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Gold Inventory Information – Beauce Gold Fields (TSXV: BGF) Preliminary Outcomes Point out Gold Grains Extensively Distributed Throughout the Ditton Placer Channel and Quarry

Montreal, Quebec – January 19, 2023 (Newsfile Corp.) (Investorideas.com Newswire) Beauce Gold Fields (TSXV: BGF) (Champs D’Or en Beauce), (“BGF” or the “Firm”): is happy to announce it has obtained preliminary outcomes for the Ditton Gold challenge positioned close to the city of Chartierville within the southern Megantic area of Quebec. Outcomes point out that the gold grains are broadly distributed throughout the placer channel and within the pit of the Ditton sand & gravel quarry.

Patrick Levasseur, President and CEO of Beauce Gold Fields, mentioned, “Discovering gold grains over such a big space is robust indicator that the Ditton placer gold channel might of serious dimension.” Mr. Levasseur additional said, “Our goals are to guage the potential for an financial placer gold deposit and to search out indications that might result in future bedrock lode gold discoveries.”

Picture 1: Coarse gold grains trench pattern SB-101 and bulk Pattern T-13-4. Two samples taken from the quarry ground of the Ditton sand & gravel pit; Ruler scale 1mm

Ditton Sector Exploration Replace:

In the summertime and fall of 2020, the Firm accomplished a 180 bulk sampling program to check the quaternary and tertiary until overburden collected alongside the Ditton placer channel recognized by the summer time geophysics survey, the Chesham sand & gravel deposit, in addition to the Emberton sector and different high-priority targets. It additionally included samples dredged from 3 Ditton sand & gravel quarry trenches. (BGF press launch 2022-10-18).

Preliminary outcomes point out gold particles of various sizes have been noticed in 6 meters deep of sedimentary layers of floor deposits above the placer channel recognized (See Maps Picture Rang Dix est and Rang Dix Ouest, Gold showings indicated by yellow squares). This system additionally confirmed that layers of until overburden carrying placer gold now prolong to greater than 1000 meters to the northeast and probably greater than 400m large. It additionally means that the gold zone is open to the northeast and the southwest of Rang Dix street.

BGF Ditton Map West

BGF Ditton Map East

Within the fall of 2022, 10 sonic drill holes have been accomplished, positioned over a 600-meter section of the Ditton placer channel. The deepest gap drilled via overburden in bedrock was 39.6 meters deep, the shallowest being 13.7 meters for a complete size of 272.9 meters. The drilling efficiently recovered 270 meters of 6-inch core samples, permitting the characterization of quaternary and tertiary overburden layers and bedrock geology.

The working Ditton (Blais) quarry, which was excavated out of greater than 20 meters deep in unconsolidated glacial until deposits, is positioned simply north of Vary X and about 300m southeast of the presumed Ditton placer channel. Current samples taken from the quarry ground have been in touch with sheared volcanic rock. They demonstrated the presence of serious gold (Samples SB-101, T-13-4). A number of grains of gold as much as 3mm in size are coarse and delicate and extracted from cemented brown tertiary gravel. Different coarse gold grains have been taken from gravel at numerous areas on the quarry ground.

All bulk and drill core samples have been lowered to heavy mineral concentrates. Gold grain depend, weight, and characterization are nonetheless in progress on the Coalia Laboratory in Thetford Mines, Quebec. The heavy mineral concentrates are despatched to a laboratory to assay for non-visible gold. The mixed outcomes of the assays and weighted gold per pattern shall be reported in grams per cubic meter.

Jean Bernard, B,Sc. Geo., is a certified particular person, as outlined by NI 43-101, who has reviewed and authorized the technical info introduced on this launch.

About The Ditton Placer Channel

The placer channel is within the city of Chartierville, Quebec. The channel is 4 km east of the historic Mining Brook placer gold mine and 6 km northwest of the US New Hampshire border. It is usually positioned 115 km south of the Firm’s Beauce Gold challenge in St-Simon-Les-Mine.

A sampling program by the Firm recovered gold from each pattern taken all through the Ditton quarry (BGF press launch January 20, 2022) introduced in regards to the discovery of the Ditton placer gold channel. Additional insights have been gained from the examine of 1980’s historic exploration experiences of the regional geology that exposed that the quarry was an excavated pit of an Japanese lip of an uncovered layer of a Tertiary placer channel. (GM42843).

Potential for Lode Gold Discoveries

The gold particles from the Ditton sand quarry confirmed delicate angular shapes suggesting little transportation. A proximal bedrock supply of the placer channel might be from the eroded Japanese flank of the valley wall. The bedrock lithology holds a contact level between altered volcanic rock and schist rock. Historic surveys indicated robust magnetic lineaments beneficial to internet hosting gold-bearing quartz lenses.

The Bella Fault line is estimated to run alongside strike 1 km east of the placer channel the place Cache Exploration in 1985 put down 3 diamond drill holes (DDH) alongside Rang Dix street to check a powerful shear zone. The holes intersected andesites containing quite a few quartz stringers mineralized with pyrite and far tourmaline. Of curiosity, within the drill log for DDH quantity S-2 states that seen gold was famous at 240 meters (GM42843). Cache didn’t full the advisable follow-up drilling to check this anomaly.

Jean Bernard, B,Sc. Geo., is a certified particular person as outlined by NI 43-101 who has reviewed and authorized the technical info introduced on this launch.

About Beauce Gold Fields

Beauce Gold Fields is a gold exploration firm centered on placer to exhausting rock exploration within the Beauce area of Southern Quebec. The Firm’s goal is the hint outdated placer gold workings again to a bedrock supply to uncover financial lode gold deposits. The Firm’s flagship property is the St-Simon-les-Mines Gold challenge website of Canada’s first gold rush that pre-dates the Yukon Klondike. The Beauce area hosted among the largest historic placer gold mines in Japanese North America that have been energetic from 1860s to the Sixties It produced among the largest gold nuggets in Canadian mining historical past (50oz to 71oz). (Supply Sedar: 43-101 Report – Beauce July 4th 2018, , Creator B. Violette)

Beauce Gold Fields web site www.beaucegold.com

Disclaimers:

This press launch incorporates sure forward-looking statements, together with, with out limitation, statements containing the phrases “might”, “plan”, “will”, “estimate”, “proceed”, “anticipate”, “intend”, “count on”, “within the course of” and different related expressions which represent “forward-looking info” inside the which means of relevant securities legal guidelines. Ahead-looking statements replicate the Firm’s present expectation and assumptions, and are topic to numerous dangers and uncertainties that might trigger precise outcomes to vary materially from these anticipated. These forward-looking statements contain dangers and uncertainties together with, however not restricted to, our expectations concerning mineral exploration. Such statements replicate the present views of the Firm with respect to future occasions and are topic to sure dangers and uncertainties and different dangers detailed from time-to-time within the Firm’s on-going filings with the securities regulatory authorities, which filings will be discovered at www.sedar.com. Precise outcomes, occasions, and efficiency might differ materially. Readers are cautioned to not place undue reliance on these forward-looking statements. The Firm undertakes no obligation to publicly replace or revise any forward-looking statements both because of new info, future occasions or in any other case, besides as required by relevant securities legal guidelines.

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.

For additional info contact

Patrick Levasseur, President and CEO Tel: (514) 262-9239
www.beaucegold.com

Extra Data:

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