Argo Gold is focused on gold exploration projects in northwestern and central Ontario that have indications of economic viability. All of the gold projects are 100% owned by Argo Gold and its shareholders.
The flagship Woco Gold Project contains multiple zones of mineralization including the high-grade Woco Vein where the 1993 discovery drill intercept highlights include; 1.89 oz./ton gold over 11.9 feet and 1.83 oz./ton gold over 6 feet. Follow-up 1994 drill intercepts of the down-plunge and strike extension include; 4.08 oz./ton gold over 6.9 feet and 1.24 oz./ton gold over 5.6 feet.
Argo Gold also has five 100% owned projects in the Wawa area peripheral to Wesdome and Richmont Mine’s gold mining operations. Historic surface channel sampling and drill results indicate the projects have the potential to be economic viable in low-grade open pit and high-grade underground mine scenarios - particularly given the proximity to local mils.
The current $5 million market capitalization is an intriguing opportunity.