Beauce GOLD Fields Presents Results of a Geoelectric Survey Under the Former GOLD Mines of Saint-Simon-Les-Mines
August 6, 2019, Montreal, Quebec, Canada Symbol: TSX.V: BGF
News release – for immediate distribution Shares outstanding: 18,716,666
BEAUCE GOLD FIELDS PRESENTS RESULTS OF A GEOELECTRIC SURVEY UNDER THE FORMER
GOLD MINES OF SAINT-SIMON-LES-MINES
Beauce Gold Fields (Champs D’Or en Beauce) (BGF) (TSX Venture: ¨BGF¨) is pleased to
announce the results of a geoelectric tomography survey conducted in the western section of
the Beauce Gold property in the town of S t-Simon-Les-Mine located in the Beauce r e g i o n i n
southern Quebec. The 2D inversion models of electrical resistivity and induced polarization (IP)
indicate the presence of a structural discontinuity interpreted as the southwesterly extension of
the major fault detected by the 2017 and 2018 geophysical surveys. This structure, which is
locally associated with Induced Polarization (IP) anomalies, has been located beneath former
(placer) gold production shafts and near the discovery sites of the largest gold nuggets in the
Gilbert River valley. Induced polarization anomalies suggest the presence of disseminated
sulphides in volcaniclastic rocks. These sulphides may be associated with the presence of gold
mineralization in the bedrock.
Patrick Levasseur, President and CEO of Beauce Gol d Fields, said, "The results of the
geoelectrical tomography survey is another solid piec e of evidence that narrows our
exploration efforts to find the bedrock source of the gold-bearing placers of Saint-Simon-les-
Mines." Mr. Levasseur added: "Our rock outcrop sampling program is currently underway and is
proceeding excedingly well. We should be able to provide an updated shortly.“
Figure 1. 2D inversion model of induced polarization data (electrical chargeability) of line 2
The location of the two lines of the geoelectric tomography survey is shown on the F i g u r e 2
map. The lines are located in a wooded area and crosses the Gilbert River before (line 2) and
after the confluence with Giroux Creek (line 1) (Figure 2). The lines were established based on
the gold potential of the area as evidenced by the large number of gold bearing shafts and the
discovery sites of the largest historical gold nuggets in Canada.
Figure 2 - Location map of lines 1 and 2 of the geoelectric tomography survey
The geoelectric tomography survey demonstrates the presence of distinct lithological blocks
located on both sides of the Gilbert River. North of the river, the rocks are systematically more
resistive. This observation implies the presence of contact between units of sedimentary rocks
in the south (St-Victor Formation), which shows relatively few induced plolarization anomalies,
and volcaniclastic dominant units (Beauceville Formation) in the north of the Gilbert River. The
latter being characterized by strong anomalies of electrical chargeability. As observed in the
field, volcaniclastic units are affected by brittle deformation frequently associated with the
injection of quartz veins and carbonates. In contrast, these structures are infrequent in the
shale-rich units of the St-Victor Formation.
The faulted contact between the St-Victor and Beauceville Formations is further indicated by
the magnetic and gravity contrasts observed in this sector. These contrasts of physical
properties of the rock units can not be explained by a simple synclinal structure. As a result, the
presence of a fault is highly likely in the Gilbert River area. Note that Line 2 passes near old gold
mining wells of the 19th and 20th century. Remnants of these are still visible in the area of the
anomaly located below the 600m station (Figure 1).
An exploration program that consists of prospecting, sampling, and channeling outcrops of the
Beauceville Formation north of the Gilbert River is currently underway.
Two lines of the geoelectric tomography survey were part of a major geophysical and geological
work carried out in 2017 and 2018 on various sections of the property between the
Municipalities of St-Simon-les-Mines and St-Benjamin (press releases from HPQ May 11, 2017,
and fo BGF April 30, 2019) which indicated the probable presence of a large fault that extends
over 4.5 km and is in alignment with the former placer gold mines (report entitled "REPORT OF
GRAVIMETRIC SURVEYS AND GEOELECTRIC TOMOGRAPHY OF 2018 ", written by Professor Marc
Richer-LaFlèche of INRS)
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