🔮AWR Identifies Early Gold Potential At Paradise Lake🔮Aurwest Resources Corporation (CSE: AWR) has had maiden success in recent exploration drilling at the Paradise Lake Project, central Newfoundland.
The company has received initial results for the first three drill holes completed as part of the eleven-hole drilling programme at Paradise Lake within the 4.5km long Cape Ray Valentine Lake corridor.
Highlights include:
- PL-22-01 intersected 2.50 g/t Au over 3.4 m, including 6.20 g/t Au over 0.9 m.
- Phase II commencing to further test priority targets on westside of Twin Ponds
“Our Paradise Lake gold property represents an exciting early-stage gold exploration project. Results to date on our first diamond drilling programme on the project has so far intersected a broad range of significant gold concentrations in the syenite intrusion associated with the Cape Ray-Valentine Lake structure,” President and CEO, Colin Christensen, said.
“Based on the early results of drilling so far, the exploration model that appears to be evolving is similar to that of the Valentine Lake gold deposit, which suggests the potential for a large tonnage lower grade deposit. The drilling so far has exhibited lower grade ‘Intrusion Related’ gold mineralisation with concentrations that are in line with this style of mineralisation.
“Based on the 2021 surface sampling results we are confident that there is also the potential for high-grade gold in this area as indicated by our surface sampling. Despite delays in receiving all the analytical results from the Phase I drill programme, Aurwest will continue with a modified Phase II drilling programme testing the interpreted extensions of the Phase I results received to date.”
The Phase I diamond drilling programmr consisted of 11 holes (PL-22-01 through PL-22-11) totalling 2,746m to test a broad range (0.05g/t to 144.7g/t gold) gold concentrations in outcrop/subcrop/float hosted in quartz veined/stockwork/breccia exhibiting a quartz-pyrite-arsenopyrite mineral association exposed in a syenite intrusive along the Cape Ray Valentine Lake structure.
Highlights:
- Hole PL-22-01 returned a 3.4m interval averaging 2.50 g/t gold over a core interval from 80-83.4m, including 0.9m of 6.20 g/t gold.
- Additional sampling of DDH Pl-22-01 has been completed to fill in open ended intervals of gold mineralisation.
- Drilling is expected to commence next week to continue testing priority target areas identified in 2021and interpreted extensions of the gold mineralisation identified to date.
- The 2022 mapping and prospecting programme is underway and focusing on the west side of the Twin Ponds-Paradise Lake area to determine the source of a large resistivity high outlined by the 2021 IP programme
https://www.theassay.com/news/aurwest-resources-identifies-early-gold-potential-at-paradise-lake/