11:09 AM EDT, 04/11/2025 (MT Newswires) -- Argo Gold ( ARBTF ) traded higher after the company on Friday said it reached an option agreement to acquire the 1,155-hectare Dreaver Lake property in Saskatchewan.

Argo, which has already paid $1,000 in cash, must incur $40,000 in exploration funding by September 2026 and grant the vendor a 2% net smelter returns royalty.

The Dreaver Lake property is contiguous to that of Eagle Plains Resources (EPL.V) where trench sampling on the Cook Showing returned 79.96 g/t gold over 1.0 metre, and a grab sample returned up to 78.84 g/t gold, the statement noted.

Argo Gold ( ARBTF ) was last seen up $0.02 to $0.09 on the Canadian Securities Exchange.

Price: 0.09, Change: +0.02, Percent Change: +28.57