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Beauce Gold Fields Mobile Placer Plant Bulk Samples Fine to Nugget Size Gold on the Ditton Property

Metallurgy & Processing

Beauce Gold Fields Mobile Placer Plant Bulk

Samples Fine to Nugget Size Gold on the

Ditton Property

Montreal, Quebec--(Newsfile Corp. - August 29, 2023) - Beauce Gold Fields (TSXV: BGF) (Champs

D'Or en Beauce), ("BGF" or the "Company"): is please to provide an update on its ongoing exploration

activities at the Ditton Gold project located near Chartierville in southern Quebec. The Company has

recently completed a bulk sampling program at specific locations that were previously dredged,

including the SB-100 and within the Ditton quarry, the SB-101, and SB-102 sites (Press releases May

16 and June 28, 2023).

Fine to nugget size placer gold were observed in the heavy mineral

concentrates.

Patrick Levasseur, President and CEO of Beauce Gold Fields, stated, "This bulk sampling has

increased our goal to assess the possibility of an economically viable placer gold deposit, as well as to

look for signs that could lead to future discoveries of bedrock lode gold deposits."

Image1: Left, Mobile placer plant Ditton property. Right, +5 mm gold nugget SB-100 sample

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6198/178834_b9fa4e19c4c12ba4_001full.jpg

The 50-ton bulk sample SB-100 was excavated from unconsolidated Quaternary-type glacial till deposit

from a ground-level trench located over the interpreted placer channel about 300m north of the operating

Ditton (Blais) quarry.

The two 50-ton bulk samples, SB-101 and SB-102, each consisting of Tertiary

(oxidized and compact gravel) material, were excavated from trenches in the Ditton quarry floor.

Explolab of Val D'Or Quebec utilized a mobile placer plant equipped with a trommel and sluice to

process the samples on-site.

It allowed the bulked samples to be reduced to concentrates for transport

to Explolab's laboratory for finer processing.

The samples were subjected to

gravimetric concentration to

make concentrates of heavy minerals.

Laboratory technicians removed gold grains large enough to be

manipulated from the heavy mineral concentrates to be weighed and measured.

The concentrates were

divided into batches of 500 grams and sent to MSALABS in Val D'Or for Photonassay analysis.

PhotonAssay is a non-destructive technique that can assay for non-visible gold to nuggets without

destroying the sample.

The non-destructive analysis allows for further testing and confirmation of visible

gold content if necessary.

The results of the Photonassay and the weighted gold particles per bulk

sample will be combined to obtain indicative grades in grams per cubic meter (g/m3), the industry-

reporting standard unit of quantity for placer gold.

Jean Bernard, B,Sc. Geo., is a qualified person, as defined by NI 43-101, who has reviewed and

approved the technical information presented in this release.

A qualified person has not completed sufficient work to classify any mineral resources as defined by

National Instrument (NI) 43-101; it is uncertain if future exploration will result in the

delineation of

mineral resources.

About The Ditton Placer Channel

The placer channel is located near the town of Chartierville, Quebec.

The channel is 4 km east of the

historical Mining Brook Placer gold mine and 6 km northwest of the US-New Hampshire border.

It is also

located 115 km south of the Company's Beauce Gold project in St-Simon-Les-Mine.

A sampling program by the Company recovered gold from every sample taken throughout the Ditton

quarry (BGF press release January 20, 2022), bringing about the discovery of the Ditton placer gold

channel. Further insights to the existence of a channel were gained from the 1980s historical exploration

reports of the regional geology and geophysics.

It also revealed that the quarry was an excavated pit of

an exposed layer of a Tertiary placer channel.

Results from the company's 2022 seismic refraction

survey lines further support the existence of a paleochannel.

The channel trends southwest to northeast and is believed to open in both directions.

Comparable North American Placer Mines

Projects

Location

Year

Avg. Grade g/m

3

Beauce Placer Mining (Beauce Gold Project)

Quebec

1960

0.43

Multiple private large placer operations

Yukon

2020

0.30

NovaGold (TSX-NG), Nome Gold Project

Alaska

2011

0.30

Source: Sedar: 43-101 Report - Beauce July 4

th

2018, , Author B. Violette,

Yukon Placer Mining Industry Reports 2010-2014, 2018-2020:Yukon Geological Survey

NovaGold Resources: TECHNICAL REPORT NOME PLACER PROPERTY, 2006, Norwest Corporation

Potential for Lode Gold Discoveries

The recovered gold grains from showed delicate angular shapes suggesting little transportation. A

proximal bedrock source of the placer channel could be from the eroded Eastern flank of the valley wall.

The bedrock lithology holds a contact point between altered volcanic rock and schist rock. Historical

surveys indicated strong magnetic lineaments favorable to hosting gold-bearing quartz lenses.

The Bella Fault line is estimated to run along strike 1 km east of the placer channel where Cache

Exploration in 1985 put down 3 diamond drill holes (DDH) along Rang Dix road to test a strong shear

zone. The holes intersected andesites containing numerous quartz stringers mineralized with pyrite and

much tourmaline.

Of interest, in the drill log for DDH number S-2 states that visible gold was noted at 240

meters (GM42843).

Cache did not complete the recommended follow-up drilling to test this anomaly.

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 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 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). (Source Sedar: 43-101 Report - Beauce July 4

th

2018, , Author B. Violette)

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

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/178834