Business
Aurwest Resources Initiates Till Sampling Program at Stony Caldera, Central Newfoundland
Calgary, Alberta--(Newsfile Corp. - October 18, 2021) - Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to provide shareholders
About this update from Aurwest Resources Corp.
[{"type":"text","content":" Calgary, Alberta--(Newsfile Corp. - October 18, 2021) - Aurwest Resources Corporation (CSE: AWR) (\"Aurwest\" or the \"Company\") is pleased to provide shareholders with an update on its 2021 exploration program on the Stony Caldera gold project comprising 968 claims (24,200 hectares) of contiguous ground covering approximately a 20km long portion of the interpreted Cape Ray Valentine Lake (\"CVRL\") structural zone located in the Central Newfoundland Gold Belt. Stony Caldera Highlights: A property wide, systematic glacial till sampling program consisting of approximately 1,900 sample sites has commenced. The analytical results from this survey are expected in early 2022 and anomalous gold concentration would define targets for follow up exploration work. Prospecting has identified anomalous gold in rock samples along a 20-kilometer east-northeast trend. Out of 146 samples collected, four samples returned gold values from 236 to 6,412 ppb gold (6.41 g/t Au). Colin Christensen, President and CEO of Aurwest commented, \"Our 2021 program is focused on confirming the historical exploration results and completing a phase 1 property wide assessment consisting of mapping, prospecting and geochemical sampling to identify areas of anomalous gold and or associated gold pathfinder elements. The initial phase of the mapping and prospecting program is concentrating along the interpreted location of the underlying CRVL, and exploration model has located areas of coincident alteration and gold mineralization; \"leakage halos\" an indicator of hydrothermal activity and the potential for higher-grade gold mineralization at depth associated with interpreted basement structures underlying the Botwood sediments and Stony Lake volcanics.\" Exploration Model: Aurwest's gold projects cover an approximate 45km long portion of the interpreted Cape-Ray-Valentine Lake structural zone; the host to gold deposits including Valentine Lake, Cape Ray and Moosehead. During orogenic events in Newfoundland, these primary and secondary structures were re-activated allowing hydrothermal activity to emanate upward from deep seated faults in the basement rocks to form \"leakage halos\" within the overlying rocks including the Botwood Group sediments and Stony Lake volcanics evidenced by areas exhibiting various styles of quartz veining with associated sulfides (pyrit...