TORONTO, ONTARIO–(Marketwired – June 13, 2016) – Argonaut Gold Inc. (TSX:AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce that it has come to an agreement to acquire the necessary land to develop its San Agustin project in Durango, Mexico. This recent land agreement allowed the Company to file for the required Change in Use of Soil permit. The Company expects to make a construction decision during the second half of 2016.
Pete Dougherty, President & CEO stated: “With the EIS already completed and now that we have come to an agreement on the land for the San Agustin project and filed our permit application, we expect to receive a permit decision during the third quarter of 2016. Assuming a positive construction decision in the fourth quarter of 2016, we would anticipate first gold production from San Agustin in the third quarter of 2017.”