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Aurwest Resources Announces Drill Results from Paradise Lake of up to 7.7 g/t Gold, Central Newfoundland
Calgary, Alberta--(Newsfile Corp. - June 13, 2022) - Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to report the analytical r
About this update from Aurwest Resources Corp.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - June 13, 2022) - Aurwest Resources Corporation (CSE: AWR) (\"Aurwest\" or the \"Company\") is pleased to report the analytical results for the remaining eight drill holes (see Table-1 below) from the 11-hole exploration drilling program at the Paradise Lake Project, central Newfoundland. The eleven-hole drilling program was completed to test a 4.5km target consisting of surface mineralization (ranging from 0.05 to 144.7g/t gold) associated with a strong chargeability signature within the Cape Ray Valentine Lake corridor. Highlights include: PL-22-07 intersected 3.57g/t over a core interval of 1.1m including 7.75 g/t Au over 0.5 meters and separate interval of 5.99 g/t Au over a core interval of 0.5m Phase II drill program is underway testing additional priority targets on the west side of Twin Ponds Mr. Colin Christensen stated, \"The Phase I drilling intersected a broad range of low, but significant gold concentrations hosted in altered syenite within the Cape Ray Valentine Lake (\"CRVL\") corridor. The structural setting, host rock and range of gold values are similar to that what would be expected in a lower grade \"Intrusion Related\" style gold mineralization similar to the Valentine Lake gold deposit located to the southwest within the CRVL. Compilation of the Phase I drilling results suggest that the mineralization is hosted in a shallow, westerly dipping mineralized structure. The Phase II program now in progress, is testing this interpretation to determine the lateral and down-dip extensions of these mineralized intervals.\" 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) of gold concentrations in outcrop/subcrop/float hosted in quartz veined/stockwork/breccia exhibiting a quartz-pyrite-arsenopyrite mineral association hosted in altered syenite intrusive along the Cape Ray Valentine Lake corridor (See March 14, 2022, news release). Compilation of the analytical and geotechnical results for the Phase I drilling in conjunction with the geophysical signatures (chargeability/resistivity) is underway to determine the control and if possible the trend of the mineralized system. Exploration Model: The Paradise Lake-Stony Caldera properties are considered to have potential to host \"Orogen...