TORONTO, ON / ACCESSWIRE / November 16, 2020 / AurCrest Gold Inc. (the "Company" or "AurCrest") (TSXV:AGO) is pleased to announce the commencement of a soil sampling program at the Company's Ranger Lake Gold Property, intended to test targets identified through recent data acquisition. The Ranger Lake Gold Property consists of 60 single cell claims covering approximately 1,220 hectares east of Balmertown ON, held 100% by the Company.
The Company has chosen to utilize Activation Laboratories Ltd. ("ActLabs") Spatiotemporal Geochemical Hydrocarbons ("SGH") exploration geochemistry analytical services to provide further delineation of gold targets previously identified by the proprietary CARDS AI data acquired from Windfall Geotek Inc. ("Windfall") (TSX-V: WIN), as announced by the Company on September 2, 2020. The SGH soil sampling and analysis will build further guidance for a drill program anticipated for Winter 2021.
The SGH process is capable of analyzing soil, rock and core (after milling), peat, vegetation, fully submerged lake sediments and even snow from a very wide variety of climates. Furthermore, an SGH survey is unique in geochemistry as it can use a mixture of different sample types in the same survey, with no requirement for data leveling for samples taken in swampy conditions (i.e. Humus samples) to samples of till or soil from drier areas.
The CARDS AI data has been developed by Windfall's multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The data combines available public and private datasets including geophysical, drill hole and surface data, and the algorithms designed and employed by Windfall are calculated to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization. The CARDS AI data indicates that the Company's Ranger Lake Gold Property encompasses several high priority gold targets.
AurCrest Gold is a leader in the First Nations advancement into shared participation and inclusion in the regional mining opportunities and counts as its board of directors and management, past and present, many indigenous business and cultural leaders. AurCrest is proud to play a leading role in the gold exploration of Northwestern Ontario, especially in the Birch-Uchi Greenstone Belt and the Red Lake mining district, as it forges new business relationships between Canada's founding cultures.
About AurCrest Gold Inc.
AurCrest is a mineral exploration company focused on the acquisition, exploration, and development of gold properties. AurCrest has a portfolio of properties in Ontario, which include the Richardson Lake and Bridget Lake gold properties.
FOR FURTHER INFORMATION PLEASE CONTACT:
AurCrest Gold Inc.
Christopher Angeconeb
President and C.E.O
(807) 737-5353
[email protected]
Ian Brodie-Brown
Director of Business Development
(416) 844-9969
[email protected]
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. AurCrest undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: AurCrest Gold Inc.