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5/18/18

Argonaut Gold (AR.to) and the continuing application of the IKN First Law of Mining NRs

Back on April 12th when the Argonaut Gold (AR.to) "they won't let us go ka-boom at La Colorada" soap opera began, this humble corner of cyberspace ran the post linked right here that started with a repetition of our First Law:
 "The IKN First Law of Mining News Releases: Considering that anything contained in a mining news release is presented in the best possible way for the company in question, any piece of information contained in a NR that comes across in any way negative means the real news and/or events behind it must be very, very bad indeed."
So let's see how things have been going since then (with bold type added to ease your soul):

April 12th:
Toronto, Ontario – (April 12, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) reports that its wholly-owned subsidiary that owns the La Colorada mine has had its permit for the use of explosives at the site temporarily suspended as a result of a pending legal action brought by four individuals against the Secretary of National Defense (“SEDENA”) and the Municipality of La Colorada.  Activities at site continue unaffected due to the availability of blasted and stockpiled material adequate to allow for operations to continue normally.  Stockpiles are sufficient that operations will continue normally through at least April 16, 2018, at which time there is a hearing scheduled where Argonaut hopes to resolve the issue.

April 17th:
Toronto, Ontario – (April 17, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) reports that the has court postponed the hearing pertaining to Argonaut’s explosive permit at its La Colorada mine (see press release dated April 12, 2018) to allow the Secretary of National Defense (“SEDENA”) to provide evidence requested by the court regarding the temporary suspension of the explosives permit at Argonaut’s La Colorada mine.  It is expected that a ruling will be issued within 15 business days of the original hearing date (April 16, 2018), as required by law.

April 27th:
Toronto, Ontario – (April 27, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) reports that the court has rescheduled the hearing pertaining to Argonaut’s explosive permit at its La Colorada mine to May 16, 2018.

And now May 17th:
Toronto, Ontario – (May 17, 2018) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) reports that the Judiciary court hearing with respect to the Company’s explosives permit for its La Colorada mine (see press releases dated April 12, 2018, April 17, 2018 and April 27, 2018) has been rescheduled to June 4, 2018.

This is fine.