“High-Grade Gold Deposit at Grondin Outcrop: Silver Content at 85%, Gold at 15%” – TradingView Update

(TheNewswire)

June 13, 2024 – TheNewswire – Montreal, Quebec, Canada – Beauce Gold Fields (Champs D’Or enBeauce) BBGF, known as “BGF” or the “Company,” is excited to announce the chemistry results from a scan electron analysis of gold grains recovered from the bulk sampling of the Grondin antiform outcrop on the Company’s Beauce Gold property, located in the Beauce region of southern Quebec. The analysis reveals that the gold grains consist of 15% silver and 85% gold.

Patrick Levasseur, President and CEO of Beauce Gold Fields, expresses, “With the recent significant rise in the price of silver, the discovery of silver in the gold grains and in drill cores marks a major milestone in our exploration efforts. The positive correlation of bedrock silver to silver in gold placers also provides valuable insights into the origins of our historic placer gold deposit.”

Additional Insight: The discovery of silver in the gold grains not only signifies an important milestone but also hints at the economic viability of the project with the recent price surge in silver.

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Image: Grondin Outcrop Gold Grains, Axis of Antiform,

GEOX Inc. was commissioned by the Company to characterize the chemistry of several gold grains recovered from a bulk sample of the Grondin antiform outcrop (BGF press release March 20, 2024).

Insight: The collaboration with GEOX Inc. for the analysis underlines the meticulous approach of Beauce Gold Fields in understanding the composition of the recovered gold grains.

The SEM-EDS analyses reveal that the gold grains averaged 85.05% gold (Au), 14.74% silver (Ag) with a fineness of the gold grains (calculated as 1000 * Au / (Au + Ag)) ranging between 820 and 870. The silver content is relatively consistent. Half of the samples contained trace elements of Cd and Hg.

Additional Insight: The presence of trace elements and consistent silver content in the gold grains indicate a complex geological history and potential sources for the mineralization.

The 14.75% silver content of the Grondin grains from the bedrock outcrop is comparable to the silver recovered from past placer gold mining operations 3 km to the southeast. Historical receipts indicate an average silver to gold content of 13% and an 1863 Geological Survey of Canada report recorded a silver to gold content of 12.54%.

Insight: The comparison with historical data provides a valuable context for understanding the mineral composition and supports the exploration efforts to trace the sources of the placer gold.

Mineralized zones from the Grondin diamond drill cores reported anomalous silver levels averaging 0.79 ppm. By consolidating the silver content with the gold zone intersects, which averaged 3.33 g/t of gold, a silver to gold ratio of 23.68% is achieved.

Additional Insight: The variation in silver content between the drill cores and gold grains indicates the impact of weathering and transport processes on the mineralization, shedding light on the geological evolution of the region.