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| ||March 01, 2012|
Argus Files NI 43-101 Resource Technical Report on the Hyland Gold Project and Presents at the PDAC Mining Investment Show
| ||Vancouver, B.C., March 1, 2012 Argus Metals Corp. (the "Company" or "Argus") (TSX.V AML) reports that it has filed on SEDAR a National Instrument 43-101 Technical Report in support of the resource estimate on the Main Zone Deposit in the Hyland Gold Project announced by the Company within a January 19, 2012 news release. The Technical report is also available on the Company's website at: http://www.argusmetalscorp.com/s/Hyland.asp |
The Main Zone gold inferred resource, at a 0.6 g/t gold equivalent ("AuEq") cutoff now stands at 12,503,994 tonnes containing 361,692 ounces gold at 0.9 g/t and 2,248,948 ounces silver at 5.59 g/t which represents an increase of 209% over the historic, non NI 43-101 compliant resource. Based on the success of this previous season's Main Zone drilling campaign and the drilling of a new discovery area 4 km away, Argus management is planning for a much larger-scale drill campaign for the 2012 season.
Argus would like to invite all shareholders and interested parties to visit us at the PDAC Mining Investment Show on March 6-7, 2012 at the Metro Toronto Convention Centre - South Building.
Tue, March 6, 2012 10:00am - 5:30pm
Wed, March 7, 2012 9:00am - 12:00 noon
Metro Toronto Convention Centre - South Building
The independent technical report, entitled "Hyland Gold Property in the Yukon Territory, Canada" (the "Technical Report"), dated March 1, 2012, was prepared for Argus in compliance with the standards of NI 43-101 by A. Armitage, Ph.D., P.Geol., of GeoVector Management Inc. and Paul D. Gray. P.Geo., Director Business Development of Argus Metals Corp. GeoVector is an Ottawa, Ontario based consulting firm specializing in resource estimation, project assessment and project management. A. Armitage acted as the qualified person for the resource, as defined in NI 43-101, and is independent of the Company
Paul D. Gray, P.Geo. is the Company's Qualified Person with respect to the Company's Hyland Gold Project and has reviewed and approved this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
For further information, please contact:
Argus Metals Corp.
350-580 Hornby St,
Vancouver BC, V6C 3B6
Telephone: (604) 687-2471
Facsimile: (604) 687-2472
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Certain statements set out in this news release constitute forward-looking statements. Forward-looking statements (i) are often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate", or "will", and similar expressions; (ii) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties, or upon the opinions, expectations and estimates of management of the Company as at the date the statements are made; (iii) are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements, including, but are not limited to risks, uncertainties and other factors that are beyond the control of the Company, risks associated with the industry in general, commodity prices and exchange rate changes, operational risks associated with exploration, development and production operations, delays or changes in plans, risks associated with the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. In light of the risks and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. In particular, there is no assurance that (i) mineralization on the Hyland Gold Project will be as projected; or (ii) that work will continue to expand the mineralization at the Main Zone Deposit. Although the Company believes that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. The forward-looking statements of the Company contained in this press release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement.
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