Wednesday, 22 September 2010

Argonaut Exploration Discovers Copper and Moly on High Gold Property

From High Gold Project

Argonaut Exploration
Shares Outstanding - 25.2 Million
Fully Diluted - 35.9 Million


With assay results expected in the coming weeks, Argonaut announced today that geologists saw visible molybdenum and chalcopyrite (Copper Iron Sulphide) in the drill core it pulled out of its recently completed 2010 drill program at the company’s High Gold property.

The 2010 High Gold property exploration program included the following:
• The Company drilled nine exploration drill holes totaling just over 2,500 metres.
• Surface geophysical programs included 13 km of deep penetrating Induced Polarization and magnetometer surveys.
• Geological mapping and detailed rock sampling targeted the northern gold zone and the central porphyry system including 171 metres of trenching and 51 metres of stockworked bedrock.
• Drill core stored on the property from forty years ago was logged, photographed and sampled adding 1,220 metres of core analyses from seven sites to the 2010 field program.

A total of 1,783 rock and drill core samples are being analyzed as a result of the 2010 exploration program.

The High Gold property is 7,832.4 hectares in area located 64 km northeast of the city of Terrace and 45 km northwest of the town of Smithers in British Columbia, Canada.

To view the full release, please click here