Aug 19 2014
AurCrest Gold Inc. is pleased to announce that the follow-up drill program to the March 2012 Richardson Lake gold discovery has commenced.
The Company is drill testing interpreted shear zones originally discovered in hole RL-12-07 associated with a two kilometre long folded iron formation which has been identified as gold bearing from both surface sampling, and the above-mentioned drillhole (see news releases dated April 30, 2012 and June 5, 2012). The Company intends to drill up to four holes for a total of 1,600 metres in this program. Preliminary results are expected in mid-September.
The recently flown airborne magnetic survey has defined a second interpreted iron formation to the west approximately eight kilometres in length. These formations are collectively what was previously identified as the Jacquie-Girl Iron Formation. The Richardson Lake formation will remain identified as the Jacquie-Girl and the western formation will now be known as the Western Fold.
Trevor Boyd, P.Geo., Vice-President of Exploration, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release in compliance with National Instrument 43-101.
Source: http://aurcrestgold.com