BGF.V · 2019-07-08 12:00:00

Beauce GOLD Fields Enhances Historical Maps of the Largest Placer GOLD Mines IN Eastern Canada

Corporate Updates

July 8, 2019, Montreal, Quebec, Canada Symbol: TSX.V: BGF

News release – for immediate distribution Shares outstanding: 18,716,666

BEAUCE GOLD FIELDS ENHANCES HISTORICAL MAPS OF

THE LARGEST PLACER GOLD MINES IN EASTERN CANADA

Beauce Gold Fields (Champs D’Or en Beauce) (BGF) (TSX Venture: ¨BGF¨) is pleased to

announce it has completed digital enhancements of historical maps of f o r m e r g o l d m i n i n g

companies that were once active on the company’s St-Simon Les Mines property. By studying

old maps, pertinent details could be extrapolated that might p r o v i d e information in our

exploration efforts to find a lode gold deposit as to the origins of the gold placers mined in the

19th & 20th centuries.

Patrick Levasseur, President and CEO of Beauce Gold Fields, said, "Studying historical

documents is an import part of our exploration program. By scrutinizing all available

documents, some dating back to 1860s, valuable information that could potentially lead to a

lode gold discovery of the St-Simon-les-Mines placers could be identified.” Mr Levasseur further

stated, “In fact, it was by following up on old historical accounts that the multi-million ounce

White Gold deposit in the Yukon was found. This was the first time since the Klondike Gold Rush

that a lode gold deposit was found as the source of a placer gold deposit.”

Newly discovered 1910 historical placer gold mine

Image 1 Comparative images of the St-Gustave 1910 placer gold mine

1.7 ft deep

3.3 ft deep

5.6 ft deep

9.5 ft deep

12.5 ft deep

1517 16

20 18

Gilbert River

Discovery Gold

Magn North

Hilly Ground

Road

Flat Dumping Ground

0 Gold

Flat Land for T ailings

Gold

Gold Post

N.F 50o

N.E 35o

N.F 42o

N.S.0o

Air Shaft

North East Drift

Gold

N.E 32o

N.E 57o

N.W 54

T rack

North

East

Branch

Survey

Line

Hilly Ground

Gold

12ft deep to bedrock

Gold

30ft deep to bedrock

no gravel

15ft deep to bedrock

Na Gold Hosting shaft

Bridge

Gold 0,30-1,90

2:14

240’

200’

58’

1.40’

103’

0.424.330.741.432.61.271.225.505.0016.1816.774.842.66.547.393.917.6912.888.885.493.593.374.994.865.280.740.421.6911.501.692.560.632.550.898.580.74

13.40

Gilbert River

Lot 17, on townline St.Gustave & Chaussegros

Alluvial Gold Deposit

on North-East Branch of

Scale: 3 in . 100ft

100ft5001020304050

Ministe re des Richesses Naturalles, Oaebec

SERVICE DES GITES MINERAUX

No GM- 17 0 5 6-B

Hois%ng Sha,

Tracks

Image 2 Before and after digital enhancements

Two 1910 blueprints of the Champ D’Or Rigaud Vaudreuil company placer gold mine are the

only documents know to date that indicate that an underground placer mine once operated on

Rang St-Gustave Road. A 1935 areal photograph revealing mine works corroborated the

existence of the St-Gustave mine. The mine was in the path of the 1960s gold dredging

operation and the area was subsequently completely stripped by the electric dragline that

worked ahead of the Yuba dredge. Today, no surface evidence of the mine remains. Life of

mine and or g old r e c ov e r e d is unk now n. Source GM17056-B, Areal photo National Air Photo

Library of the Natural Resource Archives of Canada.

1986 Compilation Map of the Gilbert River Placer Gold Channel

Image 3: Compilation map outlining the historical Gilbert river placer gold channel

Interest in the Beauce was renewed in 1985 when the Quebec government took back mineral

rights from landowners and made southern Quebec available for staking. Coniagas Mines Ltd.

(“Coniagas”) and Macamic Resources Inc. (“Macamic”) investigated the Beauce property with

extensive overburden RC-drilling along the placer gold channel. Digital enhancements and

colorization of some of the maps has help with image overlays to geo-locate features for data

compilation. The example above (image one) is a compilation map outlining the historical

placer gold channel along 4.5 km delimited by three periods (1898, 1958 and 1986).

Elevation (m.) Surface

G - 85 - 2,5

Elevation (m.)

320

300

280

Ministere de I’Energie et des Ressources

Service de la Geoinformation

Date:

260

240

220

200

180

160

Gravel

Gravier

Vo 714,000m3Vo 378,000m3

L - 28 + 500 (0)L - 26 + 300 (0)L - 24 + 800 (9L)

L - 23 + 200 (14L)

L - 21 + 000 (6L)

L - 18 + 800 (7L)L - 16 + 650 (12L)L - 15 + 450 (4L)

L - 14 + 500 (6L)

L - 12 + 500 (7L)

320

300

280

260

240

220

200

180

160

140

120

G-80-lG-76-2G-70-3

V = Volume of pay zone (m3)

Vo = Volume over pay zone (m3)

G = Grade (g/m3)

V = 390,000 m3 V= 156,000 m3

G = .650 g/m3 G= .544 g/m3

2535, boul Laurier

Sainte-Foy, Quebec

G1V 4M3 Canada

(418) 871 9600

Telex : QBC 051 31593

Project: Project No Drawn by: Date

86-02

Date

86-02

Approved by:

Drawing No IX

D. Labrecque

Y . Harvey

Scale:

1: 20,000

1000 500

Francois GilbertGroup-conseil ltee

Division:

RUISSEAU GILBERT 5318

LONGITUDINAL PROFILEMINES

ROCHE

1985 drill holes

Forages 1985

1985 drill holes (approx. location)

Forages 1985 (localisation approx.)

G-65-2,5

G-57-3

Vo = 2,665, 000 m3

G-50-1

516G-30-8

G-22-5

Gravel

Gravier

VERTICALE SCALE

ECHELLE VERTICALE 1 : 2000

V= 275, 000 m3

G= 1.482 g/m3

G-85-2,5

G-76-2 G-80-1

L-26+300 (3L) L-28+500 (0)

RANG QUAOAZE

PAGE

ROUTE POTVIN

RANG VI

L-24+800 (9L)

L-23+200 (14L)L-21+000 (6L)

L-16+650 (12L)

ROUTE PETITE PIERRETE

COTE DE LA DNNEROUTE PAUL VEILLEUX

lie

aux

Serpents

lieaux Oies

Notre - Damedes-Pins

lie auxCrepes

SAINI CHARLES

L-l4+500 (6L)

Pic Rond

Saint - Simon les MinesRiviere

L-12+500 (7L)

G-30-8G-22-5

ROUTE DU RANG CINQ

G-57-3

G-50-1

Gilbert

Surface

R-6

River level

Niveau dela riviere

V= 491, 500 m3

G= .663 g/m3

No G.M:42988

Vo = 275, 000 m3

Chenal limit in 1898

Chenal limit in 1958

Chenal limit in 1985

Chenail delimte en 1898

Chenail delimite en 1958

Chenail delimite en 1985

SCALE

ECHELLE I = 20,000

1985 drill holes - Forages 1985

1958 drill holes - Forages 1985

200 0 600

R-6 RANGE ST-GUSTAVE

RANG CHAUSSEGROSS

G-65-2,5

L-18+800 (7L)

Drague

Dredge

L-l5+450 (4L)

Also of interest is the indication of a historical placer gold reserves measured along various

segments of the placer channel. Source: GM42988, Beauce Gold Fields 43-101 Report July 4,

2018.

The reader is reminded that all discussions on historical mineral estimates or gold grades shown

within the images of this press release are largely based on historical data in the terms of the

current NI 43-101 conventions; and that Beauce Gold Fields has not done sufficient work to a)

validate gold grades and b) to classify the historical estimates as current mineral resources or

mineral reserves; and that the Company is not treating the historical estimates as current

mineral resources or reserves.

Robert Gagnon, P. 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 Company’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 kilometre long 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 K l o n d ike. 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

BGF Presentation: http://beaucegold.com/wp-content/uploads/2019/04/BGF-Presentation-

20191.pdf

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

← Back to feed