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Aurwest Resources Commences a 67 Line KM IP Survey and Updates Exploration Activities at Paradise Lake Gold Project, Central Newfoundland
Calgary, Alberta--(Newsfile Corp. - October 7, 2021) - Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to provide its sharehold
About this update from Aurwest Resources Corp.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - October 7, 2021) - Aurwest Resources Corporation (CSE: AWR) (\"Aurwest\" or the \"Company\") is pleased to provide its shareholders with an update on its 2021 exploration program on its Paradise Lake gold project located in the Central Newfoundland Gold Belt. Paradise Lake, Highlights: a deep penetrating Induced Polarization survey has commenced at the Paradise Lake Project. A total of 67-line kilometers are planned over a strike length of 8km. The survey is designed to locate at depth, the source of a number of areas of coincident gold-pyrite-arsenopyrite mineralization and associated hydrothermal alteration in sub-crop and locally derived float. out of 273 rock samples from Paradise Lake, thirty-one returned gold values ranging from 100 to 11,381 ppb gold (11.38 g/t Au), the highest rock assay yet recorded on the property. Further assays from these prospective areas are pending and prospecting is ongoing. the Phase 1 exploration program continues to make new discoveries while expanding the area of gold mineralization in the area around Paradise Lake. Colin Christensen, President and CEO of Aurwest, commented, \"Our 2021 program has been successful in locating a number of areas of coincident alteration and gold mineralization in the Botwood sediments. Our exploration model is based on locating \"leakage halos\" in the Botwood sediments that indicate the potential for higher-grade gold mineralization at depth in the underlying volcanics. The gold-pyrite association provides the opportunity to use deep penetrating geophysical surveys to map the potential source of these leakage halos at depth. We are moving forward with our 2021 exploration program and confident that this work will lead us to a drill ready stage at Paradise Lake. The results to date indicate the potential for high-grade gold mineralization given our proximity to the Cape Ray-Valentine Lake structural zone.\" Exploration Model: The Paradise Lake Project is situated on the 450 km long, Cape-Ray-Valentine Lake (\"CRVL\") structural zone that is host to gold deposits including Valentine Lake, Cape Ray, Moosehead and Queensway. During orogenic events in Newfoundland, these primary and secondary structures were re-activated allowing hydrothermal fluids to emanate upward from deep seated faults in the basement rocks to form \"le...