Business
Au Gold Corp Provides Ponderosa Update and Displays Core and AME RoundUp Conference
(TheNewswire) Vancouver, British Columbia – TheNewswire - January 22, 2024 &...
About this update from Au Gold Corp
[{"type":"text","content":"Au Gold Corp Provides Ponderosa Update and Displays Core and AME RoundUp Conference\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia\n–\n \n \n TheNewswire -\n \n \n January\n22, 2024 –\n \n \n Au Gold Corp\n \n \n (TSXV:AUGC) (“\n \n \n AUGC\n \n \n ” or the\n“\n \n \n Company\n \n \n ”)\n \n \n is pleased to provide an update on\nits Ponderosa Gold Project, located near Merritt, BC.\n \n \n \n \n Highlights:\n \n \n \n \n \n \n 223 soils samples collected completing gaps in the grid\nas recommended by industry expert Dr. Jeffery Hedenquist (\n \n \n \n \n https://augoldcorp.com/wp-content/uploads/2024/01/Hedenquist_Report.pdf\n \n \n \n \n \n \n \n \n New zones of gold anomalism coincident with Ponderosa\nStructural Corridor\n \n \n \n \n \n \n 2 km trend of moderately -to- strongly anomalous gold\ngeochemistry\n \n \n \n \n \n \n Company to display 2022 drill core at AME Roundup\nConference (Vancouver), January 24 25\n \n \n \n \n \n \n 2023 Field Work\n \n \n \n \n During 2023, infill soil samples (223) were collected\nfrom the central part of the Ponderosa property to fill in gaps\nbetween areas of previously defined anomalous gold and arsenic\nresponse.  This sampling returned anomalous gold values, mostly\nwithin the structural boundaries of the newly interpreted Ponderosa\nStructural Corridor, with samples ranging in value from below\ndetection to 390 ppb gold.\n \n \n \n \n Despite favourable results from the recent soil\nsampling program and the newly interpreted structural model, the\nCompany delayed plans to carry out further drilling at Ponderosa in\n2023 due to the difficult market conditions.  It instead elected to\nadopt a cash conservation strategy.  The Company does however plan to\ncontinue drill exploration when market conditions improve.\n \n \n \n \n Ponderosa Structural Corridor\n \n \n \n \n Completion of infill soil sampling in the central part\nof the property provided the final information defining the trace of\nthe Ponderosa Structural Corridor (PSC).  The corridor consists of a\nseries of sinistrally offset en-echelon structural segments that trend\ndue north through the central part of the property.  The PSC can be\ntraced for approximately 2 km and features continuous and scattered\nelevated gold and ar...