Angus Gold Inc. is pleased to announce a non-brokered private placement consisting of up to 4,000,000 flow-through shares of the Company at a price of C$1.00 per FT Share and up to 1,500,000 hard dollar shares of the Company at a price of C$0.72 per Hard Share for aggregate gross proceeds of up to C$5,080,000 . The net proceeds from the Offering are expected to be used to fund exploration on the Company's projects in [...]
Highlights: The 2022 drill program on the Dorset Gold deposit was successful in doubling the strike length of gold mineralization outside of the historic resource area from 750 metres to 1.7 kilometres Step-out drilling approximately 450 metres west of the Dorset Zone resource area intersected significant gold mineralization grading up to 1.4 g/t Au over 12.6 metres, including 2.9 g/t Au over 3.0 metres, and 3.1 g/t Au [...]
Highlights: Hole GS-22-047, drilled approximately 500 metres step-out east of its Dorset Gold Zone Resource Area, intersected a high-grade interval of 4.1 g/t Au over 12.0 metres within a broader mineralized zone of 1.3 g/t Au over 52.0 metres at 120 metres vertical depth, potentially almost doubling the strike length of the gold resource Hole GS-22-040, at the eastern edge of the current gold resource, returned an [...]
Angus Gold Inc. is pleased to announce it has completed all the earn-in obligations and exercised its option to acquire 100% interest in the Mishi Property from IAMGOLD Corporation , part of the Golden Sky Project . Under the amended terms of the Mishi Option Agreement dated January 24, 2023, Angus shall issue 700,000 shares to IAMGOLD, subject to the receipt of all regulatory approvals including the approval of the TSX [...]
Highlights: Successful 2022 drilling season at the Golden Sky project, completed a total of 42 drill holes for approx. 9,500 metres Assays results from 35 drill holes are pending Multiple regional exploration targets identified across the Golden Sky district Fully funded exploration budget including a 10,000-metre drill program in 2023 TORONTO, Nov. 02, 2022 -- Angus Gold Inc. is pleased to announce an update on its [...]
Angus Gold Inc. announces that it has granted options to acquire a total of 1,350,000 common shares of the Company to officers, directors, employees, and consultants, pursuant to the Company's Stock Option Plan, at the exercise price of $1.03 per share for a period of five years, subject to vesting requirements. Additionally, the Company has granted 360,000 restricted stock units to officers, directors, employees, and [...]
Highlights: Second drill added to follow-up on high-grade gold mineralization and other high-priority gold targets along the Dorset Deformation Zone New results from the Q1-2022 drilling program at Dorset returned anomalous gold zones from all seven holes drilled, including 0.6 g/t Au over 21 metres, 1.6 g/t Au over 5.1 metres and 1.2 g/t Au over 5.8 metres between surface and 300 metres depth Over 1500m of drilling [...]
Highlights: One drill has mobilized to the Banded Iron Formation target to further define the two new gold discoveries announced earlier this year, intersecting thick, well-mineralized zones including 61.3 metres at 0.94 g/t Au in hole GS21-14 and 18.7 metres at 1.0 g/t Au in hole GS21-15. New, untested, priority BIF geophysical targets will also be drilled in this phase. Second drill to be added during the summer to [...]
Angus Gold Inc. is pleased to announce that it has closed its previously announced non-brokered private placement consisting of the sale of 5,057,000 flow-through common shares of the Company at a price of CAD$1.15 per FT Share for total gross proceeds of CAD$5,815,550. In connection with the Offering, funds managed by Delbrook Capital Advisors Inc. , acquired 4,387,000 common shares of the Company from subscribers to the [...]
Angus Gold Inc. is pleased to announce that it has completed the acquisition of a 100% interest in key mineral claims that are contiguous and adjacent to the Golden Sky Project located near Wawa, Ontario. The Golden Sky project, situated between Wesdome Gold Mines' Eagle River and past-producing Mishi Pit mines, is the site of significant new gold discoveries in the banded iron formation horizon and also hosts an historic [...]
Angus Gold Inc. is pleased to announce that it has completed the acquisition of a 100% interest in six mineral claims that are contiguous and adjacent to the Golden Sky Project located in Wawa, Ontario. The Company also announces that it has recently staked an additional 49 mineral claims . The Golden Sky project is the site of significant new gold discoveries in the banded iron formation horizon and is also host to a [...]
Highlights: Drilling within the Banded Iron Formation has identified two thick gold zones at shallow depths representing the first ever reported drill discoveries Results confirm potential for a robust gold system within the BIF with intervals of up to 61.3 metres grading 0.94 g/t Au, including 25.6 metres of 1.5 g/t Au, 5.0 metres of 2.4 g/t Au and 1.0 metre of 8.9 g/t Au in Hole GS21-14 and a second zone returning 18.7 [...]
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