Argus Metals has signed a letter of intent with Banyan Coast Capital for the sale of the Hyland Gold Project to BYN for 4,000,000 common shares of BYN. The Company intends to distribute these shares to all Argus shareholders of record upon completion of the final transaction. Terms of the agreement include: 4,000,000 common shares in BYN to be distributed to Argus shareholders of record on acceptance by the TSX Venture [...]
Argus Metals announces that the Company has received chemical analyses for 3 complete holes and portions of 2 additional holes of the 17 total reverse circulation drillholes of the 2012 drill program on the Kaituma Project in north-west Guyana. No significant uranium mineralization was encountered within these drillholes. While assays for an additional 14 drillholes, and portions of the 2 partially reported holes remain [...]
Argus Metals announces that, further to the Company's news release dated May 22, 2012, the Company has successfully completed its 2012 drill program on the Kaituma Uranium/Gold Project in north-west Guyana. President Michael Collins stated, "The Kaituma uranium/gold project has been, up until now, one of the few undrilled uranium exploration targets with the scale necessary for a large scale discovery. With exceptional [...]