Umbra Magino Stool with Intergral Magazine Rack, Clear, H 42cm, B 43cm, L 29cm

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COO Marc Leduc said the ramp-up period through September was slower than anticipated due to some mechanical issues in the ball and SAG mills. Contractors assisted the mining team in making some repairs and adjustments. The defences were first proposed by Marshal Joseph Joffre. He was opposed by modernists such as Paul Reynaud and Charles de Gaulle, who favoured investment in armour and aircraft. Joffre had support from Marshal Henri Philippe Pétain, and the government organised many reports and commissions. André Maginot finally convinced the government to invest in the scheme. Maginot was another veteran of World War I; he became the French Minister of Veteran Affairs and then Minister of War (1928–1932). James Kofman, Chair of the Board, commented: " Pete Dougherty was the founder of the Company and has taken Argonaut from a small Company to a diversified gold producer operating in three countries. The Board of Directors intends to work actively with and be available to the executive leadership team. Our Board consists of four members with mining CEO experience and a wealth of knowledge in both financing and strategic alternatives. We have full confidence in the existing executive team to step up during this interim period." These factors are discussed in greater detail in Argonaut's most recent Annual Information Form dated March 31, 2023 (the "AIF") and in the most recent Management's Discussion and Analysis filed on SEDAR, which also provide additional general assumptions in connection with these statements. We encourage all investors to review the Risk Factors section of our AIF in detail prior to making an investment decision in Argonaut. These factors are discussed in greater detail in the Argonaut's most recent Annual Information Form dated March 31, 2023, and in the most recent Management's Discussion and Analysis for the three and nine months ended September 30, 2023, both filed under the Company's issuer profile on SEDAR+. Argonaut cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail.

Although Argonaut has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Argonaut undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered if the property is developed. Comparative market information is as of a date prior to the date of this document. Total drilling, both surface and underground, within the Magino resource area is approximately 371,450 metres in 2,414 holes. The Qualified Person responsible for this section was unable to verify drilling completed before 2006 and excluded that data from being used to estimate Mineral Resources. This resulted in the removal of about 114,000 metres of data associated with 1,273 holes, most of which were short, small diameter underground core holes. In January 1923, after Weimar Germany defaulted on reparations, the French Premier Raymond Poincaré responded by sending French troops to occupy Germany's Ruhr region. During the ensuing Ruhrkampf ("Ruhr struggle") between the Germans and the French that lasted until September 1923, Britain condemned the French occupation of the Ruhr. A period of sustained Francophobia broke out in Britain, with Poincaré being vilified in Britain as a cruel bully punishing Germany with unreasonable reparations demands. The British—who openly championed the German position on reparations—applied intense economic pressure on France to change its policies towards Germany. At a conference in London in 1924 to settle the Franco-German crisis caused by the Ruhrkampf, the British Prime Minister Ramsay MacDonald successfully pressed the French Premier Édouard Herriot to make concessions to Germany. The British diplomat Sir Eric Phipps, who attended the conference, commented afterwards that:

High-voltage transmission lines, initially above-ground but then buried, and connected to the civil power grid, provided electric power to the many fortifications and fortresses. Mary, Jean-Yves; Hohnadel, Alain; Sicard, Jacques. Hommes et Ouvrages de la Ligne Maginot, Tome 1. (Men and Works of the Maginot Line). Paris, Histoire & Collections, 2001. ISBN 2-908182-88-2. (in French) Cash cost figures are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is considered the accepted standard of reporting cash cost of production in North America. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. The loaded carbon containing gold and silver particulates are acid washed, and carbon stripped in an AARL elution circuit and passed through electrowinning circuits to recover gold and silver.

The Maginot Line ( French: Ligne Maginot, IPA: [liɲ maʒino]), named after the French Minister of War André Maginot, is a line of concrete fortifications, obstacles and weapon installations built by France in the 1930s to deter invasion by Nazi Germany and force them to move around the fortifications. Magino is parked just to the west of Alamo Gold’s prolific Island Gold underground mine, now undergoing a third phase of expansion. Magino is a conventional open-pit mining operation with drilling and blasting, load, and haul methods. At Florida Canyon, Argonaut will also start a drill programme as part of a proof-of-concept programme on the sulphide material. TORONTO, March 30, 2023 /CNW/ - Argonaut Gold Inc. (TSX: AR) (the "Company", "Argonaut Gold" or "Argonaut"), is pleased to announce today a significant increase in Mineral Resources for the Company's two principal assets: the Magino Project, in the final stages of construction, located in Ontario, Canada, and the Florida Canyon Mine located in Nevada, USA. Measured and Indicated Mineral Resources at the Company's two principal assets increased by 14% to 5.7 million gold ounces, while Inferred Mineral Resources more than quadrupled to 3.0 million gold ounces. On a consolidated basis, Measured and Indicated Mineral Resources total 11.3 million gold ounces, Inferred Mineral Resources total 3.5 million gold ounces, and Proven and Probable Mineral Reserves total 5.6 million gold ounces effective December 31, 2022.

Argonaut Gold Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 Magino is a large high-quality asset with significant growth and expansion potential. This year, we expect to begin a program to convert resources to reserves within the open pit, and target the high-grade potential at depth," stated Marc Leduc, Chief Operating Officer. "We believe Magino will grow in size and quality to become Argonaut's cornerstone asset and one of the largest, lowest-cost gold mines in Canada." The property comprises seven patented mining claims, 69 unpatented mining claims, and four leased mining claims, encompassing a total area of 2,204.5ha. Geology and mineralisation of the Magino project The VDP cloches ( vision directe et périscopique or "direct and periscopic vision") are similar to the VP cloches but have two or three openings to provide a direct view. Consequently, they were not covered by concrete.

Ausenco Engineering Canada (Ausenco) signed a contract in January 2021 to provide engineering, procurement, construction and commissioning services for the Magino processing facility and other parts of the Magino construction project. Argonaut Gold Brief: Declaring Commercial Production at the Magino Mine; Announcing Sale of Additional Royalties Reagan's budgetary Maginot Line". The New York Times. 13 February 1985 . Retrieved 23 February 2023.

SUPPLEMENTAL IMPACT REPORT

French plans for an offensive in the 1920s were realistic, as Versailles had forbidden German conscription, and the Reichswehr was limited to 100,000 men. Once the French forces left the Rhineland in 1930, this form of leverage with the Rhineland as collateral was no longer available to Paris, which from then on had to depend on Berlin's word that it would continue to abide by the terms of the Versailles and Locarno treaties, which stated that the Rhineland was to stay demilitarised forever. [18] Given that Germany had engaged in covert rearmament with the co-operation of the Soviet Union starting in 1921 (a fact that had become public knowledge in 1926) and that every German government had gone out of its way to insist on the moral invalidity of Versailles, claiming it was based upon the so-called Kriegsschuldlüge ("War guilt lie") that Germany started the war in 1914, the French had little faith that the Germans would willingly allow the Rhineland's demilitarised status to continue forever, and believed that at some time in the future, Germany would rearm in violation of Versailles, reintroduce conscription and remilitarise the Rhineland. [18] The decision to build the Maginot Line in 1929 was a tacit French admission that without the Rhineland as collateral, Germany was soon going to rearm and that the terms of Part V had a limited lifespan. [18] German economic superiority [ edit ] Phase two will extend the pit to the northeast while phase three will extend the pit to the southwest. Phases four and five will push the pit to the final wall position in the northeast and southwest, respectively. Gold processing at Magino The Florida Canyon mine is expected to initiate civil earthworks for the Phase III pad in the fourth quarter of 2023. The JM cloches ( jumelage de mitrailleuses or "twin machine guns") are the same as the GFM cloches except that they have one opening equipped with a pair of machine guns. There are 174 JM cloches on the line.