Beauce Gold Fields (Champs D’Or en Beauce) (BGF) (TSX
Venture: ¨BGF¨) Is pleased to announce the completion of
its 2019 Geological Survey and Mapping summer work program in
St-Simon-les -Mines located in the Beauce region of Quebec. The
program included channel sampling of rock outcrops and trenches
with a complete mapping of the surrounding geology.
First to complete a geological mapping of
the historical placer gold district
Geological mapping covered an area of around
30km2 centered on the St-Simon-les-Mines historical placer gold
district. Special attention has been paid to accurately
document the geology of rock outcrops near the Gilbert River and
former 19th and 20th century placer gold mines.
First large systematic sampling of roc
outcrops
Although the St-Simon-les-Mines region is known
for its numerous placer gold mines, data on bedrock geology was
sparse and incomplete. Quebec’s MERN geo-information system
(SIGEOM) database showed that very little geological mapping and
rock sampling (and geochemistry) has been done in the past.
Work carried out over the last century was
mostly concentrated on placer gold mining or exploration drilling
(reverse circulation (RC) and Sonic drilling) in the Quaternary
overburden. Drill surveys were used to assess the placer gold
deposits.
Beauce Gold Fields is therefore the first
company to have completed a detailed geological mapping and a
systematic sampling of the main lithological unit roc outcrops
found in the Gilbert River and Giroux Creek watersheds. Given the
presence of several generations of quartz veins in observed
outcrops, and its potential relationship in regards to gold,
special attention was paid to the structural and geochemical
aspects of the work completed in 2019.
Patrick Levasseur, President and CEO of Beauce Gold Fields,
stated, "We are the first exploration company to combine the use of
modern geophysical surveys with a systematic sampling of
sedimentary and volcanic rocks in the St-Simon-les-Mines area," Mr.
Levasseur further said "In addition, it is important to point out
that Beauce Gold Fields is also the first mineral exploration
company dedicated to searching for the source of the Beauce’s
historic placer gold deposits."
More than 200 rock samples taken for
analysis
The exploration team, under the supervision of
Dr. Marc Richer-LaFlèche, Ph.D. Geo of INRS, systematically
prospected, sampled and mapped the main outcrops, located on both
sides of Gilbert River and Giroux Creek, more specifically between
Rang St-Charles and Rang VI roads. The geological mapping and
structural geology work was aimed at documenting and to gain a
better understanding the geochemistry of the area's sedimentary and
volcanic rocks. Special attention was paid to sampling the
different generations of quartz veins in the region. More than 200
samples were collected and will be assayed for gold and other trace
elements of gold mineralization.
Geological mapping to corroborate geophysical
surveys
Since 2017, the company and previously Uragold
Bay Resources, has deployed a multidisciplinary exploration
strategy involving geological studies, with an importance on
structural geology and field prospecting. At the same time,
geophysical surveys (audiomagnetotellurisme, magnetism, gravimetry,
geoelectrical tomography, and TDEM electromagnetism of a new
Russian technology) along with petrophysical studies were carried
out in order to specify; the local geology, to verify the presence
of deep faults and to locate potentially geophysical anomalies
related to gold mineralized zones.
This new data acquired through geological
mapping of rock outcrops and trenching will be used to corroborate
geophysical surveys. This will be essential for the
validation of geological and geophysical models that will be used
to plan future exploration programs and to identify mineralized
zones with the potential to eventually trace the hard rock source
of placer gold.
Robert Gagnon, P. Geo., a qualified person as
defined by NI 43-101, has reviewed and approved the technical
information presented in this release.
Images: Trenching and channel sampling of rock
outcrops - available at the following links:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5b33ac0f-3f0f-4c26-95e5-ca699d823e29https://www.globenewswire.com/NewsRoom/AttachmentNg/c799d9be-e818-45b3-9182-9ba08b698902
About Beauce Gold Fields
Beauce Gold Fields is a gold exploration company
focused on placer to hard rock exploration in the Beauce region of
Southern Quebec. The Company’s flagship property is the
St-Simon-les-Mines Gold project, a unique, historically significant
gold property located in the municipality of Saint-Simon-les-Mines.
Comprising of a block of 152 claims as well as 7 real estate lots,
the project area hosts a six kilometre long historical placer gold
channel of an unconsolidated gold-bearing sedimentary unit
comprised of a lower saprolite and an upper brown diamictite.
Textural observations (angularity) of gold nuggets suggest a
relatively proximal source and therefore a short transport
distance. The gold in saprolite indicates a close proximity to a
bedrock source of gold, providing possible further exploration
discoveries. The property was host to Canada’s first gold
rush before the one in the Yukon Klondike. It hosts some of
the largest historical placer gold mines in Eastern North America
that were active from 1860s to the 1960s (see HPQ SEDAR-filed July
4 2018 43-101 report).
More information can be found on the Company’s
web site: www.beaucegold.com
Disclaimers:
This press release contains certain
forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate",
"continue", "anticipate", "intend", "expect", "in the process" and
other similar expressions which constitute "forward-looking
information" within the meaning of applicable securities laws.
Forward-looking statements reflect the Company's current
expectation and assumptions, and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially from those anticipated. These forward-looking statements
involve risks and uncertainties including, but not limited to, our
expectations regarding mineral exploration. Such statements reflect
the current views of the Company with respect to future events and
are subject to certain risks and uncertainties and other risks
detailed from time-to-time in the Company's on-going filings with
the securities regulatory authorities, which filings can be found
at www.sedar.com. Actual results, events, and performance may
differ materially. Readers are cautioned not to place undue
reliance on these forward-looking statements. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements either as a result of new information,
future events or otherwise, except as required by applicable
securities laws.
Neither the 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.
For further information
contact
Patrick Levasseur, President and CEO Tel: (514)
262-9239 Bernard J. Tourillon, Chairman and COO Tel (514) 907-1011
www.beaucegold.com
Shares outstanding:
20,734,166
Beauce Gold Fields (TSXV:BGF)
Gráfico Histórico do Ativo
De Jul 2024 até Ago 2024
Beauce Gold Fields (TSXV:BGF)
Gráfico Histórico do Ativo
De Ago 2023 até Ago 2024