Argo Gold Inc. announced that the near-term oil production at the Sparky oil wells is on track for before Spring break-up at Lindbergh and post Spring break-up at Lloyd. Surface preparations at Lindbergh are in progress for drilling to commence and be completed prior to Spring break-up. Argo's 37.5% participation in the Lindbergh oil well is expected to yield 55 barrels oil/day to 70 barrels oil/day to Argo.

At the second Sparky oil well, Argo is participating for 18.75% and Argo's share of oil production is estimated to be 30 barrels oil/day to 40 barrels of oil/day.