AurCrest Gold Announces Spring/Summer Exploration on East Red Lake Gold
31 Maio 2011 - 8:45AM
Marketwired
AurCrest Gold Inc. ("AurCrest" or the "Company") (TSX VENTURE: AGO)
wishes to provide an update on its 100% owned East Red Lake
property package made up of 27,960 acres of unpatented claims
located 110 km east northeast of Red Lake, Ontario. The Company's
holdings consist of two major properties in the central and
northern parts of the Birch Lake Greenstone Belt (East Red Lake),
one of which includes the original AurCrest Richardson Lake
Property and abuts the recent Springpole Lake gold discovery held
by Gold Canyon Resources.
Historic drill core samples recovered from the Richardson Lake
Property in April 2011 were found to exhibit tectonically
brecciated textures interpreted by re-examination and thinsection
microscopy. In addition, a re-evaluation of historic drillhole data
and projected sections suggests the presence of an unconstrained
zone of gold mineralization hosted in tectonic breccia trending to
the west rather than to the south as previously interpreted. These
new observations suggest the Richardson Lake gold zone is more
closely related to an east/west structural shear-hosted style of
mineralization as opposed to a north/south breccia-conglomerate, as
previously interpreted.
The spring program will begin the week of Monday May 30th with a
return visit to the original Richardson Lake claims. During this
visit, historical core, trenches and outcrop on the claims will be
re-examined, re-logged and sampled based upon the new information
that has arisen from the initial core examination and drillhole
compilation. This re-evaluation program, utilizing similar and
successful methods employed during the 2009 Gold Canyon Springpole
reassessment program, is designed to identify drill targets on the
property to be tested in summer or fall of 2011 and through 2012. A
field program of surface prospecting, sampling, and ground checking
previously mapped rock units is planned for AurCrest's newly
enlarged property package throughout this summer.
Trevor Boyd, P.Geo., a qualified person as defined by National
Instrument 43-101 ("NI 43-101"), Vice President of Exploration
supervised the preparation of the technical information contained
in this press release in compliance with NI 43-101.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: AurCrest Gold Inc. Ian Brodie-Brown President and
C.E.O. (416) 368-2929 (416) 601-1450 (FAX) info@aurcrestgold.com
www.aurcrestgold.com
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