AurCrest Gold purchases outstanding 2% NSR on Richardson Lake Gold Property and provides update of field work at Ranger Lake Gold Property
Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
AurCrest Gold purchases outstanding 2% NSR on Richardson Lake
Gold Property and provides update of field work at Ranger Lake
Gold Property
NEWS RELEASE FOR IMMEDIATE RELEASE
DECEMBER 14, 2020 TSXV Symbol: AGO
Toronto, Ontario, December 14, 2020 - AurCrest Gold Inc. (the “Company” or “AurCrest”) (TSX-V:
AGO) is pleased to announce the it has purchased the 2% net smelter returns royalty on the Richardson
Lake Gold Property in consideration for the payment of $60,000. The Company now holds a 100%
interest in the property.
The Richardson Lake Gold Property, within the Birch-Uchi Greenstone Belt in the Red Lake Mining
District, is a core asset for the Company and the focus of several past exploration programs.
The Company also wishes to advise that the geochemistry field program announced by the Company on
November 17, 2020 has been completed, and that all samples have been submitted to Activation
Laboratories Ltd. (“ActLabs”) for Spatiotemporal Geochemical Hydrocarbon (“SGH”) exploration
geochemistry analytical services. The completed field program and pending analysis have been intended
to provide further delineation of gold targets previously identified by the proprietary CARDS AI data
acquired from Windfall Geotek Inc. (“Windfall”), as announced by the Company on September 2, 2020.
The CARDS AI data indicates that the Company’s Ranger Lake Gold Property encompasses several high
priority gold targets. The ActLabs SGH analysis will build further guidance for a drill program on the
property anticipated for Winter 2021.
AurCrest Gold is a leader in the First Nations advancement into shared participation and inclusion in the
regional mining opportunities and counts as its board of directors and management, past and present,
many indigenous business and cultural leaders. AurCrest is proud to play a leading role in the gold
exploration of Northwestern Ontario, especially in the Birch-Uchi Greenstone Belt and the Red Lake
mining district, as it forges new business relationships between Canada’s founding cultures.
ABOUT AURCREST GOLD INC.
AurCrest is a mineral exploration company focused on the acquisition, exploration, and development of
gold properties. AurCrest has a portfolio of properties in Ontario, which include the Richardson Lake and
Bridget Lake gold properties.
FOR FURTHER INFORMATION PLEASE CONTACT:
AurCrest Gold Inc.
Christopher Angeconeb Ian Brodie-Brown
President and C.E.O Director of Business Development
(807) 737-5353 (416) 844-9969
[email protected] [email protected]
2
Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future
plans and objectives of the Company are forward looking statements that involve various risks. The following are important
factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward
looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral
exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the
uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as
actual results and future events may differ materially from those anticipated in such statements. AurCrest undertakes no
obligation to update such forward-looking statements if circumstances or management’s estimates or opinions should change.
The reader is cautioned not to place undue reliance on such forward-looking statements.
Neither 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.