- Aurwest Resources (AWR) has filed its second quarter operating results
- The company recently completed a phase 2 drilling program in Central Newfoundland
- The company expects assay results from the drilling program in a couple of weeks
- Working capital was $0.864 million for the second quarter, which will fund ongoing 2022 field exploration programs
- Aurwest Resources is unchanged, trading at $0.07 at 2:17 pm ET
Aurwest Resources (AWR) has filed is second quarter operating results.
The Calgary-based junior resource company has completed a phase 2 drilling program in Central Newfoundland. The company expects assay results from the drilling program in a couple weeks.
Working capital was $0.864 million for the second quarter, which will fund ongoing 2022 field exploration programs.
“Aurwest is currently in the process of expanding the footprint in our extensive property land position in Central Newfoundland. We’ve completed Phase 2 of our drilling program which included seven holes (1,050m) and we are expecting assay results over the next couple of weeks. Geologists are currently opening up new areas for field exploration approximately 4.5km northwest of the Twin Pond area, where extensive mapping and sampling is taking place,” said President and CEO Colin Christensen.
On August 11, the company announced it acquired an additional 9,800 hectares of mineral claims in Central Newfoundland adjoining the north boundary of the Stony Caldera property.
On August 17, it announced it identified new gold targets northwest of the Twin Pond Phase 2 drilling location.
Aurwest Resources is unchanged, trading at $0.07 at 2:17 pm ET.