(TheNewswire)
July 17, 2024, Montreal, Quebec,Canada – TheNewswire – Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture:"BGF"), referred to as "BGF"or the "Company," is pleased toannounce it has commenced a geophysics , mapping and sampling program inpreparation for follow-up drilling of the Grondin antifom structure on the Company's BeauceGold property, located in the Beauce region of southern Quebec.
Patrick Levasseur, President and CEO of Beauce GoldFields, states, "Starting this geophysics,mapping, and sampling program marks a significant step forward in ourexploration efforts at the Grondin antiform structure. Ourexploration data indicates that the origins of the historical placergold deposit are mineralized antiform structures such as the Grondinantiform. This will not only guide our upcoming drilling targets butalso enhance our ability to unlock the full potential of the BeauceGold property."
Image: Geophysics technician surveying the GrondinZone
The Company has commenced phase one of an InducedPolarization (IP) geophysics survey to identify the Grondin antiformstructure along its southwest to northeast strike over a distance of8km. This survey was conducted by completing a grid of eight 1kmlines, spaced approximately 1km apart. The Grondin gold mineralizedoutcrop and antiform structure (Saddle Reef) were identified throughdrilling in 2023 (refer to BGF press releases dated 2023-11-01,2024-01-18, and 2024-03-20). Additionally, the Company completed afield mapping survey to identify features from historical geologicalstudies. The IP grid was laid out based on the information from thisfield mapping survey, corresponding to an antiform axis first mappedby geologist Pierre Cousineau in 1988 (Report MM 87-02).
IP sections showing anomalies will be followed bygeochemical soil sampling. The Company’s previous soil resultscorrelated well with the lithology of the Grondin Zone mineralizedstructure (refer to BGF press release 2024-04-25). Geochemical soilsampling results have identified a suite of anomalous elementscorresponding with the mineralized gold zones of the Grondin antiformoutcrop.
Phase two, planned for August, involves a tighter gridof 10 lines, each 100 meters apart, covering the Grondin Zone. Thiswill facilitate the creation of a 3D model to determine the dip anddirection of mineralized stockworks in the felsic lapilli tuff withinthe antiform structure.
The combined IP data, geochemical results, andstructural data will guide the selection of drill hole targets for afollow-up drill program. This information will enable the Company tofile the compulsory "Autorisation pour travaux à impact"(ATI) with the Quebec Ministry of Natural Resources for drillingauthorization.
Jean Bernard, B,Sc. Geo., is a qualified person,as defined by NI 43-101, who has reviewed and approved the technicalinformation presented in this release.
About Beauce Gold Fields
Beauce Gold Fields is focused on exploring anddeveloping the largest placer gold district in eastern North America.The Company’s objective is the trace old placer gold workings backto a bedrock source to uncover economic lode gold deposits. TheCompany’s flagship property is the St-Simon-les-Mines Gold project,site of Canada’s first gold rush that pre-dates the YukonKlondike. The Beauce region hosted some of the largest historicalplacer gold mines in Eastern North America that were active from 1860sto the 1960s It produced some of the largest gold nuggets in Canadianmining history (50oz to 71oz). (Source Sedar: 43-101 Report - BeauceJuly 4 th 2018, , Author B. Violette)
Beauce Gold Fields is currentlyexploring recently discovered antiform systems that could havecontributed to the development of the extensive auriferous placers inBeauce. The Company’s geological modelsuggests that placer gold within the Beauce Goldpaleochannel, including the renowned large nuggets from the 19thcentury, formed in stressed quartz pockets within layered domed Axisof Antiforms, exemplified by Saddle Reef formations. Notable globalSaddle Reef formations include the Bendigo gold fields in Australia(over 60 million ounces) and the high-grade Dufferin deposit in NovaScotia.
Beauce Gold Fields website www.beaucegold.com
Disclaimers:
This press release contains certainforward-looking statements, including, without limitation, statementscontaining the words "may", "plan","will", "estimate", "continue","anticipate", "intend", "expect","in the process" and other similar expressions whichconstitute "forward-looking information" within the meaningof applicable securities laws. Forward-looking statements reflect theCompany's current expectation and assumptions, and are subject to anumber of risks and uncertainties that could cause actual results todiffer materially from those anticipated. These forward-lookingstatements involve risks and uncertainties including, but not limitedto, our expectations regarding mineral exploration. Such statementsreflect the current views of the Company with respect to future eventsand are subject to certain risks and uncertainties and other risksdetailed from time-to-time in the Company's on-going filings with thesecurities regulatory authorities, which filings can be found atwww.sedar.com. Actual results, events, and performance may differmaterially. Readers are cautioned not to place undue reliance on theseforward-looking statements. The Company undertakes no obligation topublicly update or revise any forward-looking statements either as aresult of new information, future events or otherwise, except asrequired by applicable securities laws.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
For further informationcontact
Patrick Levasseur, President and CEO Tel: (514)262-9239
www.beaucegold.com
Copyright (c) 2024 TheNewswire - All rights reserved.