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Aurwest Resources Announces Drill Results from Paradise Lake of up to 6.20 g/t Gold, Central Newfoundland
Calgary, Alberta--(Newsfile Corp. - May 27, 2022) - Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to report drill results fro
About this update from Aurwest Resources Corp.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - May 27, 2022) - Aurwest Resources Corporation (CSE: AWR) (\"Aurwest\" or the \"Company\") is pleased to report drill results from recent exploration drilling at the Paradise Lake Project, central Newfoundland. These initial results provide analytical assay data results for the first three drill holes (see Table-1 below) completed as part of the eleven-hole drilling program at Paradise Lake within the 4.5km long Cape Ray Valentine Lake corridor. Highlights include: PL-22-01 intersected 2.50 g/t Au over 3.4 meters, including 6.20 g/t Au over 0.9 meters. Phase II commencing to further test priority targets on westside of Twin Ponds Mr. Colin Christensen stated, \"Our Paradise Lake gold property represents an exciting early-stage gold exploration project. Results to date on our first diamond drilling program on the project has so far intersected a broad range of significant gold concentrations in the syenite intrusion associated with the Cape Ray-Valentine Lake structure. Based on the early results of drilling so far, the exploration model that appears to be evolving is similar to that of the Valentine Lake gold deposit, which suggests the potential for a large tonnage lower grade deposit. The drilling so far has exhibited lower grade \"Intrusion Related\" gold mineralization with concentrations that are in line with this style of mineralization. Based on the 2021 surface sampling results we are confident that there is also the potential for high-grade gold in this area as indicated by our surface sampling. Despite delays in receiving all the analytical results from the Phase I drill program, Aurwest will continue with a modified Phase II drilling program testing the interpreted extensions of the Phase I results received to date.\" The Phase I diamond drilling program consisted of 11 holes (PL-22-01 through PL-22-11) totaling 2,746m to test a broad range (0.05g/t to 144.7g/t gold) gold concentrations in outcrop/subcrop/float hosted in quartz veined/stockwork/breccia exhibiting a quartz-pyrite-arsenopyrite mineral association exposed in a syenite intrusive along the Cape Ray Valentine Lake structure (See March 14, 2022, news release). Highlights: Hole PL-22-01 returned a 3.4m interval averaging 2.50 g/t gold over a core interval from 80-83.4m, including 0.9m of 6.20 g/t gold. Additional sampling o...