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Beauce Gold Fields: Comparative Analysis Indicates Eroded Fault Line as Source of Historical Placer Gold Channel
MONTREAL, March 02, 2020 (GLOBE NEWSWIRE) -- Beauce Gold Fields (Champs D’Or en Beauce) (BGF) (TSX Venture: ¨BGF¨) is pleased to announce that a comparative ana
About this update from Beauce Gold Fields, Inc.
[{"type":"text","content":" MONTREAL, March 02, 2020 (GLOBE NEWSWIRE) -- Beauce Gold Fields (Champs D’Or en Beauce) (BGF) (TSX Venture: ¨BGF¨) is pleased to announce that a comparative analysis of both gold particles and of bedrock geochemistry samples taken from the exposed geological Fault Line at Poulin Trench 10008 (press release February 3rd 2020) link the proposed Fault Line to the historical placer gold channel found on the Company’s St-Simon-Les-Mines property. Geochemistry analysis show a strong correlation of pathfinder elements: arsenic, tungsten and antimony. Moreover, SEM analyses indicate similar silver content in bedrock gold particles to the placer channel gold nuggets. Patrick Levasseur, president and CEO of Beauce Gold Fields said, \"The match in pathfinders elements as well as a match in silver to gold content, is the strongest evidence yet associating bedrock gold at the geological fault line to the historical placer channel.\" Mr. Levasseur further stated: \"This gives full weight to the theory that the fault zone could be the host of an ancient hydrothermal gold system responsible for the concentration of gold in the rock. The presence of this gold system could explain, among other things, the gold placers found in the basal till and the underlying saprolite along the historic Saint-Simon-les-Mines placer gold channel. We believe that focusing on this system could lead to new gold discoveries\" Silver Content Of Bedrock Gold Particles Similar To Placer Channel Gold Nuggets In Company’s February 3rd 2020 press release, it was reported that samples taken from Poulin trench 10008 contained three visible gold particles totaling 0.55 mg (0.275 g/t). The particles were extracted from volcaniclastic rocks that were heavily injected with rusty quartz veins. The excavation of trench 10008 also exposed the main geological Fault Line that runs along strike the historical placer gold channel on the Company’s St-Simon-Les-Mines property. In March of 2011, the Company’s former parent company, HPQ Silicon Resources (formerly known as Uragold), completed a Sonic Drill program into the historical placer gold channel. Eighteen (18) coarse gold grains and nuggets were extracted from cores of auriferous basal till and saprolite. (Source: Beauce Gold Fields’ compliant NI-43-101 Technical Report July 4th 2018) Under the supervision of Dr. Marc Richer-LaFl...