Argus Metals Corporation begins Gold Exploration Program in the Yukon Selwyn Basin
25.09.2017 | Marketwire
Vancouver, September 25, 2017 - Argus Metals Corp. (the 'Company' or 'Argus') (TSX.V: AML) announces the 2017 exploration program on the Ike Project in the Selwyn Basin of the Yukon.Argus is conducting a geological mapping and sampling program in the Ike project. The company will be targeting a gold mineralization in association with a significant east west fault that is associated with limestone rock and an interpreted intrusive heat source which have the potential to develop into a significant mineralizing system.
- The IKE Gold Project is located in the Selwyn Basin of the Yukon, an emerging highly prospective gold district characterized by recent major Carlin-type sediment hosted gold discoveries made by ATAC Resources Ltd. at the Rau Gold project.
- The Ike project was originally staked based on coincident anomalous arsenic and gold in regional stream sediment samples. The project area is underlain by carbonate lithologies and an intrusive suite.
The IKE project has the potential to host a sediment-hosted gold system similar to Nevada style gold deposits in the Carlin District. In addition to positive reconnaissance geochemical survey results and favourable rock types, the IKE property also hosts spatially related lead-zinc showings (MINFILE # 105A 030).
President and CEO
Michael Collins comments, 'Previous work on the Ike project has focused on base level soil and stream sampling and so we are pleased to be back working on the Ike project with a detailed mapping program to develop discrete mineralization targets as we move the project forward.'
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins
President and CEO
For further information, please contact:
Argus Metals Corp.
900-580 Hornby Street,
Vancouver BC, V6C 3B6
Telephone: (604) 764-7094
Website: www.argusmetalscorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.