Business
Beauce Gold Fields Starts Exploration Work on Newly Identified Targets
MONTREAL, May 22, 2019 (GLOBE NEWSWIRE) -- Beauce Gold Fields (Champs D’Or en Beauce) (BGF) (TSX Venture: ¨BGF¨) is pleased to announce that exploration work on
About this update from Beauce Gold Fields, Inc.
[{"type":"text","content":" MONTREAL, May 22, 2019 (GLOBE NEWSWIRE) -- Beauce Gold Fields (Champs D’Or en Beauce) (BGF) (TSX Venture: ¨BGF¨) is pleased to announce that exploration work on its St-Simon Les Mines property is currently underway to follow-up on the various geophysical anomalies detected during the 2017 – 2018 surveys. Patrick Levasseur, President and CEO of Beauce Gold Fields, said, \"The start of exploration work on our property is an important milestone for our company. In fact, this work will enable us to correlate the many various geophysical anomalies and to identify potentially mineralized zones that could possibly lead to a hard rock source of the gold contained in the placers of St-Simon-les-Mines.\" WORK TO IDENTIFY POTENTIALLY MINERALIZED ZONES PARALLELED TO THE MAJOR FAULT LINE PREVIOUS IDENTIFIED IN ALIGNMENT WITH OLD PLACER GOLD MINES The prospecting, sampling and stripping that will be undertaken is a follow-up to the 2017-2018 audiomagnetotelluric (AMT), gravimetric and magnetometric studies carried out in the St-Simon-les-Mines by Dr. Marc Richer-Laflèche of the National Institute of Research and Development of Science (INRS). Dr. Marc Richer-Laflèche recommended, in his geophysical report, (Frequency and Frequency Magnomagnetic and Electromagnetic Surveys, September 2018), a systematic rock and soil sampling to interpret the geophysical anomalies. Channel sampling of quartz and volcanitc rock out crops discovered north of the proposed geological fault line will be completed. In non-outcrop portions of this area, a soil survey will be conducted to identify potential in situ gold anomalies that may explain the potential source of detrital gold observed and to the establish the mode of implementation of gold in the region. The purpose of this work will be to determine a possible in situ source of gold. Note that parrellel to the proposed major fault line in the Gilbert river valley, several placer gold mines were active from 1860s to 1960s. The 19th and 20th century placer gold mines align with the northern edge of the gravity pit highlighted by a Bouguer anomaly. Nuggets discovered in detrital material of glacial origin triggered the first Canadian gold rush before the Yukon’s Knlondike gold rush. Robert Gagnon, P. Geo., a qualified person as defined by NI 43-101, has reviewed and approved the technical information presented i...