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Beauce Gold Fields: Plans to Drill and Trench IP Anomalies on Rang de Léry, Site of 19th Century Mines and of Historic Large Gold Nuggets
MONTREAL, May 13, 2020 (GLOBE NEWSWIRE) -- Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: ¨BGF¨), (“BGF”), is pleased to announce the company will com
About this update from Beauce Gold Fields, Inc.
[{"type":"text","content":" MONTREAL, May 13, 2020 (GLOBE NEWSWIRE) -- Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: ¨BGF¨), (“BGF”), is pleased to announce the company will commence its spring exploration program in the western section (Rang de Léry) of the BGF property in the town of St-Simon-Les-Mines located in the Beauce region of southern Quebec later this month. The Rang de Léry area holds the confluence of the Gilbert River and the Giroux creek, site of intense 19th & 20th century placer gold mining operations and site of the largest reported gold nuggets in Canada. Patrick Levasseur, President and CEO of Beauce Gold Fields said, \"We are excited to get back to work on the property now that the COVID-19 exploration restriction has been lifted. We plan to test promising IP anomalies by trenching down to possible outcrops and follow-up that with exploratory drill holes.\" Mr. Levasseur further stated: \"It has taken BGF a number of years to piece together this large land package. Now that it is assembled, we have commenced exploration and already have received encouraging results. We can now start to focus on finding the source.” RANG DE LÉRY, GIROUX CREEK AREA During November and December of 2019, the Company completed an outcrop sampling and structural geology program and three additional geoelectric induced polarization (IP) survey lines (BGF press release January 3th 2020) in the western section (Rang de Léry) of the BGF property. The IP results, from lines crossing the Gilbert River, suggest the presence of a structural discontinuity interpreted as south-westerly extension of the major fault that strikes through the property (Fig. 1). Notably, the historical placer gold channel and mining shafts that produced the largest gold nuggets in Canadian mining history (50oz to 71oz) follow the trend of the structure. Induced polarization anomalies (IP-III, IP-IV and IP-V) suggest the presence of disseminated sulphide mineralisation in folded volcaniclastic rocks and massive sandstones located on a 400m long section from 500 to 900 m along Line 2 crossing the Gilbert river (Figures 1 & 2). Figure 1. 2D inversion model of the electrical resistivity and electrical chargeability (induced polarisation) data of Line 2 intersecting the Gilbert river in the sector of the confluence with the Giroux creek. The strong IP anomalies coincid...