Angus Gold Inc. (TSXV:GUS) completed the acquisition of Assets of Argo Gold Inc. (CNSX:ARQ) on November 27, 2020. Tillkännagivande • Nov 18
Angus Gold Inc. (TSXV:GUS) entered into an agreement to acquire Assets of Argo Gold Inc. (CNSX:ARQ) for CAD 0.9 million. Angus Gold Inc. (TSXV:GUS) entered into an agreement to acquire Assets of Argo Gold Inc. (CNSX:ARQ) for CAD 0.9 million on November 16, 2020. As a part of consideration, Angus Gold will pay CAD 0.1 million in cash and will issue 0.8 million common shares to Argo Gold. Assets of Argo Gold consist of there properties: (i) Macassa Creek (ii) Mishi Lake and (iii) Abbie Lake Properties located at Wawa, Ontario. At closing of this transaction Angus Gold will own 100% ownership of these properties. The transaction is subject to approval of TSX Venture Exchange and the Canadian Securities Exchange. The Common Shares issuable in connection therewith will be subject to a statutory four month and a day hold period. Tillkännagivande • Nov 13
Cross River Ventures Corp. (CNSX:CRVC) completed the acquisition of 133 Claims of McVicar Lake Gold Property located in Patricia Mining Division from Argo Gold Inc. (CNSX:ARQ) for CAD 1.3 million. Cross River Ventures Corp. (CNSX:CRVC) entered into an agreement to acquire 133 Claims of McVicar Lake Gold Property located in Patricia Mining Division from Argo Gold Inc. (CNSX:ARQ) for CAD 1.3 million on November 12, 2020. In consideration for the acquisition of the McVicar Lake Gold Project, Cross River Ventures Corp. has issued 2,500,000 common shares and paid CAD 0.2 million to the Argo Gold Inc. 2% royalty on returns from the commercial production of minerals from the Project. One-half of the royalty may be re-purchased by Cross River Ventures Corp. at any time for a cash payment of CAD 1 million. The Consideration Shares are subject to an escrow arrangement. Completion of the transaction is subject to regulatory approvals.
Cross River Ventures Corp. (CNSX:CRVC) completed the acquisition of 133 Claims of McVicar Lake Gold Property located in Patricia Mining Division from Argo Gold Inc. (CNSX:ARQ) on November 12, 2020. Tillkännagivande • Oct 18
Argo Gold Extends High-Grade Woco Vein at Uchi Gold Project Argo Gold Inc. has completed its expanded field exploration program at the Uchi Gold Project which included surface stripping and washing, mapping and diamond saw channel sampling at Woco, the newly identified Woco South extension, Northgate, and Raingold. Woco South was an anomaly identified by the 2019 biogeochemistry survey located 175 meters south of the known high-grade Woco Vein. The 2020 field exploration program extended the length of the locally high-grade Woco vein from the previous known length of 70 meters the current length of 280 metres as a result of identifying the new Woco South extension. Argo Gold has utilized the weather window to complete this expanded overburden stripping program in lieu of the planned drill program. A follow-up drill program is planned for 2021. Woco and Woco South: Detailed geological and structural mapping of the Woco and the Woco South veins has identified a shear zone with sinistral movement that contains a silica, carbonate, sericite, tourmaline, and biotite alteration halo, along with quartz veining with pyrite, sphalerite, chalcopyrite, galena and visible gold. A total of 160 linear meters of diamond saw channel sampling has been completed at Woco and the newly identified Woco South extension and assays are pending. Northgate: At Northgate, detailed geological and structural mapping has identified a 10 meter wide shear zone with intense carbonate, sericite and tourmaline alteration along with quartz-ankerite veining associated with disseminated pyrite, pyrrhotite, chalcopyrite, graphite and visible gold. Field work along with drill core re-logging at Northgate has determined that Argo Gold's 2019 drill hole AGN-19-13 intersected the eastern extension of the Northgate Zone expanding the known alteration halo to a strike length of 235 meters. A total of 100 linear meters of diamond saw channel sampling has been completed at Northgate and assays are pending. Raingold: Raingold is on the southern extension of the past-producing Grassett Mine tend known as the HST Zone which is a parallel mineralized trend west of the main Uchi trend. Detailed mapping shows an iron formation acting as an iron buffer, resulting in siderite-ankerite alteration, and quartz-ankerite veining with a pyrite-pyrrhotite replacement texture. The Raingold vein system was sampled in the summer 2019 field program and returned anomalous gold assays over 600 meters of strike length. One of the continuous chips of five samples assayed 14.5 g/t Au across 2.6 meters at Raingold. (Argo Gold PR, November 6 2019). During the 2020 field program, 60 linear meters of diamond saw channel sampling was completed and assays are pending. Additional Exploration: Argo Gold is also planning a winter till and bedrock sampling program at other identified biogeochemistry anomalies and prospective sections of the known mineralized trends where there is no outcrop and bedrock is not accessible by overburden stripping. One target area is the 400 meter long biogeochemistry anomaly where float has been identified with a siliceous clastic rock with fine disseminated and hair-line fracture-controlled pyrite, pyrrhotite and carbonate. This anomaly is located a further 500 meters south of the Woco - Woco South zone. Argo Gold's first drill program in winter 2019 intersected high-grade gold at both the Woco Vein and the Northgate Shear Zone. The Woco Vein and the Northgate Shear Zone are 2 kilometres apart on a 5 kilometer mineralized trend that is considered highly prospective. The Summer 2019 Biogeochemistry Survey covered the main mineralized trend and identified multiple high priority anomalies proximal to the high-grade Woco vein and also identified additional new anomalies along the 5 kilometer strike length of the main mineralized trend (Argo Gold PR, October 28 2019). West of the main mineralized trend, another mineralized trend - the HST Zone continues south of the Raingold vein system and is associated with several conductive zones in the southern part of the mineralized trend. Economic Model: The Uchi Number 1 Gold Mine zone, on which the Uchi Mine #1 shaft was sunk, is reported to assay 0.31 oz/ton Au (10.6 g/t Au) over a length of 100 meters and a width of 9 meters (Bateman (1946) ODM ARV 48, pt 8) and remains the economic model for the Uchi Gold Property along the 5 km of strike length. Bill Kerr, P.Geo, Exploration Geologist of Argo Gold, is the Qualified Person who has approved the scientific and technical disclosure in this news release. Tillkännagivande • Oct 06
Argo Gold Inc. Expands Exploration at the Uchi Gold Project Argo Gold Inc. has expanded its surface stripping and washing exploration program at the Uchi Gold Project. Fieldwork to date has included stripping and washing areas of known mineralization - Woco, Northgate, and Raingold - and prospecting over anomalies identified in the Summer 2019 Biogeochemistry Survey. Prospecting a biogeochemistry anomaly has identified siliceous tourmaline alteration in outcrop 175 metres south of Woco. Siliceous tourmaline alteration occurs in the footwall of the high-grade Woco vein where the currently known surface expression is 70 metres. Argo Gold is currently planning a second drill program to test a number of targets indicated by the 2019 and 2020 exploration programs. Argo Gold's first drill program in Winter 2019 intersected high-grade gold at both the Woco Vein and the Northgate Shear Zone. The Woco Vein and the Northgate Shear Zone are 2 kilometres apart on a 5 kilometre mineralized trend that is considered highly prospective. The Summer 2019 Biogeochemistry Survey covered the main mineralized trend and identified multiple high priority anomalies proximal to the high-grade Woco vein and also identified additional new anomalies along the 5 kilometre strike length of the main mineralized trend. West of the main mineralized trend, another mineralized trend - the HST Zone and the Raingold vein system - was sampled in the Summer 2019 field program and returned anomalous gold assays over 600 metres of strike length. One of the continuous chips of five samples assayed 14.5 g/t Au across 2.6 metres at Raingold. 
