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Aurwest Resources Announces Drill Core Confirms Visible Gold at the Paradise Lake Gold Project, Central Newfoundland
Calgary, Alberta--(Newsfile Corp. - April 5, 2022) - Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to provide an update of th
About this update from Aurwest Resources Corp.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - April 5, 2022) - Aurwest Resources Corporation (CSE: AWR) (\"Aurwest\" or the \"Company\") is pleased to provide an update of the ongoing drilling program at the Paradise Lake Gold Project, located approximately 20 kms southwest of Grand Falls, in the central Newfoundland gold belt. Drill holes PL-22-01 to PL-22-04; intersected multiple intervals exhibiting quartz-pyrite-arsenopyrite mineralization over an 800m strike length and tested the down dip extension of gold mineralization in float/subcrop/outcrop that ranged from 11.2g/t to 144.7 g/t gold. (see March 14, 2022 news release), Highlights: The six drill holes (Pl-05-2022 to PL-10-2022) reported in this news release are step out drill holes to test the strike extension of the quartz-pyrite-arsenopyrite mineralized intervals intersected in the first four drill holes. The drilling completed to date has tested approximately a 2,800m strike length of the interpreted Cape Ray-Valentine Lake Structural Zone, Two grains of visible gold are associated with the quartz-pyrite-arsenopyrite mineral association hosted in a dark gray quartz vein in drill hole Pl-07-2022 at a depth of 16.7m. All 10 drill holes (totaling 2.423m) intersected multiple intervals of quartz veining, quartz veinlets and quartz breccia of variable thickness with combined pyrite+/- arsenopyrite concentrations ranging from trace to 10%. Preliminary observations suggest a crude mineralogical zoning with arsenopyrite occurring in five of the 10 drill holes, suggesting a higher temperature environment, possibly proximity to the hydrothermal center. In addition to the quartz-pyrite-arsenopyrite association, trace concentrations of chalcopyrite-galena-sphalerite hosted in quartz veins and quartz breccia have been observed in two drill holes. Mr. Colin Christensen stated, \"The drilling continues to intersect multiple intervals of varying thickness exhibiting the quartz-pyrite-arsenopyrite association hosted in altered syenite over a considerable strike length. This mineral association, surface gold showings, crude mineral zonation, extensive alteration of the syenite intrusive and the occurrence of visible gold in drill hole PL-07-2022 are very encouraging. Assay results for the first batch of core samples are expected in the middle of April. Several priority drill targets remain...