TALBOT LAKE GOLD PROJECT

The Talbot Lake Gold Project consists of 760 hectares underlain by a sequence of tholeiitic to komatiitic basalt containing several unexplored iron formations, and one partially-explored high grade vein-type gold deposit.

• Talbot Lake was identified in the early 1980’s by a belt-scale litho-geochemical exploration program targeting banded iron formations throughout the Pickle and Red Lake greenstone belts by Dome Exploration (Canada) Limited.
• Identified targets included: Opapamiskan Lake (the future Musslewhite Mine), Dona Lake (the future Dona Lake Mine), and Talbot Lake.
• Ground prospecting at Talbot Lake identified a high-grade gold quartz vein on the property which became the focus of exploration efforts. The vein itself is hosted in tholeiitic to komatiitic basalts and has been channel sampled on surface for a length of 48 metres over an average width of 3.28 metres for an uncut grade of 13.8 grams per tonne gold; and the vein was drilled to a depth of 200 metres.
• Denison acquired the property in 1998 and further drilling extended the vein continuity to a depth of 250 metres. Denison also performed down hole orientation surveys on several of the Dome drill holes and determined that the auriferous vein, based on pierce points, was increasing in strike length at depth. Denison briefly optioned the property to Abbastar Resources who carried out a drill program and noted in the press release that gold mineralization occurred in both quartz vein host and iron formation host rocks.
• Argo Gold’s exploration work during 2020 will consist of consultations with First Nations, basic geological mapping of the iron formation, GPS relocation of the diamond drill holes, and digital compilation of historical exploration data including geological and airborne surveys