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angel gold corp (ANG) Snapshot

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Market Cap
1.6M
Average Volume 10 Days
18.4K
EPS TTM
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23.5M
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angel gold corp (ANG) Details

Angel Gold Corp., a precious metals exploration company, engages in the acquisition and development of gold properties. Its property portfolio includes the El Porvenir, El Pino West, and Heliconia projects located in Colombia. The company was formerly known as Caerus Resource Corporation and changed its name to Angel Gold Corp. in October 2012. Angel Gold Corp. was incorporated in 1988 and is headquartered in Vancouver, Canada.

Founded in 1988

angel gold corp (ANG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

angel gold corp (ANG) Key Developments

Angel Gold Corp. Announces Historic Drill Hole Silver Values from its El Porvenir Project in Colombia

Angel Gold Corp. announced high grade silver values from its data review of Mineros drill core sampling on the company's the El Porvenir Project in Colombia. Two of its prospects, Bominas and Guayabales, which occur some 2.7km apart, and on opposing sides of the major Bagre Fault, report substantial silver values in silver-dominant mineralization. Additionally high-grade gold-silver mineralization was also intersected by Mineros at the Bominas Prospect. Bominas high-grade mineros silver-dominant drill intercepts: RCGDDH023 - 1.70m @ 1210g/t Ag, 0.05 g/t Au from 97.9 to 99.6m – pyritic fractures in gneiss; RCGDDH009 - 1.88m @ 420g/t Ag, 0.01g/t Au from 22.22 to 24.10m - oxidized sulfidic fractures in weathered gneiss; and RCGDDH009 - 1.45m @ 441g/t Ag, 0.01g/t Au from 39.95 to 41.40m – pyritic fractures in gneiss. Bominas high-grade mineros gold-silver drill intercepts: RCGDDH009 - 2.35m @9.74g/t Au, 0.8g/t Ag from 114.49 to 116.84m –quartz veined gabbro; RCGDDH016 - 2.25m @ 23.1g/t Au, 13.5g/t Ag from 31.00 to 33.25m - oxidized sulfidic fractures in diorite dyke; and RCGDDH017 - 1.00m @ 39.40g/t Au, 15.7 g/t Ag from 83.4 to 84.4m – quartz vein. Guayabales significant mineros silver/gold drill intercepts: RBGDDH039 - 0.65m @ 73.4g/t Ag, 0.41g/t Au from 64.45 to 65.10m – quartz vein; RBGDDH045 - 0.30m @ 88.0g/t Ag, 0.03g/t Au from 60.25 to 60.55m - bleached silicified zone; RBGDDH046 - 0.40m @ 35.9g/t Ag, 1.19g/t Au from 45.90 to 46.30m – quartz vein; and RBGDDH049 - 9.00m @ 88.9g/t Ag, 0.76g/t Au from 27.15 to 36.15m -bleached silicified zone.

Angel Gold Corp. Announces Additional Assay Results from its Due Diligence Sampling Program on its El Porvenir Project in Colombia

Angel Gold Corp. announced additional assay results from its due diligence sampling program on its El Porvenir Project in Colombia. The latest results from drill core check assays confirm the existence of high grade gold and silver mineralization and abundant free gold from sampling of multiple historic drill holes at its Abejero prospect. Though the vein width is narrow in this exposure, veins in the Segovia District are well known for their pinch and swell nature, and an overall average width of around one meter is consistent over numerous veins. Other holes drilled in the area by Mineros intersected veins up to 5.58m in drilled thickness, the true thicknesses of the Mineros vein intercepts is not known due to insufficient data. The west-northwest trending Abejero vein system has been currently traced for approximately 730m at the surface and in underground workings. The western end of the vein has yielded by far the best results to date, and is indicated in by the high grade gold intersected and reported by Mineros in drill holes RBADDH016 and RBADH002. Drill hole RBADDH016 is located approximately 70 meters from the area of current artisanal mining workings. The second potential area of high grade gold mineralization was intersected in Mineros drill hole RBADDH002, some 330m northwest of the mine workings, which intersected a 5.58m quartz vein strongly mineralised on both margins.

Angel Gold Corp. Announces Assay Results from Sampling on El Porvenir Project in Colombia

Angel Gold Corp. announced up to 117 g/t Gold in assay results from sampling on the company’s El Porvenir Project in Colombia. El Porvenir is located in the prolific Segovia-Remedios gold belt. The nearby Segovia Gold Project, located two kilometres northwest of El Porvenir, historically produced over 4.6 million ounces of gold over the last 150 years. Mining at Segovia has demonstrated vein system strike lengths up to 2.3 kilometres with mineralization persisting down-dip for at least 1,300 metres. Initial visits were made to the four prospect areas within the El Porvenir Project, with mineralized vein, barren vein, alteration and wall rock samples taken to profile element patterns. These samples were taken in order to characterize the mineralization and the extent of metallic haloes, and to better understand the size of the anomalous footprint of the vein systems as a guide to further sampling for grade and tonnage evaluation. Angel Gold considers the high grade assay results from these samples as an encouraging indicator of the potential of the property and further supports theory of extensive high grade gold mineralization consistent with adjacent discoveries. Samples were analyzed at Actlabs Medellin for gold and high grade silvers and at Actlabs Ancaster for multi-elemental analyses confirming the high grade gold and silver potential of the Project. Because of the timing of the historic exploration work completed by Mineros S. A., exploration was largely restricted to the immediate area of artisanal mining. As safety has improved in the area, larger scale friendly artisanal mining has expanded in self discovered areas of high grade vein occurrences. The El Porvenir concession area is now fully accessible and prime for exploration for high grade and bulk tonnage gold-silver potential using modern methods. On the Iguana prospect area, anomalous Au-Ag-As-Cu-Pb-Zn-Mo-Sb-Se values were returned from veins and alteration zones, with a grab sample of oxidized sulphide confirming the presence of high grade gold-silver mineralization associated with areas of high sulphide concentration. The Guayabales prospect area is reported by artisanal miners and confirmed by Mineros S.A. core drilling as being a silver rich area. This area is anomalous in two assemblages - Ag-As-Au and Ag-As-Au-Pb-Cu. Mineralization here occurs in both vein zones and intense sericite-silica bleaching zones which could develop into bulk-tonnage mining targets. Angel Gold Sample R00159 – 0.216 ppm Au and 56.8ppm Ag was from an unworked vein exposed in a stream, for a 60 cm continuous chip sample composed of 20 cm of 1-2% pyritic quartz vein and 20cm of wall rock on either side. The Abejero prospect is an area of high-grade Au-Ag mineralization. Small scale miners report a production at around 500 g/t Au, presumably hand cobbed. High grade is confirmed by Angel Gold sampling of pyrite- and galena-rich vein quartz. Mineralization is restricted to quartz veins at current knowledge levels. Angel Gold sample R00165 – 117 ppm Au (3.40 oz/ton Au). Silver and base metal results are awaited. Sample was a 30cm face sample for a quartz vein from an underground artisanal working. On the El Congo-Bominas Trend no mineralized quartz was obtained, only a sample of barren milky quartz, confirming the need to find sulphide rich portions of the veins. Mineros S.A. drilling indicates mineralization as related to both quartz veins and zones of sulphidic stringers. Angel Gold sample R00166 – 0.964 ppm Au. Silver and base metal results awaited.

 

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