September 27, 2011
Argus Metals Intersects 0.80g/t Gold and 3.28g/t Silver over 39.4 m Expanding the Hyland Gold Project "Main Zone" Deposit
Vancouver, B.C., September 27, 2011 Argus Metals Corp. , AML/TSXV, has results from the first three 2011 drill holes at Hyland Gold Project, Selwyn Basin, Yukon.
More assays are pending from 13 drill holes. The fantabulous Hyland diamond drilling campaign continues.
Highlights include:
- HY-11-29 - 39.4 metres of 0.80 g/t gold and 3.28 g/t silver from 71.6 metres to 111.0 metres depth
- HY-11-31 - 42.2 metres of 0.78 g/t gold and 2.38 g/t silver from 143.8 metres to 186.0 metres depth
- including 9.2 metres of 1.79 g/t gold and 0.36 g/t silver from 143.8 metres to 153.0 metres depth
- HY-11-30 -- 1.5 metres of 1.56 g/t gold from 75.0 to 76.5 metres (a zone of no recovery of 7.5 metres and then 3 metres of 0.33g/t gold and 11g/t silver (at 84 to 87 meters depth, the hole was subsequently abandoned due to technical drilling issues)
President Michael Collins comments, "We are tickled purple with the progress at Hyland. The exploration in 2011 is aimed at expanding main zone mineralization and drilling new targets.
Drill results show an expansion of the oxidized main zone and intersection of the sulphide zone. With the extensive geochemical sampling and mapping programs, the Company expects more assay data from new targets".
Assays are pending for 13 drill holes. Diamond drilling results are expected soon for the "South Main TEM, "SE Zone" targets as well as the "CUZ Zone" mineralization and the "THAS" and "CUZ SUR" exploration targets. Diamond drilling is now focused on the historic "Main Zone" mineralization until winter conditions preclude further work.
Geo-Vector Management Inc. has been contracted to review and update the 1990 non-compliant National Instrument (N.I.) 43-101 resource* estimate of the "Main Zone" at approximately 117,000 ounces of gold (Au) in 3.2 million tonnes grading 1.1 grams per tonne (g/t) Au.
All soil sampling and regional/local geological mapping programs on the Hyland, Hyland Extension, Ike and Tina Projects has been completed for the 2011 season. Over 2,884 soil samples, 371 stream sediment samples and 287 rock samples were collected during the four month program from ridge and spur, contour and grid sampling programs on the projects. Over 350km2 of the 500km2 Argus Hyland Gold District mineral claim package has been mapped and initially geochemically sampled during the 2011 exploration season. Portable XRF analytical equipment was utilized to identify areas of interest for immediate prioritization and follow-up programs and in two cases, resulted in exploration drilling.
All drill core from the Hyland Gold 2011 drilling program is being analyzed at ACME Analytical Labs of Vancouver, B.C. utilizing a 1EX ICP 44-element analytical package with G6 Fire Assay finish for gold on all samples. All core samples are split on-site at the Hyland exploration camp and shipped to Acme Analytical Labs preparation facility in Whitehorse where samples are sorted and crushed to appropriate particle size (pulp) and representatively split to a smaller size for shipment to Acme's Vancouver analysis facility. A comprehensive system of standards, blanks and field duplicates was implemented in the 2011 exploration program (regional/diamond drilling) and is being analyzed as chemical assay data becomes available. Paul D. Gray, P.Geo. is the Company's Qualified Person with respect to the Company's Hyland Gold Project and has reviewed and approved this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins
President and CEO
Argus Metals Corp.
350-580 Hornby St,
Vancouver BC, V6C 3B6
604-687-2471
Fax: 604-687-2472
http:// www.argusmetalscorp.com |
