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Aurwest Resources Completes Induced Polarization Survey - Receives New Rock Assays up to 14.2 g/t Gold at Paradise Lake, Newfoundland
Calgary, Alberta--(Newsfile Corp. - November 22, 2021) - Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to provide its shareho
About this update from Aurwest Resources Corp.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - November 22, 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 74 line-km deep penetrating Induced Polarization (IP) survey has been completed over the Paradise Lake gold project. Preliminary IP results identified structurally hosted disseminated sulfide over a 4.5 km strike length. These geophysical anomalies parallel two intrusions emplaced within the Botwood Group sediments. Rock sampling continues to locate significant gold mineralization in the vicinity of Paradise Lake. The most recent sampling has returned assays up to 14.22 g/t Au in quartz breccia, the highest yet from the property. Anomalous gold concentrations in boulders and sub crop occur over an 8-kilometer strike length and exhibit a strong spatial correlation with near surface IP anomalies. Out of 399 rock assays from Paradise Lake, 38 samples range from 100 ppb to 14.22 g/t Au. Drilling targets have been proposed and a phase I program of a minimum of 3,000 meters is being planned in early 2022 to target high-grade gold in rock samples that coincide with IP anomalies and the regional \"Cape Ray Valentine Lake\" shear zone. Colin Christensen, President and CEO of Aurwest, commented, \"Our 2021 program continues to locate significant gold-pyrite mineralization in the vicinity of Paradise Lake with recent results returning up to 14.22 g/t gold. Paradise Lake is located on the CRVL structural trend and our work to date has identified an 8 kms long structural corridor hosting significant gold-pyrite mineralization in the Botwood sediments and late-stage intrusive rocks associated with the CRVL. The recently completed IP survey over this structural corridor has successfully mapped the location and down dip extensions of these structurally controlled leakage halos characterized by gold-pyrite mineralization. Aurwest is planning an initial drilling program to test the depth of the mineralization in these leakage halos in early 2022.\" The Paradise Lake gold project includes 23,600 hectares (804 claims) of contiguous ground situated within the Central Newfoundland Gold belt. Detailed airborne magnetic survey...