Beauce Gold Fields Commences Drilling Program to Test Gold Bearing Bedrock Structures, Fault Line and the Historical Placer Gold Channel
Beauce Gold Fields Commences Drilling
Program to Test Gold Bearing Bedrock
Structures, Fault Line and the Historical
Placer Gold Channel
Montreal, Quebec--(Newsfile Corp. - June 9, 2021) -
Beauce Gold Fields (Champs D'Or en Beauce)
(TSXV: ¨BGF¨),
("BGF"),
is pleased to announce it has commenced a 20 holes 4,000 meter diamond
drill program to test a series of high-priority targets on the Company's Beauce Gold property located in
Saint-Simon-les-Mines, Quebec.
Patrick Levasseur, President and CEO of Beauce Gold Fields said, "This will be the first significant
diamond drill program that this historical placer gold property has ever witnessed." Mr. Levasseur
added: "We look forward to building our understanding of the recently discovered mineralized structures
and fault line and how this can lead us to a possible lode gold discovery."
Figure 1: Diamond Drill Rig positioned over hole number one
To view an enhanced version of this graphic, please visit:
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St-Gustave Targets
The St-Gustave targets centres around the axis of the Rang St-Gustave road and the Gilbert river.
Drilling will test multiple gold bearing bedrock structures discovered by the Company's recent trenching.
BGF geologists interpret these structures as NE-SW splays off the main fault line structure which was
identified using AMT surveys in 2018 carried out along the Chemin du Rang St-Gustave (the "AMT
Fault"). Notably, the AMT Fault is sub-parallel to the placer channel and the splays appear to cross a N-S
section the Placer Channel. (see company news releases of May 12, 2021).
Historical Placer Gold Channel Targets
The Beauce Gold property contains a six kilometre long historical placer channel consisting of
unconsolidated gold-bearing auriferous units of a lower saprolite and an upper brown diamictite.
Western sections of the channel has been the subject of historic placer gold production from 1860 to
1912 via underground drifts and in the East by a major gold dredging operation in the 1960s.
Analysis of
all historical overburden drill logs drilled into the placer gold channel (see company news releases of
January 21, 2021) indicates sections of possible bedrock mineralisation.
Diamond drilling will test
targets along a two kilometre stretch of channel that aligns with the 1959 Churn Drill holes lines of L15-
400 to L23-200 and to the 1980s RC drill holes of G-49 to G-70.
The drill program will be supervised by Jean Bernard, B,Sc. Geo supported by a highly experienced
team of drillers working two shifts, 24/7.
Marc Richer LaFlèche, Ph.D., Geo., of INRS is an independent
advisor to the Company for the drill program as well as the ongoing exploration of the Beauce Gold
property.
Other corporate news
In accordance with the agreement between BGF and Agora Internet Relations Corp., entered into on
August 1, 2020 for the term ending July 31, 2021, BGF board has approved the issuance of 86,923
common shares at a deemed price of $0.13 per share to pay $11,300 for services rendered for the
period ending October 31, 2020. The BGF Board has also approved the issuance of 80,714 common
shares at a deemed price of $0.14 per share to pay $11,300. for services rendered during the period
from November 1, 2020 to January 31, 2021and the issuance of 53,809 shares common shares at a
deemed price of $0.21 per share to pay $11,300. for services rendered during the period from February
1, 2021 to April 30, 2021.
Each share issued pursuant to the debt settlement will have a mandatory four
(4) month and one (1) day holding period from the date of closing. This transaction is subject to the TSX
Venture Exchange approval.
About Beauce Gold Fields
Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration in the
Beauce region of Southern Quebec.
The Company's flagship property is the St-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). The
intent of Beauce Gold Fields is to trace the placer gold workings back to the bedrock source and
uncover economic bedrock gold mineralization.
Comprising 152 contiguous claims and 7 real estate lots, the project area contains a six kilometer long
placer channel consisting of unconsolidated gold-bearing auriferous units of a lower saprolite and an
upper brown diamictite.
The Company has identified a major Fault Line in bedrock that coincides with geophysical findings of an
interpreted fault structure
across the property, referred to herein as the AMT Shear. Evidence suggests
the erosion of the AMT Fault or related splay fractures as a probable source of the historical placer gold
channel, and has conducted bedrock sampling and geophysics outside the expression of the placer gold
channel.
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
Bernard J. Tourillon, Chairman and COO Tel (514) 907-1011
www.beaucegold.com
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