A 12 months in the past, trenching recognized a number of gold-bearing bedrock buildings 25 metres from the placer gold channel and inside 10 metres of a not too long ago found main fault line.
In 2021, 38 diamond drill holes have been bored within the first program on the property. The corporate noticed small grains of seen gold in cores from gap SM-21-08. The cores have been logged and break up and despatched for assays, however the outcomes haven’t been obtained.
Beauce not too long ago raised C$436,800 with which to proceed exploring.
The St-Simon-Les-Mines property holds the biggest historic placer gold deposit in jap North America, says Beauce.
The historic channel could include as a lot as 61,000 oz. of gold in 2.2 million cubic metres grading 0.87 gram gold per cubic metre (not 43-101 compliant). There are one other 2.2 million cu. metres at 5.22 grams gold per cubic metre. A earlier proprietor secured permits for trial placer mining.
(This text first appeared within the Canadian Mining Journal)