Apr 10 2014
AurCrest Gold Inc. (the "Company" or "AurCrest") is pleased to report that it has begun discussions with the Lac Seul First Nation and Cyr Drilling to work out a creative arrangement to train Lac Seul First Nations band members as certified drillers.
This solution to the current exploration market would continue the drilling for gold within the 'Jacquie-Girl' iron-formation discovered in 2012 on AurCrest's Richardson Lake Gold project. Due to the difficult market conditions, the Company's 2013 drill season was cancelled and there has not been any follow-up drilling on the discovery-hole announced in April of 2012 (see the Company's press release dated April 30, 2012).
The parties have agreed to work towards an arrangement that would commence a summer drill program in June of 2014 at Richardson Lake. A Cyr Drilling drill rig remains on the Richardson Lake Property and will be used to drill the Richardson Lake discovery without the Company incurring any mobilization costs. Equally as important, this will further the drill training, apprenticeship and certification of a number of Lac Seul band members, who have otherwise been unable to find certification/apprenticeship in these markets, and complete their training as qualified drill helpers.
Ian Brodie-Brown, President of AurCrest stated: "We would like to thank Lac Seul for bringing this creative approach to the Company and Cyr Drilling for participating in these talks. We believe these creative discussions will lead to an arrangement that will provide our shareholders with a new opportunity during these very difficult times in the exploration industry."
About AurCrest Gold Inc.
AurCrest Gold 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.
Source: http://aurcrestgold.com/