🚁Aurwest Resources Completes Induced Polarization Survey🚁 Receives New Rock Assays up to 14.2 g/t Gold at Paradise Lake, Newfoundland
Calgary, Alberta--(Newsfile Corp. - November 22, 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.
Paradise Lake Highlights:
- A 74 line-km deep penetrating Induced Polarization (IP) survey has been completed over the Paradise Lake gold project. Preliminary IP results identified structurally hosted disseminated sulfide over a 4.5 km strike length. These geophysical anomalies parallel two intrusions emplaced within the Botwood Group sediments.
- Rock sampling continues to locate significant gold mineralization in the vicinity of Paradise Lake. The most recent sampling has returned assays up to 14.22 g/t Au in quartz breccia, the highest yet from the property.
- Anomalous gold concentrations in boulders and sub crop occur over an 8-kilometer strike length and exhibit a strong spatial correlation with near surface IP anomalies. Out of 399 rock assays from Paradise Lake, 38 samples range from 100 ppb to 14.22 g/t Au.
- Drilling targets have been proposed and a phase I program of a minimum of 3,000 meters is being planned in early 2022 to target high-grade gold in rock samples that coincide with IP anomalies and the regional "Cape Ray Valentine Lake" shear zone.
Colin Christensen, President and CEO of Aurwest, commented, "Our 2021 program continues to locate significant gold-pyrite mineralization in the vicinity of Paradise Lake with recent results returning up to 14.22 g/t gold. Paradise Lake is located on the CRVL structural trend and our work to date has identified an 8 kms long structural corridor hosting significant gold-pyrite mineralization in the Botwood sediments and late-stage intrusive rocks associated with the CRVL. The recently completed IP survey over this structural corridor has successfully mapped the location and down dip extensions of these structurally controlled leakage halos characterized by gold-pyrite mineralization. Aurwest is planning an initial drilling program to test the depth of the mineralization in these leakage halos in early 2022."
The Paradise Lake gold project includes 23,600 hectares (804 claims) of contiguous ground situated within the Central Newfoundland Gold belt. Detailed airborne magnetic surveys completed in 2019 revealed several key geological structures that exhibit a strong spatial correlation with gold mineralization across the property.
At Paradise Lake, three linear, parallel intrusive bodies occur along these structural trends hosted in the Botwood Group sediments and Stony Lake volcanics indicating significant post sedimentary intrusive activity. Epithermal style quartz breccias have returned gold mineralization up to 14.22 g/t Au and is spatially associated with the intrusives.
Preliminary IP Results
The recently completed IP survey over the area of anomalous gold concentrations within the structural corridor has identified linear positive chargeability anomalies covering 4.5 kms associated with the intrusive bodies, disseminated pyrite and low-sulfidation epithermal and structurally controlled gold mineralization up to 14.2 g/t Au. This combination of results has led to several drill targets being identified for early 2022.
Exploration Model
The Paradise Lake Project is situated on the 450 km long, Cape-Ray-Valentine Lake ("CRVL") structural zone that is host to gold deposits including Valentine Lake, Cape Ray, Moosehead and Queensway. During orogenic events in Newfoundland, these primary and secondary structures were re-activated allowing late stage intrusives and hydrothermal fluids to emanate upward from deep seated faults in the basement rocks to form "leakage halos" within the overlying rocks including the Botwood Group sediments and Stony Lake volcanics. Various styles of quartz veining with associated sulfides (pyrite + arsenopyrite) and gold mineralization formed along these discrete structures. At Paradise Lake an intrusion of granodiorite likely belonging to the Mt. Peyton Intrusive suite is considered an important source for gold-bearing hydrothermal activity.
Mapping and Rock Sampling
Additional rock sampling at Paradise Lake has returned 14.22 g/t gold, the highest yet recovered on the property. A total of 39 rock samples greater than 100 ppb gold form an eight-kilometer trend surrounding Paradise Lake. These anomalous gold bearing boulders appear locally derived surrounding Paradise Lake. Quartz veining in brecciated sandstone and syenite coincide at the contact of two linear intrusions that emanate from beneath Paradise Lake. These are positive indications of "leakage halos" proximal to the CRVL structural zone.
Stony Caldera Project
A glacial till geochemical sampling program was completed on the adjoining Stony Caldera property. Analytical results for the 930 samples collected are expected in early 2022. Sampling was conducted across geological structures related to the CRVL structural zone. A similar strategy of till sampling and follow up prospecting at the Paradise Lake and Miguel's Lake project successfully identified trends of gold mineralization along these mapped structures. Out of the 1147 till samples collected at Paradise Lake and Miguel's Lake projects, 52 samples contained anomalous gold concentrations (>10ppb Au), five of which 51.1 to 1,114 ppb (1.11 g/t Au) gold. These target areas have been the focus of detailed sampling and IP geophysics.
Analytical Procedures
Sample preparation and analytical work was completed by Eastern Analytical ("Eastern") located in Springdale, Newfoundland Labrador. Gold concentrations were determined in parts per billion ("ppb") using 30g fire assay with atomic absorption finish. Trace elements concentration are determined in parts per million ("ppm") on 200 milligram samples, using four acid digestion and analyses by ICP-OES. Aurwest's QA/QC protocol includes insertion of Standard Reference Material and blanks in the sample streams. Eastern has an ISO/IEC 17025 accreditation.
Elmer B. Stewart, MSc. P. Geol., is the Company's independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2875-cse/awr/110887-aurwest-completes-induced-polarization-survey-receives-new-rock-assays-up-to-14-2-g-t-gold-at-paradise-lake-newfoundland.html