Business
XAU Resources Inc. Announces Commencement of Field Work on the Noseno Property, Guyana
Toronto, Ontario--(Newsfile Corp. - October 19, 2022) - XAU Resources Inc. (TSXV: GIG) (" XAU ...
About this update from Xau Resources, Inc.
[{"type":"text","content":"XAU Resources Inc. Announces Commencement of Field Work on the Noseno Property, GuyanaToronto, Ontario--(Newsfile Corp. - October 19, 2022) - XAU Resources Inc. (TSXV: GIG) (\"XAU\" or the \"Corporation\"), is pleased to announce that it has mobilized a light camp to the Noseno property and has commenced the initial phases of exploratory field work to consist of stream sediment sampling, prospecting and rock sampling. It is anticipated that these programs will take approximately 6 to 8 weeks to complete. With the receipt of positive results, a campaign of soil sampling will follow, likely commencing in Q1 2023.Planned Field ProgramsAn initial exploration program of stream sediment sampling plus prospecting and rock sampling has been initiated on the Noseno property. Approximately 180 stream sediment sample sites have been planned with sampling to target the fines in and along drainage basins to be analyzed for gold by 24-hour bottle roll (BLEG) plus multi-element ICP-MS in order to identify potential pathfinder elements and other elements of possible economic interest. Sampling density is slightly greater than one sample per square kilometre. A portion of the sample sites will also be evaluated by panning of active stream sediments as a check on and to compare with the BLEG method. Concomitant with and immediately following completion of the stream sediment sampling, efforts will also go towards prospecting plus sampling of located geology of interest with samples to be analyzed for gold by Fire Assay plus multi-element ICP-MS as warranted.It is expected that the initial work programs will take approximately 6 to 8 weeks or so to complete. Field work will be paused during the Holiday period to permit the receipt of all results plus analysis and interpretation, and assuming positive results, the planning of follow up soil sampling programs likely to commence in early Q1 2023.The Noseno PropertyThe Noseno Property is located in north-western Guyana in one of Guyana's most prospective greenstone belts, 210 kilometers west-northwest of Georgetown, the capital of Guyana. It is an early stage greenfields project which, despite its geological potential, is effectively unexplored. The Noseno Property comprises 37 licenses covering 37,623 acres (15,225.5 ha, or 152.26 km²). The Noseno Property is located in the same greenstone terra...