Angold Resources Ltd. (TSXV: AAU, FRA: 13L1, OTCQB: AAUGF): Expanding Resources in Large Scale Proven Districts at Iron Butte, Nevada and Dorado Project, in Chile; Adrian Rothwell, CEO Interviewed

By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA
on 7/14/2021
Angold Resources Ltd. (TSXV: AAU, FRA: 13L1, OTCQB: AAUGF) is an exploration and development company targeting large-scale mineral systems, in the proven districts of the Maricunga, Nevada and Ontario. Angold owns a 100% interest in the Dorado, Cordillera and South Bay-Uchi projects, and certain claims that append the optioned Iron Butte project. We learned from Adrian Rothwell, who is CEO of Angold Resources, that they are advancing their Dorado project, in the Maricunga belt of Chile, where they just finished a successful 5,000-meter drilling program. The Company will be focused on permitting their Nevada project, for the next few months. Near-term plans include, expanding the resource at Iron Butte, as well as compiling targets for the next exploration program in Chile.

Angold Resources Ltd.

Dr. Allen Alper: Adrian, why don't you start off and tell us what's new, what's been happening?

Adrian Rothwell:Angold Resources has a portfolio of projects. Primarily we have two flagship projects. One is located in the Maricunga Belt of Chile, called Dorado and the other one is in the Battle Mountain Trend of Nevada, called Iron Butte. Both of these have historic resources on them. Our objective has been to drill both of these projects—they're both drill ready—expand the resource and look for a reevaluation of these projects, to show the market what is there, in particular Dorado.

We've just finished a nearly 5,000-meter program. Being in Chile and at 14,000 feet, it's getting towards winter there right now. We've finished our drill program; we drilled a total of just under 4,300 meters. We have three holes remaining to be released to the market. Today, we released news and excellent drilling results to date. This is all our results up to hole six of our program, with a highlighted intercept of 248 meters at .75 grams per ton. Most of this would be an oxide material, so that's an excellent result from this drill program. This sets out the mineralized area approximately 80 meters to the north. It's a well-considered conservative step out for us. Our focus on this project is expanding that near surface mineralization.

Dr. Allen Alper: Well, that's fantastic. Those are excellent results and really great news for your investors and shareholders.

Adrian Rothwell: Absolutely. Yeah, we've gotten some good responses from this. You know, pressure's on us to keep performing, which we're excited to do. Over the winter in Chile, we have started permitting a program, at our Nevada project that will be our focus for the next few months. As I said, we have a couple of holes remaining from Dorado. We also have released some information on new targets at Dorado. We're currently doing IP on what we're calling the Lajitas South Target, this is about 1 kilometer south of the historic resource area on Dorado and is a large coincident anomaly about 2.2 kilometres across – We sampled gold at surface in the interpreted porphyry centre which has been overprinted by epithermal mineralization. So very excited to drill that as well!

Dr. Allen Alper: That's excellent. Could you tell our readers/investors more about your plans for the rest of the year and going into 2022?

Adrian Rothwell: I’ll tell you about our step-by-step plans, we submitted a notice of intent permit application for drilling at Iron Butte. I was just down in Nevada, a couple of weeks ago, and we revised our planned drilling at Iron Butte to include a greater number of pads. From that visit, we were specifically looking at the road network at that site. It looks better than anticipated. We're able to get into a lot more areas for drilling and setting up drill pads. We would expect to get the permit on that very soon. The plan for Iron Butte would be over a number of phases. We're permitting up to 10,000 meters of drilling. This is around two zones of the historic resource. The historic resource is about 600,000 ounces, a little more than half of that is oxide at about .66 grams per ton.

Our immediate objective is to expand this. It's set between two zones, the Red Ridge and the North Zone. Our focus is drilling on some of the targets we have, both below the current resource area and between those two zones. Our focus is on oxide as well. That's your moneymaker on these projects. That would be most of the summer. We're also going to be pulling together drill targeting in Chile, for the upcoming drill season down there. We've left our camp infrastructure at site. It was a really big effort this year to get that set up, at a site on the Lajitas historic resource. So that remains there.

That means we can start drilling a little quicker in the upcoming drill season. That could start as early as September. Beyond that we're looking at putting some holes in Lajitas South and now Lajitas South is about a 1.8 by 2.2-kilometer alteration zone that is undrilled. There is a little bit of infrastructure in terms of road infrastructure through there. So not a huge push for us to go and drill some test holes in a new zone.

This is an area where we have coincident, magnetic and hyperspectral anomalies, as well as talus fines and rock chip samples. It's really shaping up to look like a classic Maricunga gold porphyry, overprinted by a gold epithermal system. It's giving us multiple objectives near surface to test. So that really is our objective later in the year through to 2022.

Dr. Allen Alper: Well, that's excellent. It sounds like 2021 is a very exciting and terrific time for Angold and your stakeholders and shareholders.

Adrian Rothwell: Absolutely. A lot to look forward to.

Dr. Allen Alper: That's excellent. Adrian, could you update our readers/investors on your team?

Adrian Rothwell: We have a great Team in Chile, headed up by our Senior Exploration Manager for Chile, Guillermo Peralta. He's an experienced Geo in Chile. We've hired him on full time. We have a great Maricunga-based, experienced Team down there that he's managing. We also have good coverage in Nevada, our Head of Geology is David Smith, based out of the U.S., he's very experienced in Nevada.

We have our Consulting Geologist, Ken Coleman, who works for us down in Battle Mountain. And Marcus Johnston has pulled together some fantastic groundwork, specifically around structural geology Iron Butte. That's really the core of our Team. Obviously, corporately, we have some great advisors and people on the Board, including Galen McNamara, the present CEO of Summa Silver. He is our Chairman. Brandon and Rony help round us out, with some good experience in Chile.

We also have Doug Ramshaw, Craig Parry and Michael Konnert, as Advisors to the Company and they are very experienced in their own markets. We also have properties in the Birch-Uchi District in Canada, so clearly there's a connection there with Doug and Great Bear. We have a good team and very distributed in these days of COVID.

Dr. Allen Alper: That's excellent. A very strong team and very well prepared to explore your properties. Adrian, could you tell our readers/ investors the primary reasons they should consider investing in your Company?

Adrian Rothwell: Yeah, at its simplest level it's about expanding our gold resources in the ground through true exploration. That's our focus for 2021. Our focus is on drilling, in particular Dorado and Iron Butte and Cordillera, towards the end of the year. I think this is a great time to be looking at gold stocks. We're seeing gold having a bit of a breakout today. It's doing well. I think that this is just the beginning, so that's when you want to get involved and invested. I think that this is a good timing for Angold as well, with everything we have coming up in 2021.

Dr. Allen Alper: That sounds excellent, Adrian. Is there anything else you'd like to add?

Adrian Rothwell: If you want to know more, just go to our website. It's www.angoldresources.com and send us an e-mail. I'm on the other end of that, so happy to answer any questions.

Dr. Allen Alper: That sounds excellent. We’ll publish your press releases as they come out, so our readers/investors can follow your progress.

https://www.angoldresources.com/

Adrian Rothwell
Chief Executive Officer
investors@angoldresources.com
(866) 852 8719