Beauce Gold Fields: Visible Gold Extracted From Volcanic Rock Samples Associated With the Major Geological Fault
03 Fevereiro 2020 - 9:58AM
Beauce Gold Fields (Champs D’Or en Beauce) (BGF) (TSX
Venture: ¨BGF¨) is pleased to announce that a 2 kg
sub-sample from a 146.6 kg bulk sample taken from Poulin trench
10008 contained 0.55 mg (0.275 g/t) of visible gold particles. The
particles were extracted from volcaniclastic rocks that were
heavily injected with rusty quartz veins. In addition, the
excavation of trench 10008 exposed the main geological fault line
that runs along the historical placer gold channel on the Company’s
St-Simon-Les-Mines property.
https://www.globenewswire.com/NewsRoom/AttachmentNg/57de4785-cd7e-4720-9d4b-2280cea1e2b8Image
1: Binocular microscope image of the gold particle number 1 from
Poulin trench - 10008 (photo INRS)
Patrick Levasseur, president and CEO of Beauce
Gold Fields said, "This is the first evidence associating bedrock
gold with the main geological fault line." Mr Levasseur further
stated: "This gives weight to the theory that the fault zone could
be the host of an ancient hydrothermal gold system responsible for
the concentration of gold in the rock. The presence of this gold
system could explain, among other things, the gold placers found in
the basal till and the underlying saprolite along the historic
Saint-Simon-les-Mines placer gold channel."
Poulin Trenches: Under the supervision of Dr.
Marc Richer-LaFlèche, Ph.D. Géo from INRS, 14 trenches were dug and
the exposed bedrock was cleaned with jets of water to remove the
overburden. Nine of the trenches were channel sampled. Four of the
trenches, 10008, 10009, 10015 and 10016 showed the presence of
volcaniclastic bedrock extremely altered by the injection of
rusty quartz veins and were therefore channelled and bulk sampled.
These trenches were subject to high resolution photogrammetric
imagery and detailed geological and structural mapping. The veined
area is 2.5 to 3m thick and has been observed in trenches 10008,
10009 and 10016. Trenches 10008 and 10009 have shown the presence
of faulted contact between volcaniclastic rocks (north) and
sedimentary rocks (south). The structural discontinuity corresponds
to a brittle (fragile) type fault associated with a non-cohesive
cataclasite (gouged zone) rich in small fragments of quartz. This
laminated 35 cm thick structure dips to the south and follows a
NE-SW direction. The observation of this structure in the trenches
seems to confirm the presence of a major fault detected for the
first time by geophysical surveys audiomagnetotelluriques (AMT)
(BGF press releases of April 30 and October 3, 2019, and HPQ press
release of May 11, 2017). For purpose of restoring the sampling
sites, the trenches were then buried and the surfaces smoothed to
allow natural reforestation.
Dany Boilard Explorations bulk sampled 275.70 kg
of rock from trenches 10008 and 10009 and did the preparation of
laboratory samples. The samples were crushed and sieved to a
particle size of -20 mesh. 32 samples were sent to the Activation
Labs laboratory (Ancaster, Ontario) for analysis. The gold
particles, recovered from a 2 Kg subsample, were sent to INRS to be
weighed and analyzed using a Zeiss EVO® 50 smart SEM (SEM) scanning
electron microscope coupled to an elementary microanalysis system
by X-ray energy dispersion spectrometry (EDS).
Highlights include
- Trench 10008: 145.60 kg of loose rock samples. 3 visible gold
particles with a total weight of 0.55mg (0.275 g/t). Slight gold
anomaly of 18 to 27 ppb on 16 samples with an average of 21.50 ppb,
including gold particles 563 ppb. Exposed geological fault.
- Trench 10009: 130.10 kg of bulk sampled rocks. No visible gold.
Slight gold anomaly of 13 to 32 ppb on 16 samples with an average
of 22 ppb. Exposed geological fault.
- Trench 10016: discovery of a 19th century placer gold mining
shaft. Bulk sampling. Material to be analyzed.
- Trench 10015: Bulk and channel sampled. Material to be
analyzed.
- Channel samples from all other trenches returned no gold
values.
The recovery of more bulk samples will be necessary given the
nugget effect observed in the samples. A large gold nugget can
strongly bias the gold content of a sample from which it comes
from. Under these conditions, a larger volume of samples is
necessary to obtain a better representation of the gold
content.
https://www.globenewswire.com/NewsRoom/AttachmentNg/3466cbe9-2e27-4def-9bfe-79db059f28a4Image
2: Zone of fault and quartz veins exposed on the wall of trench
10008. West view. The approximate positions of south and north are
shown at the bottom of the photo.
Marc Richer-LaFlèche, Ph.D. Geo., a qualified
person as defined by NI 43-101, has reviewed and approved the
technical information presented in this release.
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 unconsolidated
gold-bearing sedimentary unit (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).
Beauce Gold Fields website
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:
20,974,166
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