--- title: "Argo Increases Its Uranium Mineral Claim Position in the Athabasca Basin, Saskatchewan" description: "Argo Gold Inc. has expanded its uranium mineral claim position in the Athabasca Basin, Saskatchewan, now covering 264 hectares at Thunderclap. The company holds a 100% interest in three additional ura" type: "news" locale: "en" url: "https://longbridge.com/en/news/264034153.md" published_at: "2025-11-03T13:12:13.000Z" --- # Argo Increases Its Uranium Mineral Claim Position in the Athabasca Basin, Saskatchewan > Argo Gold Inc. has expanded its uranium mineral claim position in the Athabasca Basin, Saskatchewan, now covering 264 hectares at Thunderclap. The company holds a 100% interest in three additional uranium areas, totaling 15,962 hectares. Thunderclap is strategically located near several significant uranium mines. Historical drilling results in the area indicate promising mineralization, and Saskatchewan ranks highly for mineral exploration investment. The technical information has been reviewed by a qualified person, emphasizing the potential for further exploration in this mining-friendly jurisdiction. ### November 03, 2025 8:11 AM EST | Source: Argo Gold Inc. Toronto, Ontario--(Newsfile Corp. - November 3, 2025) - Argo Gold Inc. **(CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS)** ("**Argo**" or the "**Company**") has increased its uranium mineral claim position at **Thunderclap** in the Athabasca Basin, Saskatchewan. Argo Gold's 100% interest at **Thunderclap** now covers 264 hectares of prospective uranium mineral claims in the Athabasca Basin. Argo Gold also has a 100% interest in three other uranium areas in the Athabasca Basin - **Parker Lake**, **Thunderbolt** and **ZigZag -** which altogether total 15,962 hectares and are considered prospective for uranium mineralization. **Thunderclap** is located 16 kilometres SSW of the McLean Lake Uranium Mine and Mill, 18 kilometres SW of the Rabbit Lake Mine and Mill, 30 kilometres NE of Cameco's Cigar Lake High Grade Uranium Mine, 12 kilometres south of the Points North Landing camp and airstrip, and 17 kilometres south of Denison Mine's Midwest Lake ISR uranium deposit. Thunderclap is surrounded by Cameco Corporation, with Uranium Energy Corp (UEC) to the immediate east. To the east of the **Thunderclap** mineral claim, drilling by Asamera in 1982 returned 0.13% eU3O8 over 4 metres in sheared, reduced yellow brown to olive green chlorite schist from the diamond drillhole Q12a-9. The unconformity lies at a depth of 182 metres with bleaching, hematite and chlorite alteration in basement rocks. (Reference: SMDI 1969 located 600 metres east of **Thunderclap**). A second drill hole (SHA-042) intersected the unconformity at 197.2 metres returning 0.021% U3O8/4.0 m from 306-310 m and 0.071% U3O8/7.0 m from 499-506 m at the contacts of semipelitic gneisses and pegmatites. (Reference: SDMI 3480 is located 1500 metres east of **Thunderclap**). To the NW of **Thunderclap** and 5.28 kilometres south of the Midwest Lake Uranium Deposit, historical drilling intersected 0.25% eU3O8 over 4.0 metres in DDH Q8-24 from 166.3 to 170.3 metres in the lower sandstone and regolith in black pyritic sandstone and 1.1 metres in the lower sandstone of 14.8% Ni, 7.2% Co, 1.44% Cu, 1.14% As and 0.16% Pb. (Reference: SMDI 2551). Historic drilling 3.5 kilometres to the SW of **Thunderclap** returned 0.34% U3O8 over 0.5 metres as well as anomalous nickel arsenide, cobalt, copper, lead and zinc. (Reference: SMDI 2751). The anomalous polymetallic mineralization is considered to be very significant, as the Cigar Lake high grade uranium mine carries similar polymetallic mineralization along with the uranium and gold/silver. The Thunderclap Property is considered highly prospective and has never been drilled-tested. The Fraser Institute's Annual Survey of Mining Companies ranked Saskatchewan as third in the world for mineral exploration and mining investment attractiveness. Argo is well positioned to advance mineral exploration with high-quality assets in a mining friendly jurisdiction. **Map 1: Location of Thunderclap uranium mineral claims** To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3921/272912\_0b8cd34944519b50\_001full.jpg **National Instrument 43-101 Disclosure** The technical information in this news release has been reviewed and approved by Michael Guo, who is a "Qualified Person" as defined in National Instrument 43-101. Historical geochemical, drilling results and geological descriptions quoted in this news release were taken directly from news releases by other mineral explorers and from information provided by the Government of Saskatchewan. Management cautions that results reported by other parties on adjacent properties have not been verified nor confirmed by its Qualified Person, but Argo believes they create a scientific foundation for the exploration in the district. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on Argo's mineral properties. **Note on U****3****O****8** **Equivalence** Some of the reported U3O8 results represent "equivalent uranium," or eU3O8, which is determined through downhole probing techniques. These methods estimate the uranium content in situ by measuring gamma radiation, which is then converted into an eU3O8 value based on standard calibration factors. It's important to note that this is an indirect measurement, and the actual uranium species may vary. The eU3O8 values provide an estimate of uranium concentrations in the mineralization, but further assaying and metallurgical testing would be needed to confirm the precise uranium species and chemical grade. **Map 2: Location of Thunderclap, Thunderbolt, Zig Zag and Parker Lake uranium mineral claims** To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/3921/272912\_0b8cd34944519b50\_002full.jpg **National Instrument 43-101 Disclosure** The technical information in this news release has been reviewed and approved by Michael Guo, who is a "Qualified Person" as defined in National Instrument 43-101. Historical geochemical, drilling results and geological descriptions quoted in this news release were taken directly from news releases by other mineral explorers and from information provided by the Government of Saskatchewan. Management cautions that results reported by other parties on adjacent properties have not been verified nor confirmed by its Qualified Person, but Argo believes they create a scientific foundation for the exploration in the district. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on Argo's mineral properties. **Note on U****3****O****8** **Equivalence** Some of the reported U3O8 results represent "equivalent uranium," or eU3O8, which is determined through downhole probing techniques. These methods estimate the uranium content in situ by measuring gamma radiation, which is then converted into an eU3O8 value based on standard calibration factors. It's important to note that this is an indirect measurement, and the actual uranium species may vary. The eU3O8 values provide an estimate of uranium concentrations in the mineralization, but further assaying and metallurgical testing would be needed to confirm the precise uranium species and chemical grade. **About Argo Gold** Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Information on Argo Gold can be obtained from SEDAR+ at www.sedarplus.ca and on Argo Gold's website at www.argogold.com. Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) CSE: **ARQ** as well as quoted on OTC: **ARBTF** and XFRA, XSTU, XBER: **A2ASDS.** Judy Baker, CEO (416) 786-7860 jbaker@argogold.ca www.argogold.com ***NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.*** ***Forward-looking Information Cautionary Statement*** *Except for statements of historic fact, statements in this news release constitute "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information contained in this press release include, without limitation, statements regarding the prospectivity of the mineral claims. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to future uranium prices and the supply of uranium; the results of exploration work; inability to raise the money necessary to incur the expenditures required to retain and advance the mineral claims, delays or uncertainties with drilling and surface preparation work, and not achieving hoped for exploration success. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available under the Company's profile on sedarpus.ca.* ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | UraniumX 完成了规模扩大的 431 万美元 LIFE 融资 | UraniumX Discovery Corp. 成功完成了增资后的 431 万美元 LIFE 融资，发行了 21,550,000 个单位，每个单位价格为 0.20 美元。首席执行官 Esen Boldkhuu 强调此次融资是一个重要的里程 | [Link](https://longbridge.com/en/news/275963249.md) | | Myriad Uranium 和 Rush Rare Metals 签署了最终合并协议，根据该协议，Myriad 将收购 Rush \| MYRUF 股票新闻 | Myriad Uranium Corp. 和 Rush Rare Metals Corp. 已签署最终合并协议，Myriad 将以 1 股 Rush 股票兑换 0.5405 股 Myriad 股票的比例收购 Rush 的 100% 普通股。 | [Link](https://longbridge.com/en/news/275897248.md) | | 雪佛龙表示，其子公司赢得了利比亚苏尔特盆地一个新区块的竞标 | 雪佛龙表示其子公司赢得了利比亚塞尔特盆地新区块的投标 | [Link](https://longbridge.com/en/news/275637615.md) | | Nexa Resources 报告其核心矿产资产的重大勘探钻探成功 | Nexa Resources SA 报告了其 2025 年计划的成功勘探钻探结果，在包括 Cerro Pasco Complex 和 Aripuanã 在内的关键地点完成了 69,807 米的钻探。重要发现包括 Aripuanã 的高品位多 | [Link](https://longbridge.com/en/news/275614760.md) | | 16:32 ETDJ Basin 的下一个盆地内压裂砂项目宣布了 USR 里程碑；重聚了曾建立 Apex Petroleum Engineering Inc.的团队 | Apex 70 Sand, LLC 已获得特别审查使用许可证，以推进在 DJ 盆地建设年产 200 万吨的压裂砂设施。该公司由 Apex Petroleum Engineering 的资深人士创立，旨在满足对盆地内压裂砂日益增长的需求，而这 | [Link](https://longbridge.com/en/news/275513648.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.