(TheNewswire)
April 25, 2024, Montreal, Quebec,Canada – TheNewswire – Beauce Gold Fields (ChampsD’Or en Beauce) (TSX Venture:"BGF"), also known as "BGF" or the"Company," is delighted to announce that geochemical soilsampling results have identified a suite of anomalous elementscorresponding with the mineralized gold zones of the Grondin antiformoutcrop on the Company's Beauce Gold property located in Beauceville,Quebec. This demonstrates that soil sampling, along with geophysics,will be an invaluable tool to delineate antiform structures fordrilling targets.
Patrick Levasseur, President and CEO of Beauce GoldFields, states, "This evidence suggests that soil sampling is acost-effective exploration method for tracing the mineralizedstructures identified as the source of the historic placer golddeposits. We continue to pursue potential mineralized structures,which show great promise for further lode golddiscoveries."
Image 1: Grondin Gold Zone Geochem Soil Anomaly, Inset:Bulked Sampled Gold Grains
Soil Geochemistry on the Grondin GoldZone
In the fall of 2023, a total of 88 soil samples werecollected from six parallel grid lines spaced 100 meters apart. Outof the 36 chemical elements that were analyzed by pyroanalysis, 16have been selected for their relevance in characterizing the Grondingold-bearing zone. These elements are: Ag, As, Ba, Be, Cd, Co, Cu, Fe,La, Ni, Pb, S, Sb, Sr, V, and Zn. Predominantly, these are theelements that have shown anomalies in either the 35 lithogeochemicaldrill samples (as per the Drill Hole RG 23-01 press release on January18, table 1) or within the 88 soil samples themselves.
Table 1: Anomalous elements directly associated withthe highest gold grades in RG 23-01
Au | Ag | As | Ba | Ce | Sb | La | Zn | W | Zr | |
Sample | 0,01ppm | 0,01ppm | 0,2ppm | 10ppm | 0,02ppm | 0,5ppm | 0,5ppm | 2ppm | 0,1ppm | 0,5ppm |
CO247001 | 0 | 0,03 | 48.9 | 652 | 9.98 | <0.5 | 4.7 | 71 | 33 | 27.0 |
CO247002 | 1,2 | 0,2 | 249.1 | 1678 | 44.62 | 0.8 | 21.0 | 125 | 64 | 117.1 |
CO247003 | 1 | 0,42 | 356.7 | 3082 | 78.00 | 1.4 | 34.7 | 60 | 73 | 239.0 |
CO247004 | 1,5 | 0,36 | 468.0 | 3955 | 159.72 | 1.5 | 89.1 | 51 | 102 | 252.0 |
CO247005 | 2,4 | 0,44 | 752 | 3684 | 82.76 | 1.3 | 42.7 | 51 | 101 | 228.7 |
CO247006 | 2,6 | 0,57 | 2752 | 2106 | 51.99 | 2.3 | 26.1 | 52 | 69 | 135.0 |
CO247007 | 1,5 | 0,35 | 1546 | 2263 | 50.95 | 1.2 | 25.2 | 50 | 72 | 149.1 |
CO247008 | 0,16 | 0,09 | 228 | 440 | 13.72 | <0.5 | 6.6 | 38 | 20 | 31.7 |
CO247009 | 0,2 | 0,1 | 168 | 521 | 9.69 | <0.5 | 4.8 | 14 | 19 | 26.1 |
CO247010 | 0,027 | 0,08 | 24 | 154 | 5.55 | <0.5 | 2.8 | 6 | 6 | 9.6 |
CO247011 | 0,03 | 0,1 | 8,3 | 61 | 4.00 | <0.5 | 1.9 | 3 | 2 | 3.5 |
CO247012 | 0,017 | NR | 9,4 | 105 | 2.64 | <0.5 | 1.2 | 5 | 5 | 7.2 |
CO247013 | 0,05 | 0,07 | 42,5 | 406 | 6.65 | <0.5 | 3.3 | 13 | 19 | 23.5 |
CO247014 | 0,05 | 0,07 | 34 | 116 | 2.33 | <0.5 | 1.1 | 7 | 5 | 7.5 |
CO247015 | 2,4 | 0,76 | 638,3 | 1214 | 42.15 | 2.0 | 21.9 | 100 | 76 | 63.6 |
CO247016 | 3 | 0,79 | 706,9 | 2274 | 78.82 | 3.2 | 40.1 | 36 | 113 | 141.7 |
CO247017 | 2,9 | 0,66 | 974,6 | 2462 | 74.61 | 3.9 | 37.3 | 99 | 140 | 111.2 |
CO247018 | 6,3 | 1,63 | 1696,2 | 2756 | 184.54 | 5.0 | 100.3 | 177 | 172 | 132.0 |
CO247019 | 11,4 | 1,77 | 350,8 | 4463 | 259.45 | 2.5 | 146.2 | 43 | 225 | 210.0 |
CO247020 | 0,37 | 0,2 | 304,5 | 1540 | 43.46 | 1.6 | 22.6 | 131 | 87 | 67.0 |
CO247021 | 0,07 | 0,06 | 19 | 378 | 8.13 | 0.5 | 3.9 | 31 | 13 | 20.8 |
CO247022 | 0,01 | 0,03 | 14,2 | 155 | 2.85 | <0.5 | 1.4 | 4 | 9 | 5.9 |
CO247023 | 0,09 | 0,05 | 268 | 1548 | 31.58 | 1.0 | 15.2 | 61 | 76 | 75.9 |
CO247024 | 1,5 | 0,21 | 410 | 473 | 43.46 | 0.01 | 12.1 | 46 | 30 | 40.1 |
CO247025 | Blank | 0,07 | 15,5 | 1208 | 8.13 | 1.09 | 38.4 | 87 | 122 | 111.9 |
CO247026 | Standard | NR | NR | NR | NR | NR | NR | NR | NR | NR |
CO247027 | 1,3 | 0,69 | 1240 | 2931 | 31.58 | 0.07 | 19.9 | 286 | 51 | 63.4 |
CO247028 | 0,947 | 0,18 | 232 | 117 | 24.00 | <0.01 | 2.9 | 28 | 6 | 8.2 |
CO247029 | 1,7 | 0,85 | 340,8 | 865 | 75.00 | 0.04 | 17.7 | 123 | 45 | 45.6 |
CO247030 | 1 | 0,51 | 242,2 | 338 | NR | <0.01 | 6.8 | 75 | 8 | 11.1 |
CO247031 | 0,02 | 0,05 | 22,4 | 36 | 38.65 | <0.01 | 1.2 | 5 | 2 | 2.2 |
CO247032 | 0,015 | 0,05 | 3,4 | 17 | 5.47 | <0.01 | <0.5 | 2 | <1 | <0.5 |
CO247033 | 0,033 | 0,05 | 2,7 | 17 | 0.60 | <0.01 | <0.5 | 2 | <1 | 0.7 |
CO247034 | 0,048 | 0,23 | 6,9 | 31 | 0.68 | <0.01 | <0.5 | 2 | <1 | 1.2 |
CO247035 | 0,166 | 0,1 | 21,4 | 40 | 3.15 | <0.01 | 1.7 | 3 | 2 | 2.3 |
A map (refer to Image 1) that displays the distributionof geochemical anomalies at a 1:500 scale is derived from the soilgeochemistry survey and highlights four significant soil anomalies.The thresholds for defining an anomaly for each element were set toaccentuate the highest concentrations observed in this survey. In somecases, these anomaly thresholds may exceed the detection limit by over100 times (as detailed in Table 2).
Barium stands out as the element most frequentlyassociated with the geochemical anomalies, with concentrationsreaching up to 130 times above the detection limit. The sections ofthe gold-mineralized drill core RG 23-01 have also shown a strongcorrelation with high barium levels, reaching up to 4000 ppm (table1). Additionally, arsenic and antimony are noted as reliableindicators of gold mineralization within our area of interest.According to Boyle (1974), arsenic substitutes for Fe in pyrite,particularly pyrite associated with gold mineralization and base metalmineralization. It would also be a very good universal indicator ofmineralization. Its mobility, combined with its normal distribution,makes it an excellent work tool.
Table 2: Anomaly threshold for soil samples:
Element | Detection Limit | Anomaly Threshold | Concentration Factor |
Ag | 0,2 ppm | 0,25 ppm | X 1,25 |
As | 2 ppm | 30 ppm | X 15 |
Ba | 10 ppm | 60 ppm | X 6 |
Be | 0,5 ppm | 0,8 ppm | X 1,6 |
Cd | 0,5 ppm | 0,6 ppm | X 1,2 |
Co | 1 ppm | 10 ppm | X 10 |
Cu | 1 ppm | 9 ppm | X 9 |
Fe | 0,01 % | 3% | X 30 |
La | 10 ppm | 15 ppm | X 1,5 |
Ni | 1 ppm | 25 ppm | X 25 |
Pb | 2 ppm | 20 ppm | X 10 |
S | 0,01% | 0,15% | X15 |
Sb | 2 ppm | 3 ppm | X 1,5 |
Sr | 1 ppm | 9 ppm | X 9 |
V | 1 ppm | 20 ppm | X 20 |
Zn | 1 ppm | 100 ppm | X 100 |
To visualize the geochemical anomalies, classes thatgroup together 4 to 14 anomalous elements have been retained. Themap shows isocontours of 6 different colors, which have been chosenaccording to the number of anomalous elements.
ANOMALY 1: GRONDIN ZONE (Ag-As-Ba-Sb)
The Grondin zone responds well to soil geochemistry. Onthe index and around, groups of anomalous elements ranging from 4 to11 are noted. The core of the anomaly contains from 9 to 11 elements,some of which are strongly anomalous, including arsenic, which goesfrom 223 to 689 ppm (BLO-32+50E). Anomaly 1 stretches over more than250m in length and between lines 31E and 34E and remains open towardsthe SW.
The most significant elements that emerge in thisanomaly 1 are silver, arsenic, barium, rare earths, and antimony.Anomaly 1 contours the drill holes drilled into the Grondinmineralized gold structure.
ANOMALIES 2 AND 3:
The 2023 soil geochemistry survey covered the Grondinindex over an area of approximately 500m X 300m. A baseline of 500meters in length was drawn parallel to the Grondin gold-bearingstructure oriented at approximately N40°. This line was connected to6 other transverse lines each measuring 300 meters in length. Thetransverse lines, spaced 100 meters apart, were drawn to intersect theGrondin zone at 90°. For this first attempt, the lines were drawn tocover the zone over 150m to the NW and 150m to the SE of thebaseline.
ANOMALY 2:
Anomaly 2 is the most significant of the survey withthe exception of anomaly 1. It alone groups 14 of the 16 elements,with barium having the highest content of the 88 soil samples, i.e.,259 ppm Ba. Silver, base metals, and antimony stand out among theother anomalous elements. The sample was taken on line 32E at station1+50N, at the edge of the geochemistry survey. Its shape and lengthcannot be determined; however, it seems to be directed towards theNE-SW and would be outside the perimeter of the 2023 survey.
ANOMALY 3:
This anomaly 3 is located on line 34EST at station1+50S and once again at the southern limit of the 2023 survey. Anomaly3 groups together 9 anomalous elements including barium and zinc.Moreover, it extends towards the SW and would be related to a higharsenic content at 174 ppm As.
ANOMALY 4:
It is found at the NE end of the survey and would be+/- associated with anomaly 1. It remains weak but is located abovethe gold-bearing zone found in the RG 23-08 drill. Anomaly 4suggests that the Grondin zone extends towards the NE.
About the Grondin Gold Zone
The Grondin Zone is located in thenorthwest corner of the Beauce Gold property located in Beaucevilleand in Saint-Simon-les-Mines, Quebec. The 2023 explorationinitiatives at the Grondin Zone,comprising both bulk processing and drilling, (BGF press releases, November1 2023 and January18 2024) revealed thatthe Grondin zoneextends over 40 meters deep vertically and remains open at depth, witha mineralized structure stretching more than 300 meters in length.This zone is intrinsically linked to an antiform fold axis that spans several kilometers, suggesting thatother gold showings may be present along the antiform fold and elsewhere on the Beauce Gold property.
The geology of the Grondin Zone consists of laminatedzones and fault mirrors developed in volcanic rock (lapilli tuff) butmainly in black, graphitic, and highly deformed argillite. Thesesignificant shearings can lead to a substantial loss of drilling corevolume. Ductile deformation affected the mineralized zone, causingboudinage of the quartz veins. The shear faults have greatlyfacilitated the circulation of mineralizing fluids, particularly alongcontacts between competent/incompetent rocks. The mineralized rock hasbeen altered by green chlorite and sericite, which make the graphiteshiny and silky.
The Company’s diamond drilling and hard rock bulksampling indicates a significant potential forlode gold discoveries from this gold structure. The gold was found both as sulfides and in free form,suggesting a considerable system likely established northwest ofSaint-Simon-les-Mines. A positive correlationapplies to silver and the pathfinder elements that were identified forthe Grondin zone and in the basal till and the saprolite of the goldchannel of the Gilbert River valley. (press release January 18, 2024) This system could have contributed to thedevelopment of supergene deposits and extensive auriferous placers inBeauce.
The Company plans to conduct geophysics along theGrondin structure to confirm it’s dip, depth & length.
Jean Bernard, B,Sc. Geo., is a qualified person, as defined by NI43-101, who has reviewed and approved the technical informationpresented in this release. QA/QC proceduresfor the reported soil sampling include Certified Reference Materialsfrom MSALABS Test Certificate YVO2410178. ICP130 analytical method used on the 88, 500 gramsoil samples.
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 projectsite 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 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 the Company's currentexpectation and assumptions, and are subject to a number of risks anduncertainties that could cause actual results to differ materiallyfrom those anticipated. These forward-looking statements involve risksand uncertainties including, but not limited to, our expectationsregarding mineral exploration. Such statements reflect the currentviews of the Company with respect to future events and are subject tocertain risks and uncertainties and other risks detailed fromtime-to-time in the Company's on-going filings with the securitiesregulatory authorities, which filings can be found at www.sedar.com.Actual results, events, and performance may differ materially. Readersare cautioned not to place undue reliance on these forward-lookingstatements. The Company undertakes no obligation to publicly update orrevise any forward-looking statements either as a result of newinformation, future events or otherwise, except as required byapplicable 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
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