The company has contracted AK Drilling International for the reverse circulation drilling program, to be executed at a minimum depth of 2,500 metres.
The Kaituma Uranium/Gold Project is found to be a geophysical/geochemical uranium target within an episyenite intrusive in Guyana Shield Greenstone Belt.
Argus Metals Corporation president Michael Collins said, "The Kaituma Uranium/Gold Project is one of the few undrilled global uranium exploration targets with the potential size to have a significant impact on uranium markets."
The prospect has a strike of over 10km and a width of 1km punctuated by grades from trace up to 0.23% Uranium in saprolite trenches and from trace up to 0.0948% eU in weathered outcrop.
Drilling will be undertaken in a series of 150m long drillholes targeting uranium and gold anomalies identified through earlier exploration work conducted by StrataGold, BHP, AREVA in 2010.
Argus Metals purchased the Kaituma project from StrataGold Corporation and Newmont Overseas Exploration.
