TORONTO, March 23, 2020 (GLOBE NEWSWIRE) -- Angus Ventures Inc. (TSX-V: GUS) (“Angus” or the “Company”) is pleased to announce that it has staked 347 mineral claims contiguous and adjacent to the Gold Sky Project (the “Project”) located in Wawa, Ontario. The staked mineral claims represent a 94-square-kilometre land package and almost doubles the size of the recently acquired project. The consolidated land package now stands at 194-square-kilometres and lies between Wesdome’s two producing gold mines.
Patrick Langlois, CEO of Angus, states: “The Golden Sky project represents a highly prospective, and under-explored, part of the prolific Wawa area and we feel that there is an excellent potential for this greenstone belt to host many significant gold deposits. Our desktop work confirmed several key structures in the area and the subsequent staking captured 100% of the targets that were identified. We are looking forward to beginning an exploration program on Golden Sky that will begin to evaluate the untapped potential we see in the area.”
A map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9f715dd2-3385-4bf2-8917-e473611ed4d3
The Golden Sky Project is located in the Mishibishu Lake Greenstone Belt of Northern Ontario, an extension of the prolific Abitibi Greenstone Belt. The Project is situated in north-central Ontario approximately 50 kilometres west of the town of Wawa.
Qualified Person
The scientific and technical content of this press release has been reviewed, prepared and approved by Breanne Beh, P.Geo, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
About Angus Ventures:
Angus Ventures Inc. is a Canadian gold exploration company focused on the acquisition, exploration and development of mineral properties.
For more information, please contact:
Patrick Langlois
President and Chief Executive Officer
Angus Ventures Inc.
info@angusgoldinc.com
Forward-Looking Statements
Neither 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 release. This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: failure to receive requisite approvals in respect of the Transaction, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.