All ten Ditton samples contained coarse gold grains. The sampling was to further investigate gold in till anomalies along the southern section of the Bella Fault.
Ditton Sector
All 10 till samples taken from an operating gravel pit located near the town of
Sample SB16 showed the presence of a very coarse gold grain that measured more than 4mm.
In 1985, Cache Explorations undertook a series of overburden drill holes in the vicinity of the Ditton and
Chesham Sector
3 of the 29 sand and gravel samples of glaciofluvial material collected returned gold particles. The samples were collected from a sand pit quarry, which was active in the 1980s. The sand & gravel deposit covers an area of more than 6 hectares. It is located approximately 100m west of
Microscopic observations at 90x magnification of three gold particles showed delicate angular shapes suggesting little transportation and a proximal source. Of interest, a Fuchsite mineral crystal was also observed. The mineral fuchsite is often associated with orogenic gold mineralization.
Sampling was undertaken using a medium-sized excavator (approximately 30 tons). The thickness of the deposit varies between 1m to more than 8 meters deep. The maximum extension of the excavator's boom could not exceed 7m in depth therefore in some places, it could measure more than 8m. The sedimentary sequence of the entire deposit consists mainly of medium to fine sand from the top down to gravel at its base. The 2021 excavations at times reached, after having crossed the layers of sand-gravel, beds of clay, bedrock or a water table that would fill the trenches. In
All 39 samples were collected in 50 lbs buckets and sent to ExploLab in
About the Megantic Property
The Megantic property extends southwest to the
About
Comprising 152 contiguous claims and 7 real estate lots, the project area contains a six-kilometer long placer gold channel consisting of unconsolidated gold-bearing auriferous units of a lower saprolite and an upper brown diamictite.
The Company has identified a major Fault Line in bedrock that coincides with geophysical findings of an interpreted fault structure across the property, referred to herein as the AMT Shear. Evidence suggests the erosion of the AMT Fault or related splay fractures as a probable source of the historical placer gold channel, and has conducted bedrock sampling and geophysics outside the expression of the placer gold channel. This is the target of the current drill program.
Disclaimers
This press release contains certain forward-looking statements, including, without limitation, statements containing the words 'may', 'plan', 'will', 'estimate', 'continue', 'anticipate', 'intend', 'expect', 'in the process' and other similar expressions which constitute 'forward-looking information' within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding mineral exploration. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
Contact:
Tel: (514) 262-9239
Web: www.beaucegold.com
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