- Beauce Gold Fields (BGF) has identified an important Saddle Reef formation at its Beauce Gold Property
- The property is located in Saint-Simon-les-Mines, Quebec
- More than 60 grab samples were taken from stockworks and quarts veins along the axis of the Antiform
- In September, the company completed its first diamond drill program of 38 holes to test numerous high-priority targets on the property
- Beauce Gold is up 9.09 per cent, trading at $0.12, at 2:44 pm EST
Beauce Gold Fields (BGF) has identified an important Saddle Reef formation at its Beauce Gold Property.
The property is located in Saint-Simon-les-Mines, Quebec.
The 4-kilometre long Saddle Reef formation is along an Antiform Fold structure that runs parallel to the northeast and higher up the valley wall of the historical placer gold channel.
More than 60 grab samples were taken from stockworks and quartz veins along the axis of the Antiform.
“Our trenching and surveys have identified Saddle Reef formations that are associated with gold mineralization at the crest of Antiform Fold structures. Finding a long trending exposed Axis of an Antiform is an exciting discovery and we look forward to further exploring these structures,” said Beauce Gold Fields President and CEO Patrick Levasseur.
The structural pattern of Saddle Reef formations was observed near the Gilbert River and in the 2019-2020 trenches. It is repeated northwest of the property.
In September, the company completed its first diamond drill program of 38 holes to test numerous high-priority targets on the property. All the drill cores were logged and selected split drill core samples were sent to Actlab laboratory for analysis and for coarse gold processing.
Results from the program are taking longer than expected due to a significantly inordinate backlog at assay labs.
Beauce Gold is up 9.09 per cent, trading at $0.12, at 2:44 pm EST.