BEAUCE GOLD FIELDS RECEIVES AUTHORIZATION FOR DRILL CAMPAIGN ALONG THE ANTIFORM SADDLE REEF STRUCTURE Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: "BGF"), referred to as "BGF" or the "Company," is pleased to announce it has received from Quebec’s Ministry of Natural Resources
April 10, 2025, Montreal, Quebec, Canada Symbol: TSX.V: BGF
News release – for immediate distribution Shares Outstanding: 98,126,971
BEAUCE GOLD FIELDS RECEIVES AUTHORIZATION FOR DRILL CAMPAIGN
ALONG THE ANTIFORM SADDLE REEF STRUCTURE
Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: "BGF"), referred to as "BGF" or the
"Company," is pleased to announce it has received from Quebec’s Ministry of Natural Resources
(MRNF) an ATI Authorization for its planned diamond drilling campaign and bulk sampling
program targeting high-priority zones along the antiform Saddle Reef structure. This structure is
identified as the likely source of historical placer gold deposits on the Beauce Gold property,
located in southern Quebec.
Patrick Levasseur, President and CEO of Beauce Gold Fields, stated: “We are excited and eager
to start drilling and conduct bulk sampling on promising targets along the structure believed to
be the source of the region’s historical placer gold deposits."
The Company will mobilize a drill rig to commence the program this spring, followed by the
mobilization of heavy equipment for the bulk sampling part of the program. The authorization
for impact exploration work is valid for a period of two years, until April 1, 2027.
High-Priority Drill and Bulk Sampling Targets
The Company has selected targets based on its 2023 drilling and trenching program, which
confirmed gold mineralization within the axis of a domed outcrop. Subsequent IP and geological
studies have identified an 8 km-long antiform Saddle Reef structure. Geochemical studies suggest
that this structure is the likely source of historical placer gold deposits in Saint-Simon-les-Mines
to the southwest.
In this first phase, Beauce Gold Fields plans to drill seven holes, totaling 500 meters, across two
key zones: the Giroux Zone and the Grondin Zone . Additional drilling phases will be planned
based on results from these zones, as well as from IP Anomalies Three and Four (see BGF press
release dated December 10, 2024).
Giroux Zone
Location: At the headwaters of Giroux Brook, a tributary of the Gilbert River. This brook
played a central role in 19th-century industrial-scale placer gold mining.
Planned Activities:
o A trench, 150 meters in length, will be excavated to expose mineralized zones
where overlapping soil and IP anomalies suggest antiform structure signatures.
o Two exploratory drill holes will be conducted, with additional holes planned based
on field results.
Grondin Zone
Location: In the northwest corner of the Beauce Gold property in Beauceville, Quebec.
Details: This 600-meter-long section of the structure lies above drill hole GR 23-01, drilled
in 2023 (BGF press releases: November 1, 2023, and January 18, 2024).
o Findings from GR 23-01:
The drill hole crossed a 36-meter-long mineralized zone and intersected
three distinct gold zones between depths of 11 and 24 meters.
One of the zones returned assays of 1 meter at 8.5 g/t and 5.4 g/t Au over
2.2 meters.
Mineralization is associated with stockwork containing sulfides and shows
strong deformation, which led to core loss, particularly toward the end of
drilling.
o Planned Activities:
New holes will verify gold mineralization beyond a depth of 40 meters and
test areas along the structure’s strike on either side of hole GR 23-01.
Jean Bernard, BSc, Geo, a qualified independent person as defined by National Instrument 43-
101, has reviewed and approved the technical information contained in this release.
Non-brokered private placement
The Company will proceed with a non-brokered private placement of 7,500,000 units at $0.04
per unit for gross proceeds of $300,000.
Each unit will be comprised of one (1) common share and one common share purchase warrant
of the company which will entitle the holder thereof to purchase one common share of the
capital stock of the company at a price of $0.08 for a period of 24 months from the date of closing
of the placement.
The placement is conditional upon the receipt of all necessary regulatory approvals, including the
approval of the TSX Venture exchange. The proceeds of the offering will specifically be used for
general corporate purposes.
The placement will be offered to accredited investors in accordance with applicable securities
laws. In connection with the placement, the company may pay finders' fees, as permitted by the
policies of the exchange. Each share issued pursuant to the placement will have a mandatory
four-month- and-one-day hold period from the date of closing of the placement. The company
anticipates that insiders may subscribe for units and their participation could exceed 25 per cent
of the offering.
No more than 10% of the proceeds of the placement can be used for Investor Relations Activities.
No amount of the proceeds of the placement is for payments to Non-Arm’s length parties of the
company nor for payments to persons conducting Investor Relations Activities.
About Beauce Gold Fields
Beauce Gold Fields is focused on exploring and developing the largest placer gold district in
eastern North America. The Company’s objective is the trace old placer gold workings back to a
bedrock source to uncover economic lode gold deposits. The Company’s flagship property is the
Saint-Simon-les-Mines gold project, site of Canada’s first gold rush that pre-dates the Yukon
Klondike. The Beauce region hosted some of the largest historical placer gold mines in Eastern
North America that were active from 1860s to the 1960s It produced some of the largest gold
nuggets in Canadian mining history (50oz to 71oz). (Source Sedar: 43-101 Report - Beauce July
4th 2018, Author B. Violette)
Beauce Gold Fields is currently drilling recently discovered antiform systems that is believed to
have contributed to the development of extensive auriferous placer deposits in Beauce. The
Company’s geological model suggests that placer gold within the Beauce Gold paleochannel,
including the renowned large nuggets from the 19th century, formed in stressed quartz pockets
within layered domed Axis of Antiforms, exemplified by Saddle Reef formations. Notable global
Saddle Reef formations include the Bendigo gold fields in Australia (over 60 million ounces) and
the high-grade Dufferin deposit in Nova Scotia.
Beauce Gold Fields website www.beaucegold.com
Disclaimers:
This press release contains certain forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate",
"intend", "expect", "in the process" and other similar expressions which constitute "forward-
looking information" within the meaning of applicable securities laws. Forward-looking
statements reflect the Company's current expectation and assumptions, and are subject to a
number of risks and uncertainties that could cause actual results to differ materially from those
anticipated. These forward-looking statements involve risks and uncertainties including, but not
limited to, our expectations regarding mineral exploration. Such statements reflect the current
views of the Company with respect to future events and are subject to certain risks and
uncertainties and other risks detailed from time-to-time in the Company's on-going filings with
the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results,
events, and performance may differ materially. Readers are cautioned not to place undue reliance
on these forward-looking statements. The Company undertakes no obligation to publicly update
or revise any forward-looking statements either as a result of new information, future events or
otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
For further information contact
Patrick Levasseur, President and CEO Tel: (514) 262-9239
www.beaucegold.com