Angus Gold Makes New High-Grade Gold Discovery West of Historic Dorset Resource Area, Intersects 7.0 g/t Au Over 12.4 Metres, including 21.7g/t Au Over 3.3 Metres

Highlights:

• Angus Gold’s best drill intercept to date, 12.4 metres of mineralization grading 7.0 g/t Au, including 3.3 metres of 21.7 g/t Au in Hole GS24-136, 500m west of the historic Dorset resource area
• New style of mineralization with significant quartz-veining and numerous instances of visible gold  
• A follow-up drill program on this new high-grade discovery is currently being planned for the upcoming Summer drill program
• Assays still pending from the Eagle River Splay Zone target drilling
• Summer drilling program on the BIF Gold Zone to commence next week
  

TORONTO, May 07, 2024 (GLOBE NEWSWIRE) -- Angus Gold Inc. (TSX-V: GUS | OTC: ANGVF) (“Angus” or the “Company”) is pleased to announce assay results from the remaining five (5) exploration holes that were completed on the Dorset Zone as part of its winter 2024 drill program at the Golden Sky Project in Wawa, Ontario. The new high-grade discovery, Hole GS24-136, was drilled along the most western section of the Dorset Zone that has been tested, to date, by the ongoing exploration program. The hole intersected 7.0 g/t Au over 12.4 metres, including 3.3 metres of 21.7 g/t Au and is hosted within a zone of abundant quartz veining that is not typical of the Dorset mineralization. Previous intervals of Dorset material are characterized by broad, disseminated mineralization within strongly altered zones that lack appreciable quartz veining. Hole 136 is at the western limit of our current drilling and the change in style may be indicating a transformation of the mineralized system towards a higher-grade system. The potential zone is open for approximately 2km to the west, along the interpreted trace of the shear zone and drilling is currently being planned to begin evaluating this new, high-grade, mineralized zone.

Breanne Beh, Chief Executive Officer of Angus, states: “This high-grade discovery on the Dorset trend is a remarkable achievement for our exploration team. This new zone remains completely open to the west, and at depth, and confirms the tremendous potential at Golden Sky to make additional gold discoveries, at higher grades, within this vastly underexplored area. What we are seeing in this new gold zone is a different style of mineralization, which suggests that we may be entering into a different phase of the deposit that could potentially support higher grade mineralization. This area has never been tested by historical work and we are excited to continue evaluating this potential. The planned summer drill program will focus on testing this structure along strike to the West.”