Argo Gold Inc. announced that it had entered into an agreement to acquire a 100 % interest in the Hurdman Silver‑Zinc Project, a 2,474‑hectare mineral claim located 120 km north of Timmins, Ontario. The agreement was signed on February 18 2026, and the company will issue 1,250,000 common shares at a price of CAD 0.125 per share, valuing the transaction at CAD 156,250. Shares will be subject to a statutory hold period of four months and one day.
The Hurdman Project contains known silver‑zinc mineralization, with historic drill intercepts of 3.0 % zinc and 12.1 g/t silver over 23.6 m, and significant gold intercepts of 48.7 g/t Au over 0.5 m and 2.5 g/t Au over 4.1 m. The deposit is an Archean Sedex‑type system located at the junction of the Quetico Metasedimentary Belt and the Kapuskasing Structural Zone.
The acquisition expands Argo Gold’s resource base and positions the company to pursue further exploration in the Timmins region. The company’s diversified operations include oil production, which provides a source of cash flow that can support its mining activities. The deal is part of Argo Gold’s broader strategy to add high‑potential mineral assets to its portfolio, complementing its existing uranium claims in Saskatchewan and gold projects in Ontario and Saskatchewan.
Michael Guo, the Qualified Person for the Hurdman Project, confirmed the technical viability of the mineralization. While the company has limited analyst coverage, the transaction is expected to enhance its exploration upside and strengthen its balance sheet with additional assets.
Argo Gold’s market capitalization was approximately CAD 7.57 million as of February 1 2026, and the company has about 71.9 million shares outstanding. The share issuance for the acquisition is a modest capital allocation that aligns with the company’s growth objectives.
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