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Creating the Next Quality Mid-Tier
Gold Producer in the Americas
Argonaut Gold Inc. is a new Canadian gold producer with operating mines and advanced exploration projects in the state of Durango, Mexico and Guatemala. The State of Durango is one of Mexico's most prolific gold and metal producing states. El Castillo is Argonaut's 100% owned open pit, heap leach gold mine located one hour north of the state capital Durango. El Castillo hosts 750,000 ounces of Proven and Probable Gold Reserves and 1.2 million ounces of Measured and Indicated Resources. Our prime exploration property, La Fortuna is also located in Durango. We've encountered numerous high-grade intersects and plan additional exploration drilling later in 2010. El Sastre, located in Guatemala is a 50% joint venture.
Argonaut has been created by the former executive management team of Meridian Gold Corporation, namely Peter Dougherty, Edgar Smith and Brian Kennedy. This team has a strong history of creating value and was able to generate extraordinary returns for Meridian's shareholders in excess of 660% over a 10 year period.
Argonaut is currently evaluating several mining projects that would benefit from skilled management, consolidation and access to capital. Under Argonaut's leadership, the combination of these assets and new capital could allow for operational synergies, expansion of production and an increase in overall precious metals resources, resulting in a major increase in their combined values. Argonaut Gold will deliver on operational targets, in a safe, cost efficient manner, while honoring commitments to the environment and communities where we operate.
Growth through exploration and expansion of our existing asset base is the foundation for Argonaut Gold to Create the Next Quality Mid-Tier Gold Producer in the Americas.
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