11:25 AM EST - Argonaut Gold Inc. : Announced the results of a pre-feasibility study for its 100% owned Cerro del Gallo project located 30 kilometres east of Guanajuato City, Guanajuato, Mexico. All dollar amounts are expressed in United States dollars. The study revealed an after-tax internal rate of return of 20% and a net present value at a 5% discount rate of $175 million assuming $1,350 gold and $16.75 silver. Argonaut Gold Inc.
shares T.AR are trading down $0.015 at $1.77.
