Uchi Gold Project - Breaking New Ground for High-Grade
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Breaking New Ground
for High-Grade
Discover y
Uchi Gold Project
CSE: ARQ | OTC: ARBTF | FSE: P3U May 2020
Forward Looking Statement
This presentation may contain forward-looking statements that involve a number of risks and uncertainties,
including statements regarding the outlook for the Company’s business and operational results. By nature,
these risks and uncertainties could cause actual results to differ materially from what has been indicated.
Risk factors that could cause actual results to differ materially from any forward-looking statement include,
but are not limited to variations in the nature, quality and quantity of any mineral deposits that may be
located, being unsuccessful in establishing mineral resources and reserves, inability to produce minerals
from its properties successfully or profitably, capital and operating costs varying significantly from estimates,
delays or failure in obtaining governmental, environmental or other project approvals and being unable to
raise the necessary capital or to be fully able to implement its business strategies. Forward looking
statements are made based on management's beliefs, estimates, assumptions and opinions on the date the
statements are made. Although the Company believes that such statements are reasonable, it can give no
assurance that such expectations will prove to be correct and the Company undertakes no obligation to
update publicly or otherwise revise any forward-looking information as a result of new information, future
results or other such factors that affect this information, except as required by law.
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CSE: ARQ | OTC: ARBTF | FSE: P3U
Investment Highlights
Uchi Gold Project
› The Uchi Gold Project is 22 square kilometres of 100%
owned mineral claims
› Adjacent to 4 past-producing underground gold mines
› Uchi Geological Subprovince of greenstone belts is the
second most endowed gold belt in the Canadian Shield
and hosts many multi-million ounce deposits
› The Uchi Gold Project is in a corridor that is 5 kilometres
along strike and several kilometres wide
› Widespread gold mineralization and multiple mineralized
structures
› The Uchi Gold Project has known High-Grade Gold
HIGH-GRADE Mineralization at Woco, Northgate and Raingold
› 132 g/t Au over 1.8 metres
› Biogeochemical survey completed in 2019 identified
multiple blind gold anomalies at the Uchi Gold Project
› 139 g/t Au over 2.1 metres
› Close to infrastructure including the South Bay Mine Road
› 65 g/t Au over 1.83 metres and a power line crosses the project
› 62 g/t Au over 3.6 metres › Both Argo Gold’s Uchi Gold Project and Great Bear’s Dixie
Project are in the same volcanic stratigraphy – the
Confederation Volcanics and proximal to a major
structural boundary
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CSE: ARQ | OTC: ARBTF | FSE: P3U
Investment Highlights
E x p e r i e n c e d Te a m
Judy Baker, B.Sc., MBA, – CEO
Michael Farrant, B.Comm., CPA, CA – CFO
Kenneth Williamson, M.Sc, P.Geo - Team
Dr. Jay Hodgson, B.Sc, M.Sc, PhD – Team
Delio Tortosa, M.Sc, P.Eng – Team
Bill Kerr, B.Sc, P.Geo – Team
Bryan Sinkunas, M.Sc.– Team
John Walmsley, B.Sc. – Team
200 YEARS OF COMBINED George Langdon, B.Sc, M.Sc., PhD – Director
E X P L O R AT I O N A N D
D I S C OVE RY E X P E RIE NC E Bryan Wilson, B.Sc. – Director
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CSE: ARQ | OTC: ARBTF | FSE: P3U
Investment Highlights
Capital Structure
Shares Outstanding: 51,497,349
Warrants ($0.12, Feb ‘23): 11,200,000 Institutions: 22% (Sprott)
Options ($0.15 - $0.20): 4,300,000 6% (Accilent Capital)
52-Week High/Low: $0.19 / $0.06 6% (Northfield Capital)
Team: 10%
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CSE: ARQ | OTC: ARBTF | FSE: P3U
Focused in NW Ontario
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CSE: ARQ | OTC: ARBTF | FSE: P3U
Investment Highlights - Project
Gold Producers Northwest Ontario
Gold
Company Property Production Life 2018 Pdn.* 2017 Pdn. 2016 Pdn. Reserves
Newmont
Red Lake Mines > 100 Years 235,000 209,000 324,000 2,100,000
Goldcorp
Newmont Musselwhite > 20 Years 265,000 236,000 261,000 2,300,000
Goldcorp
Small High Grade Gold Mines Continue To Produce In Ontario
Gold
Company Property Production Life 2018 Pdn. 2017 Pdn. 2016 Pdn. Reserves
Wesdome Eagle > 20 Years 67,315 58,980 47,737 416,000
Mishi O/P > 5 Years 4,310 7,985 7,485 102,000
Alamos Island Gold > 10 Years 105,800 98,600 83,323 887,000
* Production Estimates
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CSE: ARQ | OTC: ARBTF | FSE: P3U
Prolific Greenstone Belts
RED LAKE and BIRCH UCHI GREENSTONE BELTS
› Multi-million ounce gold deposits
across the Red Lake and Birch Uchi
Greenstone Belts
› Decades of gold production among
active and past mines
› Gold production at depth with Red
Lake Mine Depths to +3000 m ARGOGOLD
UCHI GOLD
GREAT BEAR
› Confederation Volcanics overlie the DIXIE
PROJECT
PROJECT
Red Lake Balmer volcanics
› Gold Producers: NEM GC Red Lake
Mines
› Gold Developers: Pure Gold, Rubicon
and First Mining
› Gold Explorers: Great Bear spurred
exploration rush
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CSE: ARQ | OTC: ARBTF | FSE: P3U
Birch-Uchi Greenstone Belt
Multi-million-ounce deposits
(4.9 M oz Au)
Uchi Gold
Project
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CSE: ARQ | OTC: ARBTF | FSE: P3U
Uchi Lake Deformation Zone
Argo Gold’s Uchi Gold Project
and Great Bear’s Dixie
Red Lake
Uchi Gold
Project
Great Bear
Criteria Resources: Dixie Argo Gold: Uchi
Geology Confederation Confederation Sequence
Sequence
Structure Proximal to major Proximal to major
structure structure
Mineralization Quartz Vein System Quartz Vein System
Overburden Approx. 2 metres Approx. 3 metres
Outcrop Little to none Little to none
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CSE: ARQ | OTC: ARBTF | FSE: P3UUchi Gold Project
Mineral Claims
RainGold
x
Uchi Gold
Project
› 22 square kilometres; 100% owned
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CSE: ARQ | OTC: ARBTF | FSE: P3UUchi Gold Project
Gold Mineralization Corridor
South Bobjo Mine
Bay (Au)
(Zn,Cu) Grassett Mine
(Au)
HST Zone
(Au) Jalda Mine
(Au)
Raingold
Hanalda
(Au)
Mine
Barrick Patents
(Au)
Argo Gold Claims
Woco Vein Uchi Mine
Past Au Producer
(Au) (Au)
(with reserves)
Past Au Producer
(without reserves)
Northgate
Uchi Gold Corridor
Prospect
Zone
Occurrence (Au) Argo Gold
Historical Au Vein
AEM Conductor &
Property
Conductive Zone
› Uchi Gold Corridor is 5 kilometres of strike length and several kilometres wide.
› Multiple mineralized trends Widespread gold mineralization.
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CSE: ARQ | OTC: ARBTF | FSE: P3UUchi Gold Project
Gold Mineralization Corridor
Barrick Patents
Argo Gold Claims
Past Au Producer
(with reserves)
Past Au Producer
(without reserves)
Prospect
Occurrence
Historical Au Vein
AEM Conductor &
Conductive Zone
Uchi Gold Corridor
Argo Uchi Gold
Property
CSE: ARQ | OTC: ARBTF | FSE: P3U - 13 -Uchi Gold Project
TWO KILOMETRES of PROSPECTIVE STRIKE LENGTH between WOCO and NORTHGATE
› Woco Gold is a high-grade gold vein shoot in a brittle fracture
system with a historical resource of 27,000 ounces at a grade
of 0.33 oz./ton Au drilled to 200 metres. Argo Gold confirmed
mineralization in Winter 2019 drill program with intercepts
including 132 g/t Au over 1.8 metres
RainGold › Northgate Gold is a shear-hosted gold vein system with a
historical resource of 18,000 ounces at a grade of 0.28
x oz/ton Au defined by drill campaigns in 1937 and 1952. Argo
Gold confirmed mineralization in Winter 2019 drill program
with intercepts including 34.4 g/t Au over 0.5 metres
› Raingold is a shear-hosted gold vein system where a 1930’s
trench reported 8.1 g/t Au over a strike length of 122 metres
and 2.1 metre width. The Summer 2019 field program,
identified anomalous gold assays over 600 metres of strike
length and a continuous chip of five samples of 14.5 g/t Au
across 2.6 metres
› Known mineralization associated with outcrop. Minimal
outcrop given widespread overburden of 1 to 3 metres. The
Summer 2019 Biogeochem Survey identified multiple blind
gold anomalies at the Uchi Gold project
CSE: ARQ | OTC: ARBTF | FSE: P3U - 14 -Woco Gold
HIGH-GRADE
› Woco Gold is a high-grade gold vein shoot in a
brittle fracture system with a historical resource of
27,000 ounces at a grade of 0.33 oz./ton Au
drilled to 200 metres; defined by a 1993-1994
drill program by St. Jude Resources.
› Argo Gold confirmed Woco gold mineralization
with drill intercepts including 132 g/t gold Au over
1.8 metres in the Winter 2019 drill program.
› Believed to be part of a bigger deep-seated
system in the Uchi Gold Corridor and the down
plunge extension remains too be tested
› Higher grade might be related to dacite thickness
in hanging wall
› Correlation between grade and vein thickness
› Trench grades at surface requires further surface
clearing, mapping and sampling
› Plan in place for structural mapping and modelling
› Known gold BioGeoChem anomaly located 150
metres SSE of the Woco Vein
CSE: ARQ | OTC: ARBTF | FSE: P3U - 15 -Woco Gold
Longitudinal drill hole section showing distribution of drill holes
Intersections of basalt (green)
and dacite (yellow) correlate
to mineralization
Mineralization is in
red bars, with length
proportional to grade
- 16 -Nor thgate Gold
SHEAR-HOSTED GOLD VEIN SYSTEM
Uchi Break › Northgate Gold is a shear-hosted tourmaline-bearing quartz
vein system with visible gold and up to 10% sulphides
Woco › A historical resource of 18,000 ounces at a grade of 0.28
oz/ton Au was defined by drill campaigns in 1937 and
1952.
Uchi Break › Argo Gold confirmed Northgate gold mineralization in the
Winter 2019 drill program with drill intercepts including
34.4 g/t Au over 0.5 metres.
› The Winter 2019 drill program extended the known strike
extent of gold mineralization at Northgate by 50 metres to
the NNE to 250 metres in total known strike extent.
› A 1937 trench reported 0.497 oz/ton Au over 200 feet of
strike length and a width of 3.0 feet.
› Argo Gold’s Summer 2017 field program confirmed
significant mineralized widths of up to 4 metres with chip
Northgate samples returning up to 27.4 g/t Au over 0.65 metre widths.
› the mineralization occurs in a shear zone in basalt, and
consists of sericite, chlorite and carbonate altered schist,
quartz veinlets with abundant tourmaline and disseminated
pyrite
- 17 -Nor thgate Gold
- 18 -Raingold/HST
A THIRD MINERALIZED TREND
› Raingold is a shear-hosted gold vein system where 1930’s
trenching reported 8.1 g/t Au over a strike length of 122
metres and 2.1 metre width.
› Summer exploration in 2019 by Argo Gold identified 20 pits
up to 2 m square over a strike length of 700 m. Shearing
and gold mineralization occurs at the basalt/ dacite-rhyolite
contact. Anomalous gold assays over 600 metres.
› One continuous chip of five samples returning 14.5 g/t Au
across 2.6 m.
› Gold mineralization occurs in pyritic shear zones containing
tourmaline-bearing quartz veins and stringers. The quartz
veins vary from 0.6 m to 2 metres wide. The shear zone
strikes north-south and dips steeply east.
› HST Zone is a fractured/sheared gold-bearing zone
associated with a lean iron formation that extends for
several kilometres and follows a lithologic horizon between
rhyolite and greenstones.
› At the north end of the HST Zone, the Grassett Mine was
developed in the late 1930’s with 5 levels
› Several gold occurrences are found along the length of the
HST Zone which include the Raingold and Milberry
CSE: ARQ | OTC: ARBTF | FSE: P3U prospects. - 19 -Uchi Gold Biochem Sur vey
NUMEROUS ANOMALIES IDENTIFIED
› Biogeochemical survey identified multiple blind gold
anomalies at the Uchi Gold project
› Known gold mineralization in the camp associated with
outcrop. Widespread overburden of 1 to 3 metres requires
alternative exploration tools. Sub-overburden gold
anomalies represent targets to expand known high-grade
gold mineralization
› Biogeochemistry Survey was completed at the Uchi Gold
Project on the main mineralized Gold Corridor that has a
strike length of approximately 5 kilometres
› The survey collected approximately 1,100 samples across
a 600 metre wide swath on a 60 metre x 60 metre
diamond pattern
› The orientation survey identified black spruce bark as the
median identifying known gold mineralization
› Multiple blind high priority anomalies were identified
proximal to the high-grade Woco vein and multiple other
blind targets were identified along the entire strike length
of the mineralized trends
CSE: ARQ | OTC: ARBTF | FSE: P3U - 20 -2020 Objectives
UCHI GOLD PROJECT
› Integrate known geology, structure, areomag and
biogeochemistry results into GIS database and create 3D
models.
› Mechanical stripping, additional mapping and sampling.
› Structural mapping and modelling.
› Focus on understanding why there are so many gold
occurrences in the corridor.
› Understand controls on high-grade mineralization.
› Target known gold mineralization where there is scale and
potential for down plunge, on strike and en echelon
HIGH-GRADE intercepts
extensions of gold mineralization.
› 132 g/t Au over 1.8 metres
› Develop an Uchi Gold Project gold camp model to unlock the
› 139 g/t Au over 2.1 metres million ounce discovery potential.
› 65 g/t Au over 1.83 metres › Fall 2020 Drill Program at the Uchi Gold Project
› 62 g/t Au over 3.6 metres
OT H E R P RO JEC T S
› Sell and Spin off non-core mining assets.
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CSE: ARQ | OTC: ARBTF | FSE: P3UWhy Argo Gold ?
ARGO GOLD’S UCHI GOLD PROJECT IS WORLD CLASS
› Prolific Greenstone Belt
› High-Grade mineralization
› Multiple mineralized trends and widespread gold
mineralization
› Close to infrastructure including the South Bay Mine and a
power line crosses the project
EXPERIENCED TEAM
› Over 200 years of combined exploration and discovery
experience
COMMITED OWNERSHIP
› Eric Sprott – 22%.
› US Global - 6%, Northfield Capital - 6%, Accilent Capital - 6%.
› Team – 10%
SERIOUS DISCOVERY POTENTIAL
› 2019 Drill results include 132 g/t Au over 1.8 metres.
CSE: ARQ | OTC: ARBTF | FSE: P3U - 22 -Questions and Discussion
Contact
Judy Baker
CEO
( 41 6 ) 7 8 6 - 7 8 6 0
j b a ke r @ a r g o g o l d . c a
www.argogold.ca
CSE: ARQ | OTC: ARBTF | FSE: P3U - 23 -Appendix A – Argo Gold Histor y
MAY 2015 OCTOBER 2017
› Argo Gold commences trading on the CSE, under the › Staked additional claims at McVicar Lake.
name Arbitrage Exploration holding the 100% owned › Exploration results for Woco and South Wawa.
Hurdman Silver/Zinc Property in Timmins.
NOVEMBER 2017
JUNE 2016
› Exploration results for Macassa Creek and Northgate.
› Staked McVicar Lake in northwestern Ontario.
FEBRUARY 2018
NOVEMBER 2016
› Acquired 3 Gold properties in the Wawa gold camp: › Acquired the adjacent Geisler Patents at Woco.
Rockstar, Macassa Creek and Abbie Lake. APRIL 2018
› Acquired the Woco Gold Property near Red Lake › Staked Percy Lake Zn-Cu-Cd Property in the Batchewana
Ontario from Dollard Mines. Greenstone Belt.
MARCH 2017 MAY 2018
› Staked additional ground at Hurdman Silver/Zinc › Staked Angela Lake Gold Property in Northwestern
Acquired the Mishi Lake Gold Project in Wawa. Ontario and the Southwest Extension at the flagship
MAY 2017 TO OCTOBER 2017 Woco Gold Project.
› Exploration work at Woco, all Wawa projects, JUNE 2018
McVicar Lake and the newly acquired Northgate › Staked 3 Cobalt properties Fortune and Campfire Lake
Gold project adjacent to Woco. near Red Lake and Keelow Lake near SSM.
AUGUST 2017 FEBRUARY AND JUNE 2019
› Acquired Northgate Property, adjacent to Woco. › Staked additional claims to the Uchi Gold Property and
McVicar Lake Property.
CSE: ARQ | OTC: ARBTF | FSE: P3U - 24 -Appendix B – Exploration Por tfolio
Gold, Cobalt and Zinc -Silver Projects
GOLD EXPLORATION
Northwestern Ontario
COBALT EXPLORATION
Red Lake Area
- - Keelow Lake
- Uchi Gold
- McVicar Lake ZINC-SILVER EXPLORATION
- Angela Lake
- Hurdman
CANADA
GOLD EXPLORATION
Wawa Area
- Abbie Lake
- Macassa Creek
- Mishi Lake
United States
of America
CSE: ARQ | OTC: ARBTF | FSE: P3U - 25 -Exploration Por tfolio (Gold)
McVicar Lake
› A Chellow Vein outcrop
averages 28 g/t gold over
a 70 metres of strike
length on 2 metre
channel sampling
intervals.
› Located 30 km NW of
past-producing Golden
Patricia Mine (600,000
ounces @ 14 g/t Au).
› Bear Head Fault Zone
cuts the SW margin of the
25 km2 project area of
folded volcanic rocks and
area porphyries.
› Mineralization includes Mineral occurrences and alteration types, Lang Lake GB (modified after Magnus, 2014)
lode gold, epithermal and
porphyry.
CSE: ARQ | OTC: ARBTF | FSE: P3U - 26 -Exploration Por tfolio (Gold)
Angela Lake
› Located in North end of
Birch – Uchi Greenstone Belt and
50 kilometres east of Red Lake.
› Drilling in 1980s encountered gold
mineralization containing
3.7 grams per tonne over
0.3 metres.
› Boulders with visible gold up to 0.5
cm in quartz veinlets in
metasedimentary host rocks had
been discovered in the area.
› Follow-up field work planned to
better define the structure, geology
and mineralization.
CSE: ARQ | OTC: ARBTF | FSE: P3U - 27 -Michipicoten, Iron Lake, Mishibishu Lake Greenstone Belts
Argo Gold’s Macassa Creek, Abbie Lake, Mishi Lake
CSE: ARQ | OTC American: ARBTFExploration Por tfolio (Zinc)
Hurdman Zinc - Silver
› Hurdman is a Zinc-Silver rich,
semi-massive to massive
Sulphide Zone along strike for
450 metres, north dipping
15 to 25 degrees and within
150 metres from surface.
› Drill widths of 1 to 38 metres
and the mineralization remains
open in all directions.
› Significant drill results include
3% Zinc and 12 g/t Silver over a
true width of 23.6 metres.
› Shallow dip of the deposit is
amenable to open pit.
› Gold credit.
CSE: ARQ | OTC: ARBTF | FSE: P3U - 29 -Exploration Por tfolio (Zinc)
Hurdman Zinc - Silver
› The Hurdman Project is 120
kilometres North of
Timmins, ON.
› Core claims of 2688
hectares and recently staked
Strategic claims covering
4240 hectares.
› Stratabound Zinc-Silver
deposit occurs at the
juncture of the Quetico
Metasedimentary Belt and
the Kapuskasing Structural
Zone.
› In addition to the Hurdman
Sulphide Zone there are a
significant number of
surrounding drill targets.
CSE: ARQ | OTC: ARBTF | FSE: P3U - 30 -You can also read
