01:01 PM EST, 12/04/2024 (MT Newswires) -- Angus Gold ( ANGVF ) shares were last seen up 2% after the company on Wednesday released positive assay results from the final seven diamond drill holes completed in the banded iron formation (BIF) Gold Zone as part of its 2024 drill program at the Golden Sky Project near Wawa, Ontario.

The company said infill drilling results at the BIF Zone continued to return thick mineralized intervals, confirming the continuity of the zone and that step-out drilling added 50 meters of strike length. In 2024, a total of 16,700 meters were drilled on at project, Angus Gold ( ANGVF ) added.

Best results from assays on the final holes included 49 meters testing at 1.0 grams per tonne of gold.

"The success we have achieved in 2024 is a perfect springboard to launch an aggressive 2025 program targeting high-grades, resource expansion and new discoveries," said Angus chief executive officer Breanne Beh.

The company said its winter program will start in early January and will see two drilling rigs testing targets at Dorset, the Eagle River Splay exploration area, and the Feather River exploration area.

The company's shares were last seen up $0.01 to $0.43 on the TSX Venture Exchange.

Price: 0.43, Change: +0.01, Percent Change: +2.38