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Angold Resources Ltd (AAUGF), through its subsidiary Aero Energy, conducts uranium exploration in Canada's Athabasca Basin. News coverage for this junior mining company focuses on exploration drilling results, assay announcements, and uranium project developments in one of the world's highest-grade uranium districts.
Key news categories for Angold Resources include drilling program updates announcing the start and completion of exploration campaigns, assay results revealing uranium grades from drill holes, and property acquisitions expanding the company's exploration portfolio. The company frequently announces joint venture developments with exploration partners in the region.
Corporate announcements typically cover financing activities such as private placements that fund ongoing exploration work, as well as shareholder updates including annual general meetings and share consolidations. Investors following AAUGF monitor news for drilling discoveries that could indicate significant uranium mineralization.
The uranium exploration sector generates news tied to seasonal drilling windows in northern Canada, with winter and summer programs producing distinct announcement cycles. Commodity price movements in the uranium market also drive investor interest in exploration company news.
Angold Resources Ltd. (OTCQB: AAUGF) announced significant assay results from its Lajitas area at the Dorado project in Chile. The results confirm gold mineralization in all drill holes, with highlights including 301 m at 0.71 g/t Au and high-grade intercepts over 1 g/t Au. The mineralization has been confirmed over a vertical extent of at least 450 m, indicating strong potential for further expansion. Angold plans additional drilling later in 2021, particularly targeting the newly identified Lajitas South area with initial surface grades up to 0.63 g/t Au.
Angold Resources Ltd. (OTCQB: AAUGF) announced promising assay results from five drill holes at the Lajitas area of its Dorado project in Chile's Maricunga belt. Highlights include:
- 248 m at 0.75 g/t Au from hole DO-21-03.
- 30 m at 1.24 g/t Au from hole DO-21-02.
- 84 m at 0.40 g/t Au from hole DO-21-04.
The results extend mineralization by 80 m, confirming a vertical extent of over 400 m. Further drilling is planned for 2021, testing new targets and expanding known mineralization zones.
Angold Resources Ltd. (OTCQB: AAUGF) announced promising results from its Lajitas South exploration program in Chile, located 1 km from the historic resource area. Key highlights include new surface mineralization with gold grades up to 0.63 g/t Au and a significant hydrothermal system covering about 1.2 x 2.2 km. The exploration indicates the potential for a higher-grade gold porphyry and epithermal system at depth. Continuous drilling at the main site is ongoing, with results pending for four holes.
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