Permitting Commences For Drilling At The Iron Butte Project

VANCOUVER - Angold Resources Ltd. has begun permitting for drilling a total of 10,000 meters at its Iron Butte project in the Battle Mountain Trend of Nevada, USA. The first phase of drilling will be 2,850 m. CEO, Mr. Adrian Rothwell, said, "A new structural interpretation of the Iron Butte deposit has identified previously untested intersection zones that have formed the main conduits of fluid flow at Iron Butte. Put simply, we believe much historic drilling has missed the core of this deposit, despite demonstrating mineralized structures up to ~30 m thick. Iron Butte exhibits evidence of a large system with excellent potential to increase the size of the deposit."

The proposed drill plan consists of a total of 42 holes from 33 drill pads to depths of 150-300 m in three phases, with an average depth of ~250 m per hole. All drilling will consist of core and will test the principal structures on the project that have been mapped during fieldwork undertaken by the Company from October 2020 to present. The core of this work calculated the trend and plunge of the intersection lines formed by the main gold-bearing silicified ribs.