Business
AFR Provides Update on Exploration in New Brunswick
(TheNewswire) TORONTO, Ontario – TheNewswire - July 1 9 , 2022 - A...
About this update from Absolutely Critical Resources Corp.
[{"type":"text","content":"AFR Provides Update on Exploration in New Brunswick\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n TORONTO, Ontario – TheNewswire - July 1\n \n \n 9\n \n \n , 2022 -\n \n \n AFR NuVenture Resources Inc. (the\n\"Company\") [TSXV:AFR]\n \n \n is pleased to\nprovide a preliminary update on the ongoing diamond drilling program\non its Utopia (Dam Lake) gold property in southwestern New Brunswick\n(see press release Feb.2, 2022).\n \n \n \n \n A program of approximately 600 meters over several\nholes is testing a gold in overburden anomaly, which is defined over a\n1 km strike length in an area previously surveyed by 34 overburden\ndrill holes. The assay results from the previous overburden holes had\nvalues ranging up to 1.8 and 5.5 g/t in basal till.\n \n \n The significance of these results is that gold in till and\nsoil have largely guided the discovery of gold and the exploration\nsuccess of neighboring Galway Metals Inc. (TSXV: GWM, OTCQB:\nGAYMF).\n \n \n The subject area is a mirror image\ngeologically to the setting at Clarence Stream where Galway Metals is\nconducting a major program of diamond drilling. The current updated\nresource by Galway Metals is now stated at more than 2 million ounces\ngold.\n \n \n \n \n There is little to no bedrock exposed at surface in the\narea of the drilling. The holes are being targeted on interpreted\nlithologies and structures known from regional geological mapping and\nhistoric airborne geophysics. There is no record of previous core\ndrilling for the site.\n \n \n \n \n A number of sections from three current holes are being\nlogged and prepared for sampling. Analytical results are expected\nlater in August.\n \n \n \n \n Initial exploration plans also include drill testing\nthe Mactaquac property where placer gold was discovered in a stream in\n2017. Noranda reported up to 405 ppb gold in soils near the Mactaquac\nlocation and subsequent MMI and standard soil survey results show the\npresence of anomalous gold.\n \n \n \n \n The Company wishes to acknowledge and thank the\ngovernment of New Brunswick for their assistance with these\nexploration programs. They have awarded the Company and its joint\nventure partner grants totaling $35,000 under the New Brunswick Junior\nMining Assistance Program.\n \n \n \n \n On behalf of the Board of Directors,\n \n \n \n \n  ...