Argo Increases Its Uranium Mineral Claim Position in the Athabasca Basin, Saskatchewan

Core Insights - Argo Gold Inc. has expanded its uranium mineral claim position at Thunderclap in the Athabasca Basin, Saskatchewan, now covering 264 hectares with a 100% interest [1] - The company holds a total of 15,962 hectares across four uranium areas in the Athabasca Basin, which are considered prospective for uranium mineralization [1] - The Fraser Institute's Annual Survey of Mining Companies ranks Saskatchewan as the third most attractive region globally for mineral exploration and mining investment [5] Company Overview - Argo Gold is a Canadian mineral exploration and development company, also involved in oil production, and is listed on the Canadian Securities Exchange [13] - The company is well-positioned to advance mineral exploration due to its high-quality assets in a mining-friendly jurisdiction [5] Geological Context - Thunderclap is strategically located near several significant uranium mines, including McLean Lake, Rabbit Lake, and Cameco's Cigar Lake [2] - Historical drilling results in the vicinity of Thunderclap indicate promising uranium mineralization, with notable intersections of eU3O8 [3][4] - The Thunderclap Property has never been drilled-tested, suggesting high prospectivity for future exploration [4]