Argonaut Gold Inc. announced that drill hole MA21-076 has intersected a core length of 16.0m at 6.1 g/t Au and drill hole MA21-085 has intersected a core length of 7.0m at 8.8 g/t Au within the Elbow Zone at its 100%-owned Magino project in Ontario, Canada. These results are part of the early-stage resource definition drilling campaign targeting high-grade gold mineralization at depth below the planned Magino open pit. Recent drilling at Magino has been primarily focused on tightening the drill spacing within the Elbow Zone on a pattern targeting 40m spacing in the upper 500m and 80m spacing between a vertical depth of 500m and 1,000m. Infill drilling continues to encounter high-grade gold mineralization within a steep north-east plunging structure. Visible gold is frequently observed in grey quartz veins hosted within the granodiorite intrusive along the northern contact of the volcanic rocks. The Elbow Zone is interpreted to merge with the Central Zone at depth, as both zones follow structurally controlled contacts of either the granodiorite intrusive and the volcanic rocks (Elbow) or the granodiorite and aplite dykes (Central). These two contact packages appear to be coming together at depth. Although not specifically targeted during this program, the Central Zone was intersected by two drill holes: MA21-085W1 (5.0m at 6.1 g/t Au) and MA21-087 (4.0m at 6.6 g/t Au). Visible gold was observed in quartz veins in both of the drill holes that intercepted the Central Zone. Potential strike extension exists moving west across a late diabase dyke where preliminary drilling intersected the Scotland Zone with discovery hole MA20-50A with 7.0m at 14.0 g/t Au, including 3.0m at 31.9 g/t Au, at the northern granodiorite intrusive contact with the volcanic rocks.