Argo Acquires Additional Saskatchewan Uranium Claim

Core Viewpoint - Argo Gold Inc. has acquired the Thunderclap mineral claim in Saskatchewan, expanding its portfolio to a total of 16,059 hectares of prospective uranium mineral claims in the Athabasca Basin [15]. Group 1: Acquisition Details - The Thunderclap mineral claim covers an area of 97 hectares and was acquired for a cash payment of $1,000 [15]. - In addition to the cash payment, Argo issued 500,000 common shares valued at C$40,000 as part of the acquisition agreement for the Thunderbolt and Zig Zag claims [11]. Group 2: Geological Context - The Thunderclap mineral claim is strategically located near several significant uranium mines, including the McLean Lake Uranium Mine and Cameco's Cigar Lake High Grade Uranium Mine [1]. - Historical drilling results in the vicinity of Thunderclap indicate promising uranium mineralization, with notable intersections of 0.13% eU3O8 over 4 metres and 0.25% eU3O8 over 4.0 metres [6][7]. Group 3: Industry Position - Saskatchewan is ranked third globally for mineral exploration and mining investment attractiveness, positioning Argo favorably for advancing its exploration efforts [17]. - The region's mining-friendly jurisdiction enhances the potential for successful mineral exploration and development [17].