Financial Wire

Argo Gold Receives a Mineral Exploration Permit For The Uchi Gold Project

-- Argo Gold (ARQ.CN) on Thursday said it received a mineral-exploration permit for the Uchi Gold project in northwestern Ontario.

The company said its 2021 exploration program at the 25-square kilometer property extended the strike length of the mineralized zones at Woco to 400 meters, at Northgate to 500 meters and at Raingold a new zone of mineralization was identified 100 meters east of Raingold. Drill results at Woco include 132.3 grams per tonne (g/t) gold (Au) over 1.8 meters at 88 meters and 20.4 g/t Au over 0.5 meters at 107 meters.

It also said that at Northgate, the known gold mineralization has a strike length of about 500 meters. Drill hole AGN-21-024 intersected 26.26 g/t Au over 2.65 meters, drill hole AGN-21-025 intersected 9.24 g/t Au over 0.95 meters and drill hole AGN-21-30 located 225 meters northeast of the main Northgate area intersected 22.7 g/t Au over 1.15 meters.

Shares of the company were last seen up $0.005 to $0.09 on the Canadian Securities Exchange.

Related Articles

Asia

Market Chatter: Hybe Shares Slip 3% as Police Seek to Arrest Founder over 2020 IPO Probe

Shares of Hybe (KRX:352820) fell nearly 3% to 2,48,000 won in Tuesday morning trade after the Seoul Metropolitan Police Agency sought to arrest the entertainment giant's founder Bang Si-hyuk on charges of misleading early investors before the company's initial public offering in 2020.Bang has also been accused of concealing profit-sharing arrangements tied to a private equity fund, Bloomberg reported Tuesday.Authorities suspect Bang made about 190 billion won in illicit gains. Bang denies any wrongdoing, according to the report.The probe, referred to by the Financial Services Commission last year, has raised concerns related to governance, it said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$KRX:352820
Asia

Eswin Materials Tech's 2025 Loss Widens; Shares Down 4%

Xi'an Eswin Materials Technology's (SHA:688783) net loss attributable to shareholders in 2025 slightly widened year on year to 738.2 million yuan, or 0.21 yuan per share, according to the company's annual report published Tuesday on the Shanghai bourse.The attributable loss a year earlier was 737.6 million yuan, while earnings per share were unchanged from 0.21 yuan a year earlier.Operating revenue climbed 25% to 2.65 billion yuan from 2.12 billion yuan in the previous year.The Chinese semiconductor company's shares dropped 4% during the morning trade.

$SHA:688783
Asia

ISOTeam Secures Contract Worth SG$30 Million; Shares Up 4%

ISOTeam (SGX:5WF) secured SG$30 million worth of contracts, according to a Monday filing with the Singapore Exchange.Shares of the facilities maintenance company were up nearly 4% in Tuesday trading.The contracts include a SG$8.3 million coating and painting projects contract, addition and alteration projects worth SG$6.8 million, repair and redecoration contracts worth SG$5.1 million, electrical work projects worth SG$4.8 million and landscaping projects worth SG$1.4 million.Following the award, the company's current order book stands at around SG$186.5 million.

$SGX:5WF
Argo Gold Receives a Mineral Exploration Permit For The Uchi Gold Project | Financial Wire