To earn this stake, company spent approximately C$3 million on exploration at the site.

Intercepts in Lawyers project include 14.2 metres of 4.15 g/t gold and 61.23 g/t silver (4.92 g/t gold-equivalent) from 13 metres.

Company reported a new quarterly production record of 3,092 tonnes of vanadium pentoxide (V2O5) in Q3 2020, a 5% increase over Q3 2019.

Highlight intercepts include 14.5 metres of 253.7 g/t gold and 4.1 metres of 101.1 g/t gold.

Company has received approval to begin the first 13,000 metres of a planned 50,000-metre drill program at its Eau Claire gold project in the James Bay region.

The cabinet national security review, under the Investment Canada Act, raises concerns that the deal may not be able to close by a Feb. 8, 2021, deadline to complete the sale.

The property is in the same complex that hosts Newmont’s Yanacocha and Barrick’s Laguna Norte and Pierina mines.

Argonaut expects a first gold pour from this operation in the first half of 2023.