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Saturday, July 15, 2017 6:14:36 PM
To date it is estimated that Argonaut has spent upwards of $500,000 in drilling, mapping and other associated costs. They also added that in better economic times the company would have exercised the JV option.
The company completed 16 widely scattered drill holes totaling 1990 meters. It is important to note that these samples were not taken from the properties quartz veins which are known to hold high grade gold. Argonaut was not interested in underground mining as these holes drilled were targeted for a large open pit heap leach operation. The average for the 16 holes was .392 Au ppm and 1.676 Ag ppm. Attached to this press release is a detailed map showing where the 16 holes were drilled and the results of the assays that Mexus has received to date. As one can see, these holes were spread out across the property.
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