NEWS: 💰Aurwest Confirms Gold💰 Aurwest Completes Initial Till Sampling Program and Prospecting Confirms Gold Values up to 6.4 g/t Au at Paradise Lake, Central Newfoundland
Calgary, Alberta--(Newsfile Corp. - July 7, 2021) - Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to provide its shareholders with an update on its 2021 exploration program on its Paradise Lake gold project located in the Central Newfoundland Gold Belt.
Highlights:
a) The project wide glacial till sampling survey (1,899 samples) has been completed and samples sent in for analysis.
b) Rock sampling results have returned 11 samples with gold values ranging from 50 to 6,412 parts per billion ("ppb") gold (6.4 g/t Au).
c) The prospecting and mapping identified two areas of quartz veined, sulfide bearing (pyrite-arsenopyrite) sandstone. The sulfides occur as dissemination, in sulfide veinlets and with quartz veins.
d) A project wide glacial till sampling program has been approved by the Department of Industry, Energy & Technology Mineral Lands Division for the Stony Caldera project which is expected to get underway in August.
e) An application to the same government department to conduct a deep penetrating Induced Polarization surveys is in progress.
Colin Christensen, President and CEO of Aurwest commented; "We are in the early stages of the 2021 program and our exploration team has already located a number of locations that returned significant concentrations of gold and silver in sulfide and sulfide bearing quartz veins in sandstone along the interpreted surface trace of re-activated basement faults related to the Cape Ray-Valentine Lake structure."
Exploration Model:
The model has been developed to explore for structurally controlled, Orogenic and Intrusive styles of gold mineralization along the Cape-Ray-Valentine Lake ("CRVL") trend, and related secondary structures covered by sediments of the Botwood Formation. Post Botwood sedimentation, re-activation of these structures created "leakage halos" related to hydrothermal activity whereby gold bearing hydrothermal fluids emanated upward from the basement forming areas of quartz veins and veinlets with associated sulfides (pyrite + arsenopyrite) and gold mineralization in discrete areas along these structures.
Mapping and Sampling:
The mapping and sampling program; focusing on the surface trace of the CRVL and related structures has located, in addition to the historical gold concentrations, several samples with anomalous to high concentrations of gold, copper, nickel and silver. To date, analytical results for 85 rock samples have been received. Eleven (11) quartz veined pyritic sandstone samples yielded gold concentrations ranging from 50 to 6,412 (6.4g/t) ppb gold. Three samples returned silver concentrations ranging between 35.4 and 62.6g/t, two samples returned nickel concentrations of 855 and 1,200 parts (0.12%) per million ("ppm"), and two samples returned from 3,394 (0.339%) to 4,274 ppm (0.427%) copper. Two areas of pyrite and arsenopyrite bearing Botwood sediments have been located in the vicinity of Paradise Lake. The metal concentrations and sulphide bearing sandstones are interpreted to represent leakage halos, an indicator of hydrothermal processes at depth.
Glacial till Sampling Programs:
The glacial till sampling program has been completed over the Paradise Lake-Miguels Lake and Pistol Lake areas. Wide spaced, historical glacial till sampling programs previously identified 11 gold in till anomalies within these areas. These anomalies show strong correlation to narrow, linear positive magnetic features interpreted to be either deep seated faults and/or intrusive activity such as the large intrusive bodies in the vicinity of Paradise Lake. It is expected that the detailed sampling would better locate the sources of the gold anomalies and identify additional gold anomalies within these areas. Analytical results for the till sampling program will be released when available.
A project wide glacial till sampling program for the Stony Caldera project has been approved by the Department of Industry, Energy & Technology Mineral Lands Division, which is expected to get underway in August.