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Angus Gold Reports the Start of First Drill Program on Golden Sky Project

Angus Gold Inc., a Canadian mineral exploration company, has reported that drilling has started at its wholly-owned Golden Sky Project, which is situated in Wawa, Ontario. The Golden Sky Project adjoins the Eagle River Mine owned by Wesdome Gold Mines Ltd in Wawa.

Angus Gold Reports the Start of First Drill Program on Golden Sky Project
Golden Sky Project location map. Image Credit: Angus Gold Inc.

The 20,000 m drill program concentrates on two target areas inside the property — the Dorset Deformation Zone, host to a historical gold resource, and the BIF Zone, a massive area of banded iron formation that has been scarcely explored in follow-ups in spite of historically returning high-grade gold assays in surface sampling.

A high-power induced polarization (IP) ground geophysical survey carried out during the last few months generated the drill targets. The targets were eventually prioritized with the help of a follow-up surface geochemical program.

The vital areas under testing during the first phase of drilling comprised the historical Dorset Resource, new targets to the west and east of the historical resource and the extremely potential gold anomalies inside the BIF Zone.

Angus Gold was granted the required drill permits in June 2021 and then employed Major Drilling Group International. The drilling of 20,000 m is anticipated to be over in the next 12 – 15 months. The previous drilling program carried out on the Golden Sky Project was during 2005 – 2007, conducted by Trelawney Resources Inc., which was later acquired by IAMGOLD Corporation in 2012.

We are pleased to have received the first drill permit for the Golden Sky Project. This is an exciting moment for the Company and its shareholders. Results from our first geophysical and geochemical programs are extremely encouraging. This project is situated between two gold mines in an area that is crisscrossed by numerous gold structures. We see tremendous exploration potential on this property.

Steve Burleton, Chief Executive Officer, Angus Gold Inc.

Concurrent with the drilling, we will also be expanding our geochemical and geophysical programs to cover more of the structures identified,” added Burleton.

The Wawa Gold Camp

The Wawa gold mining camp hosts several gold deposits and producing gold mines. This mainly includes the Island Gold Mine of Alamos Gold Inc. and Eagle River Mine of Wesdome Gold Mines Ltd.

The Golden Sky Project

The wholly-owned Golden Sky Project is situated within the Mishibishu Lake Greenstone Belt of Northern Ontario, a continuation of the Greenstone Belt and host to the high-grade Eagle River Gold Mine of Wesdome. The 234 km2 land package is positioned around 50 km west of the town of Wawa and is located right away between the Eagle River underground mine and the Mishi open-pit mine of Wesdome.

The Golden Sky Project hosts the near-surface Dorset Gold Zone, which encompasses a historic estimated resource (employing a 0.50 g/t Au cut-off) including an indicated resource of 40,000 oz. of gold (780,000 tonnes grading 1.4 g/t Au), as well as an inferred resource of 180,000 oz. of gold (4,760,000 tonnes grading 1.2 g/t Au).


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