Angus Gold Inc. announced assay results from twenty-three (23) infill and resource expansion holes that were completed as part of its winter 2024 drill program at the Golden Sky Project in Wawa, Ontario. The majority of the drill holes are part of the infill program, designed to test for the presence of potential high-grade ore shoots within the historic Dorset gold resource. Also included in this release are the results from the first two resource expansion holes that have been received, one at depth and one located southeast of the deposit, also testing for higher-grade mineralization.

The results from infill holes GS24-114 and GS24-125 were particularly encouraging, intersecting 2.6 g/t Au over 11.0 metres, including 4.4 g/t Au over 3.0 metres and, 2.7 g/t Au over 10.6 metres, including 3.6 g/t Au over 7.1m, respectively. These holes confirmed Angus? ability to target higher-grade material within the historic resource area using intersections of their newly modelled shear zones to identify the orientations of hypothesized ore shoots.

Resource expansion hole GS24-117 was planned as a 25 metres step-out hole at depth, targeting the extension of a hypothesized high-grade ore shoot and was successful at intersecting 10.2 metres of 1.0 g/t Au including 3.0 metres of 2.7 g/t and 5.2 metres of 2.3 g/t Au. There now remains 200 metres of this untested ore shoot between GS24-117 and MC-07-127, an isolated historic hole that intersected 2.14g/t Au over 15.1 metres at 410 metres true depth. This undrilled trend represents an area for Angus to significantly improve upon the historic resource calculation.

GS24-128 was planned to the southeast of the Dorset resource area, along an untested section of a newly interpreted shear zone that controls high-grade mineralization within the Dorset Gold Zone. The hole was successful at intersecting 1.1 g/t Au over 20.8 metres, including 2.4 g/t Au over 6.0 metres. The ongoing drill program on the Company?s 100%-owned Golden Sky Project is focused on the Dorset Gold Zone, which hosts a historic gold resource; the BIF Zone, a new gold zone discovery in a large banded iron formation; as well as the Eagle River Splay deformation zone, which shows potential for another extensive gold system.

Angus? drill programs on the Dorset Gold Zone have been successful at extending the strike length of the previously modelled zone from 750 metres to 1.7 kilometres. The Dorset Gold Zone contains a historic estimated indicated resource (using a 0.50 g/t Au cut-off) of 40,000 ounces of gold grading 1.4 g/t Au, and an inferred resource of 180,000 ounces of gold grading 1.2 g/t Au.

The Dorset Zone lies within the Mishi Creek Deformation Zone (?MCDZ?). The MCDZ can be traced for at least 7 kilometres within the Golden Sky project and has seen very little historic exploration along most of its strike length.