Welcome!

News Feed Item

Argonaut Exploration Inc. Samples Untested Gold from Surface Rock Samples to 65.9 Grams / Tonne at Terrace, B.C.

CALGARY, ALBERTA -- (Marketwired) -- 08/29/14 -- Argonaut Exploration Inc. (TSX VENTURE:AGA) ("Argonaut" or "the Company") releases 2014 sample results. Argonaut Exploration Inc. investigates untested gold mineralization at surface on the Company's Columario Gold Mine property. Several samples were collected by company personnel in late summer, 2014 from different locations including sulphide-bearing quartz vein sub-outcrop samples from the historic Valhalla vein, loose sulphide-bearing quartz vein talus from the upper mine road fill and a 17.4 kilogram bulk soil sample collected from an upper mine road cross-trench with approximate dimensions 3.66 meters (m) long by 12.7 centimeters (cm) wide by 7.6 cm deep. The results are presented in Tables 1 and 2.

Argonaut has commenced testing through sample analysis the hypothesis that mined and unprocessed mineralized quartz vein muck was deposited in front of the tunnel portals during the mine tunnel development period from 1927 to 1933. This period of development was prior to the building of the mine's 100 ton per day flotation mill in 1934 (British Columbia ARIS Assessment report 17551).

Based on the sample results and with further verification, it is increasingly apparent that Argonaut's upper mine road switchbacks that access five mine tunnels may potentially be located on a mixture of talus and non-transported ore muck.

TABLE 1: 2014 COLUMARIO MINE ROAD SAMPLES


----------------------------------------------------------------------------
Sample                                        Elevation Width  Gold  Silver 
Number      Sample Type        Location  Vein       (m)    (m) (g/t)   (g/t)
----------------------------------------------------------------------------
                        Valhalla tunnel                                     
                           Haulage mine                                     
Val07-14    Sub-outcrop            road     1       562   grab  65.9    16.5
----------------------------------------------------------------------------
           Talus quartz          Adit 1                                     
                  float    Haulage mine                                     
Ad107-14      aggregate            road     -       564   grab  39.5   112.0
----------------------------------------------------------------------------

TABLE 2: 2014 COLUMARIO MINE ROAD - TRENCH BULK SOIL SAMPLE R1


----------------------------------------------------------------------------
Sample R1                                                                   
(Elevation   Sample                                                         
 615 m)      Weight        Sample         %            Gold          Silver 
Description    (kg)    -Mesh Size By Weight            (g/t)           (g/t)
----------------------------------------------------------------------------
Total                                              (i)partly       (i)partly
              17.46           All       100         analyzed        analyzed
----------------------------------------------------------------------------
Dry Sieved            (i) greater                                           
              14.51       than  4      83.1  (i)not analyzed (i)not analyzed
----------------------------------------------------------------------------
Dry Sieved     1.22       4 to 12       7.0             1.22             4.5
----------------------------------------------------------------------------
Dry Sieved     1.73 less than 12       9.9             8.73            20.2
----------------------------------------------------------------------------
Tabled                                                                      
 washed                                                                     
 Concentrate   1.33 less than 12      82.3             7.53              23
----------------------------------------------------------------------------
Tabled                                                                      
 washed                                                                     
 Middling      0.17 less than 12      10.7             9.00    not analyzed
----------------------------------------------------------------------------
Tabled                                                                      
 washed                                                                     
 Tails         0.11 less than 12       7.0            22.40    not analyzed
----------------------------------------------------------------------------
- Mesh size indicates the number of equal sized square holes in a square    
inch. A standard sieve scale.                                               
(i) Unknown visible amounts of greater than 4 mesh to gravel sized gold and
silver bearing vein fragments are present in the upper switchback mine road 
fill as indicated by Table 1 sample Ad 07-14.                               

Argonaut's prior Columario mine area sample program was conducted in 2011 with some of the results summarized below in Table 3. The prior results were news released on October 24th, 2011 and are posted on the Company's website and SEDAR. The Columario mine is located on veins 4, 5 and 6 (Dakota vein) with the Valhalla vein, vein 7, Tenderfoot, Victor and several other veins peripheral to the mine workings.

TABLE 3. 2011 COLUMARIO MINE: SIGNIFICANT ROAD VEIN CHANNEL SAMPLES


----------------------------------------------------------------------------
                           Location                                         
Sample                     (West to         Elevation  Width   Gold  Silver 
Number        Sample Type   East)      Vein       (m)     (m)  (g/t)   (g/t)
----------------------------------------------------------------------------
G0750891      chip/channel Adit 5,                                          
                            Site 1        4       655     0.7   37.0   103.0
----------------------------------------------------------------------------
G0750898 +    chip/channel Adit 4,                                          
 G0750899                   Site 1        4       630    1.25   10.6    28.1
----------------------------------------------------------------------------

The Columario Property and Gold Mine are available for Sale and/or Option.

About Argonaut Exploration Inc.

Argonaut is a junior mineral exploration company focused on the acquisition, exploration and development of gold, silver and copper bearing mineral properties. For more information on the Corporation visit its website at www.argonautexploration.com.

Analytical results are provided by Loring Laboratories (Alberta) Ltd. of Calgary, Alberta. The rock samples were digested by a four acid leach followed by a 30 element ICP analysis. Gold and Silver were determined separately using a 30 gram sample split treated by fire assay with gravimetric finish.

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither 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 release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...