Argo Gold Inc. (Argo Gold) has signed a purchase and sale agreement to sell a 100% interest in the South Wawa gold property in Ontario (Canada) to RT Minerals Corp. for consideration of 350 000 common shares of RT Minerals.
The South Wawa gold project consists of two mineral claims totaling 16 units or 256 ha located approximately 10 km south of the town of Wawa, Ontario in Naveau Township. The property is bordered to the north by Red Pine Exploration Inc.
Argo completed an MMI orientation survey, channel sampling, prospecting, mapping and grab sampling on the property during the 2017 field season. According to Argo Gold, the results of the channel sampling confirmed historic results. Prospecting delineated mineralised zones around an area termed the Camouflage vein. The highest gold grades obtained from prospecting samples are 11.6 g/t Au and 10.1 g/t Au.