08:49 AM EST, 11/06/2024 (MT Newswires) -- Angus Gold Inc. ( ANGVF ) , which fell 12% and nearer to 52 week lows yesterday, announced Wednesday assay results from nine exploration holes that were completed on the Dorset Zone as part of its 2024 Summer drilling program at the Golden Sky Project in Wawa, Ontario.

A statement noted drilling was targeting the western extension of the Dorset Gold Zone, where Angus previously intersected a new zone of high grade gold, including 7.0 g/t Au over 12.4 metres in Hole GS-24-136, nearly 500 metres to the west of the historical Dorset resource.

Among highlights, GUS said initial step out drilling results on the Dorset West extension area begin to define a new zone of high grade gold mineralization in the Dorset Deformation Zone:

9.8 metres of mineralization grading 2.3 g/t Au, including 2.1 metres of 8.2 g/t Au in Hole GS24-167; and 5.0 metres of mineralization grading 2.2 g/t Au, including 3.0 metres of 3.5 g/t Au, Au in Hole GS24-162.

Other highlights include: The Fall drill program is underway on the Dorset West extension area with results expected in early 2025. Remaining summer 2024 assays from the BIF Zone are expected in the coming weeks. And it cited a fully funded 2025 exploration budget with C$8.0 million in treasury.

CEO Breanne Beh in a statement said: "We are extremely pleased with these initial successful step-out results for our Dorset West extension area. We now have multiple intersection points in our new high-grade Dorset West zone, which allows us to better understand the trend and orientation of the veins hosting the gold mineralization. We are currently drilling an additional 2,000m in this area to test the newly interpreted shear that hosts the high-grade gold mineralization. As we gear up for a large Winter drill program, the Dorset West mineralized corridor, which is still open for over 2km along strike, will be a prime area of focus."