Business
Aurwest Resources Applies for Diamond Drilling Permit at the Paradise Lake Gold Project, Central Newfoundland
Calgary, Alberta--(Newsfile Corp. - December 6, 2021) - Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to provide its sharehol
About this update from Aurwest Resources Corp.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - December 6, 2021) - Aurwest Resources Corporation (CSE: AWR) (\"Aurwest\" or the \"Company\") is pleased to provide its shareholders with an update on its proposed drilling program at its Paradise Lake gold project located in the Central Newfoundland Gold Belt. Highlights: a) A two-phase 10,000m diamond drilling program has been submitted to government agencies for approval. b) Phase 1 consists of 3,000m in 13 holes and is set to begin in late January 2022 contingent on receipt of the required permits. c) The Phase 2 program is expected to commence in the spring of 2022 once assays from the Phase I program have been received. d) The main drilling target is a 1.3 km long trend of high-grade gold (up to 14.22 g/t Au) in angular pyritic boulders of quartz breccia. e) The 1.3 km trend exhibits a strong spatial association with a series of linear granodiorite-syenite bodies within a complex structural zone marking a volcanic/sedimentary contact that extends over 4.5 km strike length. f) The recently completed 74 line-km IP survey has successfully delineated the near surface hydrothermal sulfide mineralization/alteration corresponding with high-grade gold in rocks samples. g) An interpreted splay off the Cape Ray Valentine Lake structural zone passes through the Paradise Lake area and exhibits a strong spatial correlation to the gold mineralization located in 2021. Colin Christensen, President and CEO of Aurwest, commented, \"We have concluded our 2021 exploration program at Paradise Lake with several high priority drilling targets being identified. This area has no historical drilling and is situated along the Cape Ray Valentine Lake structure with up to 14.22 g/t gold at surface. The IP results have detected the gold-pyrite mineralization associated with several leakage zones and successfully mapped these targets at depth. The correlation of the geophysical results, structural relationships and gold-pyrite association displayed by these near surface gold targets, could lead to a new gold discovery at Paradise Lake. Our systematic exploration strategy in 2021 has been very successful in delineating this newly recognized gold-bearing structure.\" The Paradise Lake Project The Paradise Lake gold project includes 23,600 hectares (804 claims) of contiguous ground situated within the Central Newfoundla...