Urban property 50/50 JV w/ AEL.v I noticed that the 50/50 J>V with Amesco Resources AEL.v on their websire states that Results are pening...
https://www.amsecoexploration.com/projects-gold.html
2012 Activities - Diamond drilling
Claims 100 % Amseco
- Anomalies PP : one drilling (210 meters) - Results expected soon
Claims held in joint venture with Beaufield Resources.
- Anomalies PP : Nine (9) drillings for a total of 2 211 meters - Results expected soon
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Metals of interests: Gold
Ownership: 50 % Beaufield, 50% buy-in option by Amseco Exploration
Location : 120 km east of the town of Lebel-sur-Quevillon - Accessible by road all year-round.
Surface area: 436 claim units covering a total area of 69.26 square km
Highlights :
- Property lies 5 km from Metanor’s Barry mine
- Gold bearing shear zone (Zone 18) deposit
- Mulitple gold showings through-out the property
Description:
The Urban property is located in the Abitibi area, at approximately 190 km Northeast of the town of Val d'Or and 120 km East of the village of Lebel-sur-Quevillon, Province of Quebec. The property consists 3 blocks of claims: Lac Rouleau block, Macho River block and Lac Kent block. All claims are 100% registered to Beaufield.
The general area is underlain by Archean Volcano-Sedimentary Urban-Barry belt (VSUBB) of the East Central part of the North Volcanic Zone of the Abitibi sub-province of the Superior Province. The underlying rocks of the Rouleau Lake claims consist mainly of altered silicified, sericitized, chloritized and carbonatized felsic to mafic volcanics with some minor sedimentary units and grabbroic intrusions.
Gold was initially discovered in the Urban-Barry Township Area in 1935 along the south shore of Lac Rouleau. This area was explored with trenching which uncovered a 15-metre wide carbonate zone with disseminated sulphides that reportedly ran 2.88 g/t Au over 10.33 m, and 2.19 g/t Au over 10.39 m across two sections corresponding to the actual showing No. 1.
Subsequent mapping and sampling by Honsberger-Stee in 1947 lead to the discovery of mineralization near the NE shoreline of Lac Rouleau near what later was to become the Showing No 2 area and the 17 Zone. A total of 81 drill holes for a total of 24,255.3 meters were subsequently drilled through to the end of 1988 to test IP targets and develop mineralization encountered in holes. This drilling led to the discovery of Zones 17 and 18 with holes 87-17 and 87-18 within the vicinity of Showings No 2 and No 3 respectively. Much of drilling and expenditures on the Rouleau Property were subsequently focused at Zones 17 and 18, which were drilled to vertical depths of 250 m and 400 m respectively.
The acquisition of Falconbridge interests in the property, by Kinross Gold Corporation, on August 29, 1996 lead to a revitalized exploration during 1997. Six holes (LR97-1 through LR97-6) for approximately 1,200 m were drilled between the 17 and 18 Zones to test the southern contact of the diorite with mafic volcanics and any silicified zones within the diorite. Several gold intercepts were previously noted along the southern diorite/mafic volcanic contact such as the 4.65 g/t 2 m within hole 101-72. In addition, a few silicified mineralized intercepts were previously detected within the diorite as in hole 87-63, which returned 27.53 g/t over 3.05 meters.
On March 4th 2010 Beaufield Resources Inc announced the signing of an option to purchase agreement with Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco") on its Urban-Barry Gold camp.
The agreement covers four hundred and thirty-seven (437) mineral claims in three (3) separate claim blocks covering an area of approximately 6,992 hectares located in sectors NTS 32G04 and 32B13. Parts of these claims make up Beaufield's Lac Rouleau Lac Kent and Macho River gold projects. Amseco can acquire a fifty percent (50%) interest by performing a total of $1,980,000 of exploration work on the Option Property within forty-eight (48) months from the date of regulatory approval of the transaction..