Welcome!

News Feed Item

Angel Gold Geophysical Survey Encounters Strong Chargeability Anomalies at the El Porvenir Project

Ground Induced Polarization and Magnetic Geophysical Surveys in Progress at Gold/Silver targets within the El Porvenir Project

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/20/17 -- Angel Gold Corp. (TSX VENTURE: ANG)(OTCQX: ANGCF)("Angel" or the "Company") is pleased to provide an update of progress on Angel's geophysical survey programs targeting various prospects at the El Porvenir project in the Segovia mining district of Antioquia, Colombia.

--  Iguanacito Prospect - The Induced Polarization survey over the
    Iguanacito prospect has been completed and interpretation of the results
    is in progress. Where interpretation has been completed, strong
    chargeability responses have been revealed at depth consistent with the
    location of high grade mineralization assayed in previous surface
    sampling and trenching. Chargeability highs indicated by an Induced
    Polarization geophysical survey often reflect a concentration of sulfide
    minerals, and in the Segovia Gold Belt, as in many other districts
    around the world, gold-silver mineralization is associated with
    significant amounts of sulfide minerals.

--  Guayabales Prospect - An Induced Polarization survey is also underway at
    the company's Guayabales prospect which is associated with an intrusive
    body with little surface exposure that hosts a large zone of intense
    sericite-silica alteration as inferred from a combination of historic
    drill holes (7,217m total drilled for quartz vein deposits) and surface
    soils geochemistry. We will follow on with a ground magnetic survey.

--  Abejero Prospect - An Induced Polarization survey at the Abejero
    prospect has just commenced, and further results and analysis are still
    pending.

--  Iguanacito Prospect - A ground magnetic survey is underway over the
    Iguanacito geophysical grid more data will become available for further
    interpretation and drill targeting.

"The geophysical information processed to date is continuing to support and enhance the potential of our Iguanacito prospect. We believe that the chargeability responses reflect bodies of sulfide-silica breccia that has the potential to contain silver-gold mineralization -- and further support our belief that the area has the potential to host a style of mineralization previously unexplored and thus undiscovered in the Segovia district: that of breccia-hosted silver-gold mineralization associated with wide zones of intense silica-sericite alteration that are intrusive related," says Stella Frias, President and CEO of Angel Gold Corp. "The chargeability geophysical anomaly identified below the silver/gold mineralization identified at Iguanacito is exciting as it significantly increases the target's size and depth potential as currently defined in surface sampling and trenching. In addition other geophysical anomalies from surveys in progress along strike and at other targets have been identified and could be indicative of sulfide hosted mineralization," added James Stephenson P.Geo, Vice-President of Exploration.

High-grade structurally-hosted mineral deposits typically consist of multiple ore bodies, many of such bodies occurring blind (in the sub-surface), sometimes with only minor mineralization actually exposed at the surface. Examples of such deposits include the Coeur d'Alene District deposits of Idaho where most ore shoots occur blind at depth, yet a substantial mining operation has been continued over many decades.

To view SECTION 00 IP PSEUDOSECTION, looking northwest showing resistivity (middle) and chargeability (lower) with a strong chargeable anomaly under the Iguanacito surface mineralization and a weaker yet marked anomaly in the sediments (Iguanacito divides intrusive diorite/tonalite to the left from a black mudstone unit to the right), visit the following link: http://media3.marketwire.com/docs/1089274-F1.pdf

Chargeability Responses at Iguanacito

--  A strong chargeable response occurs directly underlying the surface
    expression of the high-grade Iguanacito mineralization. This result
    correlates well with the mapped geology of gold-silver rich pyrite-
    silica breccia hosted within a steeply northeast-dipping zone of
    intensely sericitized tonalite. (See Notes(1) and (2) below about
    slanting of IP results and effect of the depth of oxidation).

--  Chargeability highs occur at depth along strike in both directions and
    likely reflect additional non-outcropping bodies of mineralization.

--  A chargeability high occurs under sediments to the east of the
    Iguanacito zone, appearing to correlate with the westernmost of two wide
    zones of intense bleaching mapped in the otherwise black sediments by
    Angel geologists. This is exciting in its own right but also these
    alteration zones trend in a southerly direction and intersect with the
    southeasterly trending Iguanacito zone. The intersection of mineralized
    structures frequently contains mineralized shoots and/or overlies the
    source of the mineralization/alteration.

--  There is a widespread surface chargeability response at Iguanacito yet
    to be explained. The chargeability high on the left end of the section
    probably reflects a very strong surficial chargeable response rather
    than any structure or zone extending to depth, but this needs to be
    confirmed.

NOTE(1): The accompanying "pseudosection" is a non-"inverted" presentation of results. The survey was carried out with a pole-dipole configuration progressing from left to right in the section, and by its very nature the method presents a leftwards slant to the results. No correction inversion algorithm has been applied to show the "true" position of the anomaly. The interpretation is done by matching the observed geology to the IP results. Even without any known geology the "pantleg" results would be interpreted as a chargeable body extending to the "surface" and dipping to the right in the section -- which exactly matches the observed geology and the offset of the "surface" of the anomaly from its actual weathered surface exposure.

NOTE(2): A chargeability response indicating the presence of sulfides reflects the location of the sulfide-bearing body below the base of oxidation, and not the oxidized surface portion of the body. Thus for a dipping sulfide zone the chargeability anomaly will displace away from the oxidized surface exposure.

Qualified Person

Mr. James G. Burns, P.Eng, a Qualified Person under National Instrument 43-101 standards and a technical advisor to the Company has reviewed and approved the technical information contained in this news release.

About Angel Gold Corp.:

Angel is a Canada-based gold and silver exploration company focused on responsible development of mineral resources in Colombia, host to some of the world's largest gold deposits. Angel's flagship project the El Porvenir is located at less than 2 km from Segovia project of Gran Colombia, the El Pino West Project is adjacent to the Gramalote project of B2Gold and Anglo Gold Ashanti JV and its Heliconia project is located north of the Titiribi district along the Cauca fault system.

Angel has been focused on acquiring and validating strategic mineral exploration opportunities in Colombia's best mining districts with the highest potential for new discoveries.

On Behalf of the Board of Directors of Angel Gold Corp.

Blanca Stella Frias, Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain "forward- looking statements" within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.

Contacts:
Angel Gold Corp.
Stella Frias
Investor Relations
+1 (360) 650 1440
www.angelgoldcorp.com

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
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
You know you need the cloud, but you're hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You're looking at private cloud solutions based on hyperconverged infrastructure, but you're concerned with the limits inherent in those technologies. What do you do?
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D