- Aurwest (AWR) provides an update on the Paradise Lake and Stony Caldera Gold Projects
- Completion of two phases of 18 holes totalling 3,796 m at Twin Ponds in Paradise Lake
- Surface mapping and prospecting collected 727 rock samples across all projects from June to September
- There was also a detailed petrographic report was completed on nine mineralized drill core samples by Vancouver Petrographic
- Aurwest Resources Corporation (AWR) is trading at C$0.05 at 9:30 am EST
Aurwest Resources Corporation (AWR) announced exploration results and initiated a detailed geological review of 2021 and 2022 exploration data.
The 2022 field activities were terminated in early November due to the onset of winter weather conditions.
Some highlights of the program were the completion of two phases of diamond drilling, including 18 holes totalling 3,796 m at Twin Ponds in Paradise Lake
For analytical purposes, surface mapping and prospecting collected 727 rock samples across all projects from June to September.
Six new target areas were discovered with anomalous gold (up to 4.03 g/t) and silver (up to 7.8 ppm).
Native gold occurs in the outcrop that returned 4.03 g/t Au.
A detailed petrographic report was also completed on nine mineralized drill core samples by Vancouver Petrographic.
Colin Christensen, President of the company, said, “Our exploration effort continues to locate new gold targets along a 50km long belt of potential gold-bearing structures associated with the Cape Ray Valentine Lake structural zone.”
“Our exploration efforts have located gold mineralization in the Twin Ponds area like the low grade “Intrusion Related” style gold mineralization like the Valentine Lake gold deposit located 114km southwest,” added Christensen.
The initial focus of the 2021 and 2022 programs was to collect airborne and ground survey data to guide prospecting, mapping and geochemical programs.
Shortly, the company will combine the results of these programs with the activities outlined below.
One new aspect will be re-processing and integrating airborne magnetic data.
Doing so will improve the project-wide structural modelling of primary and secondary fault structures.
Using the preliminary results of the petrographic study, re-logging of the drill core and select sampling for whole rock analysis to understand the origin of the intense alteration observed in the drill core and its significance in relation to the multiple intervals of gold mineralization intersected during the drilling.
Aurwest is a Canadian-based junior resource company focused on acquiring, exploring, and developing gold properties in Canada.
Aurwest Resources Corporation (AWR) is trading at C$0.05 at 9:30 am EST.