Angus Gold Hits High-Grade Gold Intersection of 4.1 g/t Au over 12 metres, 500 metres step-out hole east of its Dorset Gold Zone at the Golden Sky Project, Wawa

Highlights:

TORONTO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Angus Gold Inc. (TSX-V: GUS | OTC: ANGVF) (“Angus” or the “Company”) is pleased to announce assay results from its 2022 drill program at the Golden Sky Project in Wawa, Ontario. Results from eight (8) holes were successful in confirming the extension of the strike length of the Dorset Gold Zone 500 metres to the east. Hole GS-22-047 intersected 1.3 g/t over 52.0 metres including 4.1 g/t over 12.0 metres, was drilled in a NE-direction, oblique to mineralization, approximately 500 metres east of the Dorset Gold resource. The drill hole was testing a newly interpreted structural model of the Dorset Gold Zone and was successful in identifying its potential eastern extension. The hole will be used to guide ongoing exploration drilling to define the full strike length of the Au-mineralizing system at the Dorset Gold Zone. Hole GS-22-040, drilled at the eastern margin of the Dorset Gold Zone, was also successful in intersecting a thick interval of gold mineralization and returned an intercept of 1.5 g/t Au over 24.0 metres including a high-grade interval of 6.1 g/t over 2.0 metres. The hole was designed to test the potential orientation of high-grade ore shoots within the currently defined Dorset Gold Zone, similar to that seen at the nearby Eagle River Mine of Wesdome Gold Mines. Assays from an additional 15 exploration holes that were designed to further test the potential for strike length extension to the east and west of the Dorset Gold Zone are still pending. Drilling on the Dorset Gold Zone has resumed for the winter 2023 season. The Dorset Gold Zone contains a historic estimated resource (using a 0.50 g/t Au cut-off) consisting of an indicated resource of 40,000 ounces grading 1.4 g/t Au, and an inferred resource of 180,000 ounces grading 1.2 g/t Au.

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