BEAUCE GOLD FIELDS: PLANS TO DRILL AND TRENCH IP ANOMALIES ON RANG DE LÉRY, SITE OF 19TH CENTURY MINES AND OF HISTORIC LARGE GOLD NUGGETS Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: ¨BGF¨) , (“BGF”), is pleased to announce the company will commence it s spring exploration program
May 13, 2020, Montreal, Quebec, Canada Symbol: TSX.V: BGF
News release – for immediate distribution Shares outstanding: 20,974,166
BEAUCE GOLD FIELDS: PLANS TO DRILL AND TRENCH IP ANOMALIES ON RANG
DE LÉRY, SITE OF 19TH CENTURY MINES AND OF HISTORIC LARGE GOLD NUGGETS
Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: ¨BGF¨) , (“BGF”), is
pleased to announce the company will commence it s spring exploration program
in the western section (Rang de Lé ry) of the BGF property in the town of St -
Simon-Les-Mines located in the Beauce region of southern Quebec later this
month. The Rang de Léry area holds the confluence of the Gilbert River and the
Giroux creek, site of intense 19th & 20th century placer gold mining operations and
site of the largest reported gold nuggets in Canada.
Patrick Levasseur, President and CEO of Beauce Gold Fields said, "We are excited
to get back to work on the property now that the COVID-19 exploration restriction
has been lifted. We plan to test promising IP anomalies by trenching down to
possible outcrops and follow-up that with exploratory drill holes. " Mr. Le vasseur
further stated: "It has taken BGF a number of years to piece together this large
land package. Now that it is assembled, we have commenced exploration and
already have received encouraging results. We can now start to focus on finding
the source.”
RANG DE LÉRY, GIROUX CREEK AREA
During November and December of 2019 , the Company complete d an outcrop
sampling and structural geology program and three additional geoelectric induced
polarization (IP) survey lines (BGF press release January 3 th 2020) in the western
section (Rang de Léry) of the BGF property. The IP results, from lines crossing the
Gilbert River, suggest the presence of a structural discontinuity interpreted as
south-westerly extension of the major fault that strikes through the property (Fig.
1). Notably, the historical placer gold channel and mining shafts that produced the
largest gold nuggets in Canadian mining history (50oz to 71oz) follow the trend of
the structure . Induced polarization anomalies (IP-III, IP -IV and IP -V) suggest the
presence of disseminated sulphide mineralisation in folded volcaniclastic rocks
and massive sandstones located on a 400m long section from 500 to 900 m along
Line 2 crossing the Gilbert river (Figures 1 & 2).
Figure 1. 2D inversion model of the electrical resistivity and electrical chargeability
(induced polarisation) data of Line 2 intersecting the Gilbert river in the sector of the
confluence with the Giroux creek. The strong IP anomalies coincide with folded rocks
near the river (IP-III, IP-IV, IP-V). Refer also to Figure 2.
The presumed sulphide mineralisation may be associated with the presence of
gold mineralization in the bedrock sim ilar to the visible gold extra cted from
quartz-rich volcaniclastic rocks associated with the exposed fault line at the Poulin
trench located 1.5 km east of Giroux Creek (BGF press release January 3 th 2020).
A quartz veined rock outcrop on eastern bank of Ruisseau Giroux in the area
surrounded by 19 th century placer gold mining shafts returned 124 ppb Au with
anomalous arsenic (As), a well-known gold pathfinder metal ( Sample 6007 -b)
(Figure 3).
IP data will allow the Company to identify potentially mineralized bedrock buried
under glacial till overburden that can be excavated for channel sampli ng and / or
provide target data for subsequent diamond drill programs.
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.
Figure 2: Giroux Creek 19th Century Mine Shafts and rock outcrop near the Gilbert river line 2
intersection
Figure 3. Quartz veins with sulfides from sample 6007b. Giroux Creek area.
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 which 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 the la rgest gold nuggets in Canadian
mining history (50oz to 71oz).
Comprising 152 contiguous claims and 7 real estate lots, the project area contains a six-
kilometer-long placer channel consisting of an unconsolidated gold-bearing auriferous unit of a
lower saprolite and an upper brown diamictite. The Company has calculated a Gold Exploration
Target for the entire historical placer channel ranges between 61,000 ounces (2,200,000 m3 @
0.87g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3) . Source: Beauce July 4 th
2018[43-101 Report.
The Company has identified a major Fault Line that coincides with an interpreted fault structure
across the property. Evidence suggests the erosion of the Fault Line as a probable source of the
historical 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 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