Business
Aurwest Resources Updates Exploration Program at Paradise Lake, Central Newfoundland -Prospecting Confirms Assay up to 11.3 g/t Au
Calgary, Alberta--(Newsfile Corp. - September 9, 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. - September 9, 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. Highlights: Rock sampling has returned 34 samples with gold values ranging from 51 to 11,381 ppb gold (11.38 g/t Au), the highest rock assay yet recorded on the property. Glacial till sampling (1,147 samples) has identified 52 samples with greater than 10 parts per billion (\"ppb\") Au, five of which returned between 51.1 to 1,114 ppb (1.11gpt Au) gold. Prospecting and mapping have confirmed that the gold mineralization is related to quartz veined sulfide bearing (pyrite-arsenopyrite) sandstone and intrusive related hydrothermal breccia. Quartz veining is most intense near interpreted linear faults and intrusive contacts. A glacial till sampling program has been approved by the Department of Industry, Energy & Technology Mineral Lands Division for the Stony Caldera project. An application to the same government department to conduct a deep penetrating Induced Polarization survey is in progress. Once approved this survey will start immediately to assist in identifying drill targets for the Paradise Lake Area. Colin Christensen, President and CEO of Aurwest, commented, \"We are in the middle of the 2021 program at Paradise Lake and our exploration team continues to uncover positive indications that the property contains significant concentrations of gold. The most recent results show the potential for high-grade gold mineralization in structurally controlled quartz veins as well as intrusive hosted gold mineralization, both related to the Cape Ray-Valentine Lake structure underlying the property.\" Exploration Model: The model has been developed to explore for structurally controlled, Orogenic and Intrusive styles of gold mineralization along the Cape-Ray-Valentine Lake (\"CRVL\") trend, and related secondary structures covered by sediments of the Botwood Group. Later re-activation of these structures created \"leakage halos\" related to hydrothermal activity whereby gold bearing hydrothermal fluids emanated upward from the basement rocks forming areas of quartz veins and veinlets with associated sulfides (pyrite + arsenopyrite)...