Beauce GOLD Fields: Comparative Analysis Indicates Eroded Fault LINE as Source of Historical Placer GOLD Channel
March 2, 2020, Montreal, Quebec, Canada Symbol: TSX.V: BGF
News release – for immediate distribution Shares outstanding: 20,974,166
BEAUCE GOLD FIELDS: COMPARATIVE ANALYSIS INDICATES ERODED FAULT LINE AS SOURCE
OF HISTORICAL PLACER GOLD CHANNEL
Beauce Gold Fields (Champs D’Or en Beauce) (BGF) (TSX Venture: ¨BGF¨) is pleased to
announce that a comparative analysis of both gold particles and of bedrock geochemistry
samples taken from t he exposed geological Fault Line at Poulin Trench 10008 (press release
February 3 rd 2020) link the proposed Fault Line to the historical placer gold channel found on
the Company’s St-Simon-Les-Mines property. Geochemistry analysis show a strong correlation
of pathfinder elements: arsenic, tungsten and antimony. Moreover, SEM analyses indicate
similar silver content in bedrock gold particles to the placer channel gold nuggets.
Patrick Levasseur, president and CEO of Beauce Gold Fields said, "The match in pathfinders
elements as well as a match in silver to gold content, is the strongest evidence yet associating
bedrock gold at the geological fault line to the historical placer channel ." Mr. Levasseur further
stated: "This gives full weight to the theory that the fault zone could be the host of an ancient
hydrothermal gold system responsible for the concentration of gold in the rock. The presence
of this gold system could explain, among other things, the gold placers found in the basal till
and the underlying saprolite along the historic Saint -Simon-les-Mines placer gold channel. We
believe that focusing on this system could lead to new gold discoveries"
Map: Saint-Simon les Mines Placer Channel and Fault Line
Silver Content Of Bedrock Gold Particles Similar To Placer Channel Gold Nuggets
In Company’s February 3rd 2020 press release , it was reported that samples taken from Poulin
trench 10008 contained three visible gold particles totaling 0.55 mg (0.275 g/t) . The particles
were extracted from volcaniclastic rocks that were heavily injected with rusty quartz veins. The
excavation of trench 10008 also exposed the main geological Fault L ine that runs along strike
the historical placer gold channel on the Company’s St-Simon-Les-Mines property.
In March of 2011, the Company’s former parent company, HPQ Silicon Resources (formerly
known as Uragold), completed a Sonic Drill program into the historical placer gold channel.
Eighteen (18) coarse gold grains and nugge ts were extracted from cores of auriferous basal till
and saprolite. (Source: Beauce Gold Fields’ compliant NI-43-101 Technical Report July 4th 2018)
Under the supervision of Dr. Marc Richer -LaFlèche, Ph.D. Géo from INRS , the 3 Fault zone
Poulin trench 10008 gold particles and the eighteen of the 2011 Sonic Drilled gold grains were
sent to INRS and analyzed using a Zeiss EVO® 50 smart SEM (SEM) scanning electron
microscope coupled to an Oxford Instruments elementary microanalysis system by X-ray energy
dispersion spectrometry (EDS). For the Poulin trench gold particles, 41 of the 62 random
sequenced analysis over the scanned particles revealed a silver content that ranged betw een
2.71% Ag to 8.14% Ag with an average reading of 6.03% Ag.
For comparative analysis, morphology of the auriferous basal till and sapr olite gold grains were
separated into groups of proximal angular vs distal rounded shapes. It was observed that
relatively angular nuggets ( example A, B and C) contain an average Au -Ag mixture of 6.80% Ag
(Silver) (25 random sequenced analysis ranging 1.26% to 21.30% Ag) which is similar to the gold
observe in Trench-10008. Some nuggets have internal cavities filled with iron oxides (goethite-
hematite) probably reflecting the saprolitisation (weathering) of bedrock and of little hydraulic
transportation. The second population of nuggets ( example C, D and E) were rounded by
hydraulic transport, and which do not contain silver (only gold). It is likely that these nuggets of
almost pure gold were affected by geochemical or biogeochemical process involving
preferential leaching of silver. Note that in the St -Simon-les-Mines area, the presence of
saprolitized rocks is a local geological characteristic essentially observed in the sector of the
Beauce placer near the Gilbert river (including rocks from the 10008 trench and outcrop 8000).
Such we athered rocks are not preserved elsewhere in the study area. The presence of gold
nuggets showing internal weathering embayments rich in iron oxides is another evidence
suggesting a local provenance of gold.
In August of 2013, Uragold analyzed gold nugge ts collected from material presumed to have
been processed by the previous 1960s gold dredging operation. The gold nuggets were
identified as having a silver content of 10%. In 1987, a study of placer gold nuggets by Coniagas
Mines revealed a silver conte nt of 7 -8% Ag. (Source: Beauce Gold Fields’ compliant NI -43-101
Techical Report July 4th 2018)
The Company’s July 4 th 2018 43-101 Report states that analysis of the silver content and of the
gold particle shapes of historical gold nuggets suggest they are detrital in origin and that they
have undergone only minor transport. Meaning that the nuggets from the placer channel are
derived from pre-existing rock that, through processes of weathering formed the saprolite rock
that in turn eroded to form t he basal till. The similarities in the silver content of Poulin Trench
bedrock gold particles with that of historical placer gold nuggets indicated a shared origin.
Gold Location Nugget Shape Silver Content
Bedrock at Fault Line angular 6.03%
Saprolite, Placer Channel angular 6.80%
Basal Till, Placer Channel rounded No Silver
SEM images of gold particles and nuggets
Pathfinder Elements Indicate A Link Between Bedrock At Fault Line To The
Historical Placer Gold Channel
The Company’s July 4th 2018 43-101 report states that analysis of dense mineral
concentrate of basal till and saprolite drilled from the historical placer gold channel
revealed pathfinders elements of arsenic, tungsten and antimonyup to 135 ppm As, 580
ppm W and 8 ppm Sb.
In 2019, The Company collected 267 channel samples from rock outcrops and trenches
throughout an area of 30 square kilometers centered around the St -Simon-les-Mines
historical placer gold district . Out of 267 samples, only sample #8000 and sample TR
10008 contained the full suite of pathfinder elements of arsenic, tungsten and antimony.
Sample TR 1 0008 was taken from Poulin Trench 10008. As noted above, Trench
10008 contained visible gold particles from bedrock and exposed the main geo logical
fault line that runs along the historic al placer gold channel. Sample #8000 was from an
outcrop to NE to Trench 10008.
Geochemical association of pathfinder elements and silver in gold nuggets is the
strongest evidence yet that gives weight to the theory that the fault zone could be the
host of an ancient hydrothermal gold system responsible for the concentration of gold in
the rock. The presence of this gold system could explain, among other things, the gold
placers found in the basal till and the underlying saprolite along the historic Saint -
Simon-les-Mines placer gold channel.
Channel Sample Highlights include
• 3 channel Samples #5051 B, B2 and C: Taken from an outcrop along St-Charles
Road returned anomalous gold values of 70, 98, 560 ppb Au. Potentially
identifying a new gold zone North West of the property.
• Sample #8000: 25 ppb Au, pathfinders 245 ppm As, 0.7 ppm Sb, 2 ppm W
• Samples TR 10008 A, B & C pathfinders (29 to 75 ppm of As, 0.7 to 1 ppm of Sb,
4 to 8 ppm of W)
• Sample 6007 -b: 124 bbp Au. Quartz veined r ock outcrop on eastern bank of
Ruisseau Giroux in the area surrounded by 19 th century placer gold mining
shafts.
• Balance of c hanneled outcrop samples throughout 30sq km returned no
significant gold values. This narrows down the exploration area for a hard rock
gold deposit along the Fault Line and Ruisseau Giroux.
The exploration team, under the supervision of Dr. Marc Richer-LaFleche, Ph.D. Géo of
INRS, systematically prospected, sampled and mapped the main outcrops, located on
both sides of Gilbert River and Giroux Creek, more specifically between Rang St -
Charles and Rang VI roads. The geological mapping and structural geology work was
aimed at documenting and to gain a better understanding the geochemistry of the area's
sedimentary and volcanic rocks. Special attention was paid to sampling the different
generations of quartz veins in the region. 267 channel and bulk samples were collected,
prepared and sent to Activation Labs (Ancaster, Ontario) assayed for gold and other
trace elements.
Marc Richer -LaFlèche, Ph.D. Geo ., a qualified person as defined by NI 43-101, has
reviewed and approved the technical information presented in this release.
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 Compan y’s flagship property is the St -Simon-les-
Mines Gold project, a unique, historically significant gold property located in the municipality of
Saint-Simon-les-Mines. Comprising of a block of 152 claims as well as 7 real estate lots, the
project area hosts a six kilometer long placer channel that consist of an unconsolidated gold-
bearing sedimentary unit (a lower saprolite and an upper brown diamictite). Textural
observations (angularity) of gold nuggets suggest a relatively proximal source and therefore a
short transport distance. The gold in saprolite indicates a close proximity to a bedrock source of
gold, providing possible further exploration discoveries. The property was host to Canada’s first
gold rush before the one in the Yukon Klondike. It hosts some of the largest historical placer
gold mines in Eastern North America that were active from 1860s to the 1960s (see HPQ
SEDAR-filed July 4 2018 43-101 report).
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 w hich 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 ac tual 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 Compa ny 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 res ult 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 respo nsibility 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