Angus Gold Inc. announced it has commenced the fall drilling program on the Eagle River Splay Area on its 100%-owned Golden Sky Project in Wawa, Ontario. The Eagle River Splay Area is located just south of Angus? newly discovered Banded Iron Formation (?BIF?) Gold Zone where the company has been actively drilling since 2021.

This new exploration area covers an offshoot, or splay, of the Eagle River Deformation Zone which is host to Wesdome?s Eagle River Mine. The program will comprise approximately 2,000 metres testing 6 targets. The geologic setting of the Eagle River Splay is similar to that of the Eagle River mine to the south, comprising diorite, similar to that hosting most of the Eagle River mine, as well as volcanics, within a well-defined shear structure.

The deformed and interlayered mafic and felsic volcanic rock units closely mimic the geologic setting of Wesdome?s Falcon Zone. Historic rock samples collected at surface in this area have returned assay results of 12.34 g/t Au, 5.86 g/t Au, 5.35 g/t Au and 5.13 g/t Au. There has been no historical drilling completed in Angus Gold's portion of the Eagle River Splay.

Angus?s detailed ground induced polarization (IP) survey, conducted by Abitibi Geophysics, has identified numerous chargeable trends in the exploration area that will aid with target selection. There is a spatial relationship between the chargeable IP trends and the historic grab samples with anomalous Au results. The Golden Sky Project: The 100%-owned Golden Sky Project is located within the Mishibishu Lake Greenstone Belt of Northern Ontario, which is host to the high-grade Eagle River and the Mishi open-pit gold mines of Wesdome Gold Mines Ltd. (?Wesdome?).

The Company?s 280-square-kilometre land package is located approximately 50 kilometres west of the town of Wawa and is situated immediately between the two Wesdome mines. The project is host to the near-surface Dorset Gold Zone, which contains a historic estimated resource (using a 0.50 g/t Au cut-off) consisting of an indicated resource of 40,000 ounces of gold (780,000 tonnes grading 1.4 g/t Au), and an inferred resource of 180,000 ounces of gold (4,760,000 tonnes grading 1.2 g/t Au). Highlights: Fall drilling program to test new gold targets in the Eagle River Splay Area; Priority gold targets were identified with strong geophysical anomalies and are associated with a splay of the Eagle River Deformation Zone that is host to Wesdome?s Eagle River Mine; Numerous historic surface samples > 5 g/t Au were collected in the exploration area; No historical drilling has been completed in this area; Fall program to comprise approximately 2,000 metres in 6 holes.