Breaking New Ground for High-Grade Discover y

B r e a k i n g N e w G r o u n d

f o r H i g h - G r a d e

D i s c o v e r y

October 2020CSE: ARQ | OTC: ARBTF | FSE: P3U

This presentation may contain forward-looking statements that involve a number of risks and uncertainties,

including statements regarding the outlook for the Company’s business and operational results. By nature,

these risks and uncertainties could cause actual results to differ materially from what has been indicated.

Risk factors that could cause actual results to differ materially from any forward-looking statement include,

but are not limited to variations in the nature, quality and quantity of any mineral deposits that may be

located, being unsuccessful in establishing mineral resources and reserves, inability to produce minerals

from its properties successfully or profitably, capital and operating costs varying significantly from estimates,

delays or failure in obtaining governmental, environmental or other project approvals and being unable to

raise the necessary capital or to be fully able to implement its business strategies. Forward looking

statements are made based on management's beliefs, estimates, assumptions and opinions on the date the

statements are made. Although the Company believes that such statements are reasonable, it can give no

assurance that such expectations will prove to be correct and the Company undertakes no obligation to

update publicly or otherwise revise any forward-looking information as a result of new information, future

results or other such factors that affect this information, except as required by law.

F o r w a r d L o o k i n g S t a t e m e n t

- 2 -CSE: ARQ | OTC: ARBTF | FSE: P3U

F o c u s e d i n N W O n t a r i o


Argo Gold’s gold exploration projects are in the prolific NW Ontario Uchi Gold Belt

and have known high-grade gold mineralization with multi ounces per tonne

intercepts and known high-grade gold resources

CSE: ARQ | OTC American: ARBTF

Michipicoten, Iron Lake, Mishibishu Lake Greenstone Belts

Argo Gold’s Macassa Creek, Abbie Lake, Mishi Lake

Gold Producers Northwest Ontario

Company Property Production Life 2018 Pdn.* 2017 Pdn. 2016 Pdn.

Gold

Reserves

Newmont

GoldcorpRed Lake Mines > 100 Years 235,000 209,000 324,000 2,100,000

Newmont

Goldcorp

Musselwhite > 20 Years 265,000 236,000 261,000 2,300,000

Small High Grade Gold Mines Continue To Produce In Ontario

Company Property Production Life 2018 Pdn. 2017 Pdn. 2016 Pdn.

Gold

Reserves

Wesdome Eagle > 20 Years 67,315 58,980 47,737 416,000

Mishi O/P > 5 Years 4,310 7,985 7,485 102,000

Alamos Island Gold > 10 Years 105,800 98,600 83,323 887,000

* Production Estimates

I n v e s t m e n t H i g h l i g h t s - P r o j e c t


2 0 0 Y E A R S O F C O M B I N E D

E X P LO R AT I O N A N D

D I S C OV E RY E X P E R I E N C E

Judy Baker, B.Sc., MBA, – CEO

Pedro Villigran Garcia , B.Sc., MBA, – Vice President

Bill Kerr, B.Sc, P.Geo – Team

Dr. Jay Hodgson, B.Sc, M.Sc, PhD – Team

Delio Tortosa, M.Sc, P.Eng – Team

Josh Pellitier, B.Sc., M.Sc., P,Geo - Team

Kenneth Williamson, M.Sc, P.Geo - Team

Bryan Sinkunas, M.Sc.– Team

John Walmsley, B.Sc. – Team

Jonathan Armes, B.Sc. – Director

George Langdon, B.Sc, M.Sc., PhD – Director

Reinhard Schu – LL.B. - Director

Chris Wardrop - LL.B.. – Director

I n v e s t m e n t H i g h l i g h t s

E x p e r i e n c e d T e a m


CSE: ARQ | OTC: ARBTF | FSE: P3U


C a p i t a l S t r u c t u r e

- 7 -

Shares Outstanding: 52,847,349

Warrants ($0.12, Feb ‘23): 11,200,000

Options ($0.15 - $0.27): 5,000,000

52-Week High/Low: $0.35 / $0.04

20% - Eric Sprott

10% - Accilent Capital & Northfield Capital)

10% - Team:

› A Chellow Vein outcrop

averages 28 g/t gold over

a 70 metres of strike

length on 2 metre

channel sampling

intervals.

› Located 30 km NW of

past-producing Golden

Patricia Mine (600,000

ounces @ 14 g/t Au).

› Bear Head Fault Zone

cuts the SW margin of the

25 km2 project area of

folded volcanic rocks and

area porphyries.

› Mineralization includes

lode gold, epithermal and

porphyry. Mineral occurrences and alteration types, Lang Lake GB (modified after Magnus, 2014)

M c V i c a r L a ke G o l d P ro jec t


Ta l b o t L a k e G o l d P r o j e c t


Talbot Lake is

located 70 km east

of Pickle Lake in

the prolific Uchi

Geologic

Subprovince

The Talbot Lake

Gold Project has

known high-grade

gold mineralization

of approximately

50,000 ounces @

14 gpt gold

Volcanics with

prolific banded iron

formations that

also have known

gold mineralization

and are targets for

another

Musselwhite

› Multi-million ounce gold deposits

across the Red Lake and Birch Uchi

Greenstone Belts

› Decades of gold production among

active and past mines

› Gold production at depth with Red

Lake Mine Depths to +3000 m

› Confederation Volcanics overlie the

Red Lake Balmer volcanics

› Gold Producers: NEM GC Red Lake

Mines

› Gold Developers: Pure Gold, Rubicon

and First Mining

› Gold Explorers: Great Bear spurred

exploration rush

RED LAKE and BIRCH UCHI GREENSTONE BELTS

U c h i L a k e G o l d P r o j e c t

G R E A T B E A R

D I X I E

P R O J E C T

A R G O G O L D

U C H I G O L D

P R O J E C T


Uchi Gold

Project

(4.9 M oz Au)

B i r c h - U c h i G r e e n s t o n e B e l t

M u l t i - m i l l i o n - o u n c e d e p o s i t s

CSE: ARQ | OTC: ARBTF | FSE: P3U- 11 -

Red Lake

Criteria

Great Bear

Resources: Dixie Argo Gold: Uchi

Geology Confederation

Sequence

Confederation Sequence

Structure Proximal to major

structure

Proximal to major

structure

Mineralization Quartz Vein System Quartz Vein System

Overburden Approx. 2 metres Approx. 3 metres

Outcrop Little to none Little to none

U c h i L a k e D e f o r m a t i o n Z o n e

A r g o G o l d ’ s U c h i G o l d P r o j e c t

a n d G r e a t B e a r ’ s D i x i e

Uchi Gold

Project


H I G H - G R A D E

› 132 g/t Au over 1.8 metres




› The Uchi Gold Project is 22 square kilometres of 100%

owned mineral claims

› Adjacent to 4 past-producing underground gold mines

› Uchi Geological Subprovince of greenstone belts is the

second most endowed gold belt in the Canadian Shield

and hosts many multi-million ounce deposits

› The Uchi Gold Project is in a corridor that is 5 kilometres

along strike and several kilometres wide

› Widespread gold mineralization and multiple mineralized

structures

› The Uchi Gold Project has known High-Grade Gold

Mineralization at Woco, Northgate and Raingold

› Biogeochemical gold anomalies are expanding known gold

mineralization – Woco Vein structure now 280 metres

› Close to infrastructure including the South Bay Mine Road

and a power line crosses the project

› Both Argo Gold’s Uchi Gold Project and Great Bear’s Dixie

Project are in the same volcanic stratigraphy – the

Confederation Volcanics and proximal to a major

structural boundary


U c h i G o l d P r o j e c t


x

RainGold

Uchi Gold Project

U c h i G o l d P ro j e c t

M i n e r a l C l a i m s

› 22 square kilometres; 100% owned- 14 -


Uchi Gold Corridor

Barrick Patents

Argo Gold Claims

Past Au Producer(with reserves)Past Au Producer(without reserves)

Prospect

Occurrence

Historical Au Vein

AEM Conductor &Conductive Zone

Argo Gold

Property

South

Bay

(Zn,Cu) Grassett Mine

(Au)

HST Zone

(Au)

Bobjo Mine

(Au)

Jalda Mine

(Au)

Hanalda

Mine

(Au)

Uchi Mine

(Au)Woco Vein

(Au)

Northgate

Zone

(Au)

Raingold

(Au)

› Uchi Gold Corridor is 5 kilometres of strike length and several kilometres wide.

› Multiple mineralized trends Widespread gold mineralization.


G o l d M i n e r a l i z a t i o n C o r r i d o r


Barrick Patents

Argo Gold Claims

Past Au Producer(with reserves)

Past Au Producer(without reserves)

Prospect

Occurrence

Historical Au Vein

AEM Conductor &Conductive Zone


G o l d M i n e r a l i z a t i o n C o r r i d o r

Uchi Gold Corridor

Argo Uchi Gold

Property

CSE: ARQ | OTC: ARBTF | FSE: P3U - 16 -

› Woco Gold is a high-grade gold vein shoot in a brittle fracture

system with a historical resource of 27,000 ounces at a grade

of 0.33 oz./ton Au drilled to 200 metres. Argo Gold confirmed

mineralization in Winter 2019 drill program with intercepts

including 132 g/t Au over 1.8 metres

› Northgate Gold is a shear-hosted gold vein system with a

historical resource of 18,000 ounces at a grade of 0.28

oz/ton Au defined by drill campaigns in 1937 and 1952. Argo

Gold confirmed mineralization in Winter 2019 drill program

with intercepts including 34.4 g/t Au over 0.5 metres

› Raingold is a shear-hosted gold vein system where a 1930’s

trench reported 8.1 g/t Au over a strike length of 122 metres

and 2.1 metre width. The Summer 2019 field program,

identified anomalous gold assays over 600 metres of strike

length and a continuous chip of five samples of 14.5 g/t Au

across 2.6 metres

› Known mineralization associated with outcrop. Minimal

outcrop given widespread overburden of 1 to 3 metres. The

Summer 2019 Biogeochem Survey identified multiple blind

gold anomalies at the Uchi Gold project

TWO KILOMETRES of PROSPECTIVE STRIKE LENGTH between WOCO and NORTHGATE

x

RainGold

Uch i G o ld P ro j ec t


H I G H - G R A D E

› Woco Gold is a high-grade gold vein shoot in a

brittle fracture system with a historical resource of

27,000 ounces at a grade of 0.33 oz./ton Au

drilled to 200 metres; defined by a 1993-1994

drill program by St. Jude Resources.

› Argo Gold confirmed Woco gold mineralization

with drill intercepts including 132 g/t gold Au over

1.8 metres in the Winter 2019 drill program.

› Believed to be part of a bigger deep-seated

system in the Uchi Gold Corridor and the down

plunge extension remains too be tested

› Higher grade might be related to dacite thickness

in hanging wall

› Correlation between grade and vein thickness

› Trench grades at surface requires further surface

clearing, mapping and sampling

› Structure hosting Woco Vein now 280 metres

› Known gold BioGeoChem anomaly located 150

metres SSE of the Woco Vein

Woco G o ld


Woco G o ld

Mineralization is in

red bars, with length

proportional to grade

Longitudinal drill hole section showing distribution of drill holes

Intersections of basalt (green)

and dacite (yellow) correlate

to mineralization

- 19 -

S H E A R - H O S T E D G O L D V E I N S Y S T E M

› Northgate Gold is a shear-hosted tourmaline-bearing quartz

vein system with visible gold and up to 10% sulphides

› A historical resource of 18,000 ounces at a grade of 0.28

oz/ton Au was defined by drill campaigns in 1937 and

1952.

› Argo Gold confirmed Northgate gold mineralization in the

Winter 2019 drill program with drill intercepts including

34.4 g/t Au over 0.5 metres.

› The Winter 2019 drill program extended the known strike

extent of gold mineralization at Northgate by 50 metres to

the NNE to 250 metres in total known strike extent.

› A 1937 trench reported 0.497 oz/ton Au over 200 feet of

strike length and a width of 3.0 feet.

› Argo Gold’s Summer 2017 field program confirmed

significant mineralized widths of up to 4 metres with chip

samples returning up to 27.4 g/t Au over 0.65 metre widths.

› the mineralization occurs in a shear zone in basalt, and

consists of sericite, chlorite and carbonate altered schist,

quartz veinlets with abundant tourmaline and disseminated

pyrite

Northgate

Woco

Uchi Break

Uchi Break

N or thgate G o ld

- 20 -

N or thgate G o ld

- 21 -

A T H I R D M I N E R AL IZ E D T R E ND

› Raingold is a shear-hosted gold vein system where 1930’s

trenching reported 8.1 g/t Au over a strike length of 122

metres and 2.1 metre width.

› Summer exploration in 2019 by Argo Gold identified 20 pits

up to 2 m square over a strike length of 700 m. Shearing

and gold mineralization occurs at the basalt/ dacite-rhyolite

contact. Anomalous gold assays over 600 metres.

› One continuous chip of five samples returning 14.5 g/t Au

across 2.6 m.

› Gold mineralization occurs in pyritic shear zones containing

tourmaline-bearing quartz veins and stringers. The quartz

veins vary from 0.6 m to 2 metres wide. The shear zone

strikes north-south and dips steeply east.

› HST Zone is a fractured/sheared gold-bearing zone

associated with a lean iron formation that extends for

several kilometres and follows a lithologic horizon between

rhyolite and greenstones.

› At the north end of the HST Zone, the Grassett Mine was

developed in the late 1930’s with 5 levels

› Several gold occurrences are found along the length of the

HST Zone which include the Raingold and Milberry

prospects.

Ra i ngo ld /HST


Uch i G o ld B i ochem Sur vey

› Biogeochemical survey identified multiple blind gold

anomalies at the Uchi Gold project

› Structure hosting Woco Vein extended to 280 metres

from 70 metres as a result of following up on a survey

anomaly that identified the Woco South Zone

› Known gold mineralization in the camp associated

with outcrop. Widespread overburden of 1 to 3 metres

requires alternative exploration tools. Sub-overburden

gold anomalies represent targets to expand known

high-grade gold mineralization

› Biogeochemistry Survey was completed at the Uchi

Gold Project on the main mineralized Gold Corridor

that has a strike length of approximately 5 kilometres

› Multiple other blind targets were identified along the

entire strike length of the mineralized trends

› Follow-up bedrock till and bedrock sampling program

planned to test other targets


U C H I G O L D P R O J E C T

› Integrated known geology, structure, areomag and

biogeochemistry results into GIS database and create 3D

models.

› Carried out mechanical stripping and washing at areas of

known high-grade gold mineralization and area

biogeochemistry anomalies.

› Completed geological and structural mapping at Woco –

Woco South, Northgate and Raingold.

› Over 200 linear metres of diamond-saw channel sampling

completed. Assays pending

› Bedrock drill sampling and drill program planned for Winter

2021 to continue to locate structure and test biogeochem

anomalies.

› Spring 2021 drill program planned - based on 2019 & 2020

exploration programs - targeting known gold mineralization

where there is scale and potential for down plunge, on strike

and en echelon extensions of gold mineralization.

H I G H - G R A D E i n te r c e p t s





2 0 2 0 – 2 0 21 O b j e c t i v e s


› Located in North end of

Birch – Uchi Greenstone Belt and

50 kilometres east of Red Lake.

› Drilling in 1980s encountered gold

mineralization containing

3.7 grams per tonne over

0.3 metres.

› Boulders with visible gold up to 0.5

cm in quartz veinlets in

metasedimentary host rocks had

been discovered in the area.

› Follow-up field work planned to

better define the structure, geology

and mineralization.


A n g e l a L a k e G o l d P r o j e c t

ARGO GOLD’S GOLD PROJECT ARE WORLD CLASS

› Prolific Subprovince and Greenstone Belts

› Known High-Grade gold mineralization

› Team and research identified unknown gems

EXPERIENCED TEAM

› Over 200 years of combined exploration and discovery

experience

COMMITED OWNERSHIP

› Eric Sprott – 20%.

› Northfield Capital and Accilent Capital ~ 10%.

› Team – 10%

SERIOUS DISCOVERY POTENTIAL

› 2019 Drill results include 132 g/t Au over 1.8 metres.


Why A r go G o ld ?

- 26 -

Contact

Quest ions and D i scuss ion

J u d y B a ker

C E O

( 416 ) 7 8 6 - 7 8 6 0

j b aker@ ar g o go ld . ca

www.argogold.ca


mailto:[email protected]

MAY 2015

› Argo Gold commences trading on the CSE, under the

name Arbitrage Exploration holding the 100% owned

Hurdman Silver/Zinc Property in Timmins.

JUNE 2016

› Staked McVicar Lake in northwestern Ontario.

NOVEMBER 2016

› Acquired 3 Gold properties in the Wawa gold camp:

Rockstar, Macassa Creek and Abbie Lake.

› Acquired the Woco Gold Property near Red Lake

Ontario from Dollard Mines.

MARCH 2017

› Staked additional ground at Hurdman Silver/Zinc

Acquired the Mishi Lake Gold Project in Wawa.

MAY 2017 TO OCTOBER 2017

› Exploration work at Woco, all Wawa projects,

McVicar Lake and the newly acquired Northgate

Gold project adjacent to Woco.

AUGUST 2017

› Acquired Northgate Property, adjacent to Woco.

OCTOBER 2017

› Staked additional claims at McVicar Lake.

› Exploration results for Woco and South Wawa.

NOVEMBER 2017

› Exploration results for Macassa Creek and Northgate.

FEBRUARY 2018

› Acquired the adjacent Geisler Patents at Woco.

APRIL 2018

› Staked Percy Lake Zn-Cu-Cd Property in the Batchewana

Greenstone Belt.

MAY 2018

› Staked Angela Lake Gold Property in Northwestern

Ontario and the Southwest Extension at the flagship

Woco Gold Project.

JUNE 2018

› Staked Keelow Lake Cobalt Project near SSM.

FEBRUARY AND JUNE 2019

› Staked additional claims to the Uchi Gold Property and

McVicar Lake Property.

A p p e n d i x A – A r g o G o l d H i s t o r y


A p p e n d i x B – E x p l o r a t i o n P o r t fo l i o


- Abbie Lake

- Macassa Creek

- Mishi Lake

- Hurdman

- - Keelow Lake

COBALT EXPLORATION

GOLD EXPLORATIONWawa Area

Red Lake – Pickle Lake Area- Uchi Gold

- McVicar Lake

- Talbot Lake

- Angela Lake

GOLD EXPLORATIONNorthwestern Ontario

ZINC-SILVER EXPLORATION

United States

of America

G o l d , C o b a l t a n d Z i n c - S i l v e r P r o j e c t s

CANADA

› Hurdman is a Zinc-Silver rich,

semi-massive to massive

Sulphide Zone along strike for

450 metres, north dipping

15 to 25 degrees and within

150 metres from surface.

› Drill widths of 1 to 38 metres

and the mineralization remains

open in all directions.

› Significant drill results include

3% Zinc and 12 g/t Silver over a

true width of 23.6 metres.

› Shallow dip of the deposit is

amenable to open pit.

› Gold credit.

E x p l o r a t i o n P o r t fo l i o ( Z i n c )

H u r d m a n Z i n c - S i l v e r


› The Hurdman Project is 120

kilometres North of

Timmins, ON.

› Core claims of 2688

hectares and recently staked

Strategic claims covering

4240 hectares.

› Stratabound Zinc-Silver

deposit occurs at the

juncture of the Quetico

Metasedimentary Belt and

the Kapuskasing Structural

Zone.

› In addition to the Hurdman

Sulphide Zone there are a

significant number of

surrounding drill targets.

E x p l o r a t i o n P o r t fo l i o ( Z i n c )

H u r d m a n Z i n c - S i l v e r


Breaking New Ground for High-Grade Discover y

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