Beauce GOLD Fields: Visible GOLD Extracted from Volcanic ROCK Samples Associated with the Major Geological Fault
February 3, 2020, Montreal, Quebec, Canada Symbol: TSX.V: BGF
News release – for immediate distribution Shares outstanding: 20,974,166
BEAUCE GOLD FIELDS: VISIBLE GOLD EXTRACTED FROM VOLCANIC ROCK SAMPLES
ASSOCIATED WITH THE MAJOR GEOLOGICAL FAULT
Beauce Gold Fields (Champs D’Or en Beauce) (BGF) (TSX Venture: ¨BGF¨) is pleased to
announce that a 2 kg sub-sample from a 146.6 kg bulk sample taken from Poulin trench
10008 contained 0.55 mg (0.275 g/t) of visible gold particles. The particles were
extracted from volcaniclastic rocks that were heavily injected with rusty quartz veins. In
addition, the excavation of trench 10008 exposed the main geological fault line that runs
along the historic al placer gold channel on the Company’s St-Simon-Les-Mines
property.
Image 1: Binocular microscope image of the gold particle number 1
from Poulin trench - 10008 (photo INRS)
Patrick Levasseur, president and CEO of Beauce Gold Fields said, "This is the firs t
evidence associating bedrock gold with the main g eological fault line ." Mr Levasseur
further stated: "This 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."
Poulin Trenches: Under the supervision of Dr. Marc Richer-LaFlèche, Ph.D. Géo from
INRS, 14 trenches were dug and the exposed bedrock was cleaned with jets of water to
remove the overburden. Nine of the t renches were channel sampled . Four of the
trenches, 10008, 10009, 10015 an d 10016 showed the presence of volcaniclastic
bedrock extremely altered by the injection of rusty quartz veins and were therefore
channelled and bulk sampled. These trenches were su bject to high resolution
photogrammetric imagery and detailed geological and structural mapping. The vein ed
area is 2.5 to 3 m thick and has been observed in trenches 10008, 10009 and 10016.
Trenches 10008 and 10009 h ave shown the presence of faulted contact between
volcaniclastic rocks (north) and sedimentary rocks (south). The structural discontinuity
corresponds to a brittle (fragile) type fault associated with a non -cohesive cataclasite
(gouged zone) rich in small fragmen ts of quartz. This laminated 35 cm thick structure
dips to the south and follows a NE-SW direction. The observation of this structure in the
trenches seems to confirm the presence of a major fault detected for the first time by
geophysical surveys audiomagnetotelluriques (AMT) (BGF press releases of April 30
and October 3, 2019, and HPQ press relea se of May 11, 2017). For purpose of
restoring the sampling sites, the trenches were then buried and the surfaces smoothed
to allow natural reforestation.
Dany Boilard Explorations bulk sampled 275.70 kg of rock from trenches 10008 and
10009 and did the preparation of laboratory samples. The samples were crushed and
sieved to a particle size of -20 mesh. 32 samples were sent to the Activation Labs
laboratory (Ancaster, Ontario) for analys is. The g old particles, recovered from a 2 Kg
subsample, were sent to INRS to be weighed and analyzed using a Zeiss EVO® 50
smart SEM (SEM) scanning electron microscope coupled to an elementary
microanalysis system by X-ray energy dispersion spectrometry (EDS).
Highlights include
• Trench 10008: 145.60 kg of loose rock samples. 3 visi ble gold particles with a
total weight of 0.55mg (0.275 g/t) . Slight gold anomaly of 18 to 27 ppb on 16
samples with an average of 21.50 ppb, including gold particles 563 ppb. Exposed
geological fault.
• Trench 10009: 130.10 kg of bulk sampled rocks. No visible gold. Slight gold
anomaly of 13 to 32 ppb on 16 samples with an average of 22 ppb. Exposed
geological fault.
• Trench 10016: discovery of a 19th c entury placer gold mining shaft. Bulk
sampling. Material to be analyzed.
• Trench 10015: Bulk and channel sampled. Material to be analyzed.
• Channel samples from all other trenches returned no gold values.
The recovery of more bulk samples will be necessary given the nugget effect observed
in the samples. A large gold nugget can strongly bias the gold content of a sample from
which it comes from. Under these conditions, a larger volume of samples is necessary
to obtain a better representation of the gold content.
Image 2: Zone of fault and quartz veins exposed on the wall of trench 10008. West view. The
approximate positions of south and north are shown at the bottom of the photo.
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 Company’s flagship p roperty 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 in dicates 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