Beauce Gold Fields announced chemistry results from a scan electron analysis of gold grains recovered from the bulk sampling of the Grondin antiform outcrop on the Company's Beauce Gold property, located in the Beauce region of southern Quebec. The analysis indicates that the gold grains contain 15% silver and 85% gold. GEOX Inc. was commissioned by the Company to characterize the chemistry of several gold grains recovered from a bulk sample of the Grondin ant uniform outcrop.

The gold grains were mounted on a polished thin section by VanPetro /Vancouver Petrographics Ltd. The grains were observed with a petrographic microscope and analyzed with a scanning electron microscope (SEM) and Energy Dispersive X-ray (EDS) at IOS Services Geoscientifiques Inc. Each EDS analysis contains 2 million effective counts, a process time aimed at the best spatial resolution, and a dead time of less than 55%. The SEM-EDS analyses indicate that the gold grains averaged 85.05% gold (Au), 14.74% silver (Ag) with a fineness of the gold grains (calculated as 1000 * Au /(Au + Ag)) ranging between 820 and 870. The silver content is relatively homogeneous.

Half the samples contained trace elements of Cd and Hg. The grains contained no copper and no electrum. The 15% silver content is typical of orogenic environments however the absence of detectable copper points to a source with a particular chemistry.

The 14.75% silver content of the Grondin grains from the bedrock outcrop is comparable to the silver recovered from past placer gold mining operations 3 km to the southeast. Historical receipts from the Royal Canadian Mint for the 1960s Beauce Placer Mining dredging operation indicated an average silver to gold content of 13%. An 1863 Geological Survey of Canada report by T. Sterry Hunt recorded a silver to gold content of 12.54%.

Mineralized zones from the Grondin diamond drill cores reported anomalous silver levels averaging 0.79 ppm. By consolidating the silver content with the gold zone intersects, which averaged 3.33 g/t of gold, the company achieved a silver to gold ratio of 23.68%. The lower silver content in the Grondin outcrop gold grains and in the historical placer production, compared to the silver disseminated in Grondin drill cores, suggests loss attributed in part to weathering and dissolution of the metal during transport.

The similar in situ silver content in Grondin gold grains to the placer gold suggests detrital transport of gold particles, adding support to the idea that mineralized antiform structures are the genesis of the historic placer gold deposits. According to the GEOX study, compared to grains from different mineralized zones, the gold in the Grondin sample has an silver content similar to that of gold from alkaline porphyry-type mineralizations. This sample likely comes from an orogenic gold-type mineralization.

Epigenetic gold deposits formed in an orogenic context offer a wide variety of lithological hosts. Orogenic-type gold deposits account for more than 30% of the world's gold production. These deposits show a significant spatial association with dilation structures.

These structures, which serve for the precipitation of economic substances from hydrothermal fluids, are varied and include anticline fold hinges, fractures associated with competency contrasts between units, and fault intersections.