Argonaut Gold Expands Mineral Resources
Argonaut Gold Inc. (TSX: AR) announces increases in pit-constrained mineral resource estimates for its operating mines. At La Colorada, the indicated mineral resource stood at an estimated 586,000 gold ounces and 9.9 silver ounces as of July 1, compared to 560,000 and 9.9 million at the end of 2016. The company added ounces to make up for depletion due to mining. At El Castillo, mineral resources stood at 751,000 ounces of gold, compared to 486,000 at year-end, with the increase not only due to drilling programs but acquisition of the nearby San Juan concession, the company says. “We are now preparing to publish updated life-of-mine plans at both El Castillo and La Colorada during the first quarter of 2018,” says Pete Dougherty, president and chief executive officer.