Beauce Gold Fields's Profile

Beauce Gold Fields is focused on placer to hard rock exploration in the Beauce region of Southern Quebec. The St-Simon-les-Mines Gold project hosts a 7 kilometer long placer channel. Beauce has also identified a major Fault Line that coincides with an interpreted fault structure across the property. Evidence suggests the erosion of the Fault Line as a probable source of the historical placer gold channel. The Company has identified a major Fault Line that coincides with an interpreted fault structure; erosion of the Fault Line is the probable source of the historical placer gold channel.
Beauce Gold Fields
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BGF
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TSX-V
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45,056,495 Sept. 2021
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Metals & Minerals
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Beauce Gold Fields's Bulletin

Beauce Gold Fields (Champs D'Or en Beauce) (TSXV: ¨BGF¨),("BGF"), is pleased to announce it has commenced a 20 holes 4,000 meter diamond drill program to test a series of high-priority targets on the Company's Beauce Gold property located in Saint-Simon-les-Mines, Quebec. Patrick Levasseur, President and CEO of Beauce Gold Fields said, "This will be the first significant diamond drill program that this historical placer gold property has ever witnessed." Mr. Levasseur added: "We look forward to building our understanding of the recently discovered mineralized structures and fault line and how this can lead us to a possible lode gold discovery." St-Gustave Targets The St-Gustave targets centres around the axis of the Rang St-Gustave road and the Gilbert river. Drilling will test multiple gold bearing bedrock structures discovered by the Company's recent trenching. BGF geologists interpret these structures as NE-SW splays off the main fault line structure which was identified using AMT surveys in 2018 carried out along the Chemin du Rang St-Gustave (the "AMT Fault"). Notably, the AMT Fault is sub-parallel to the placer channel and the splays appear to cross a N-S section the Placer Channel. (see company news releases of May 12, 2021). Historical Placer Gold Channel Targets The Beauce Gold property contains a six kilometre long historical placer channel consisting of unconsolidated gold-bearing auriferous units of a lower saprolite and an upper brown diamictite. Western sections of the channel has been the subject of historic placer gold production from 1860 to 1912 via underground drifts and in the East by a major gold dredging operation in the 1960s. Analysis of all historical overburden drill logs drilled into the placer gold channel (see company news releases of January 21, 2021) indicates sections of possible bedrock mineralisation. Diamond drilling will test targets along a two kilometre stretch of channel that aligns with the 1959 Churn Drill holes lines of L15-400 to L23-200 and to the 1980s RC drill holes of G-49 to G-70. The drill program will be supervised by Jean Bernard, B,Sc. Geo supported by a highly experienced team of drillers working two shifts, 24/7. Marc Richer LaFlèche, Ph.D., Geo., of INRS is an independent advisor to the Company for the drill program as well as the ongoing exploration of the Beauce Gold property. Other corporate news In accordance with the agreement between BGF and Agora Internet Relations Corp., entered into on August 1, 2020 for the term ending July 31, 2021, BGF board has approved the issuance of 86,923 common shares at a deemed price of $0.13 per share to pay $11,300 for services rendered for the period ending October 31, 2020. The BGF Board has also approved the issuance of 80,714 common shares at a deemed price of $0.14 per share to pay $11,300. for services rendered during the period from November 1, 2020 to January 31, 2021and the issuance of 53,809 shares common shares at a deemed price of $0.21 per share to pay $11,300. for services rendered during the period from February 1, 2021 to April 30, 2021. Each share issued pursuant to the debt settlement will have a mandatory four (4) month and one (1) day holding period from the date of closing. This transaction is subject to the TSX Venture Exchange approval. About Beauce Gold Fields Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration in the Beauce region of Southern Quebec. The Company's flagship property is the St-Simon-les-Mines Gold project site of Canada's first gold rush that pre-dates the Yukon Klondike. The Beauce region hosted some of the largest historical placer gold mines in Eastern North America that were active from 1860s to the 1960s It produced some of the largest gold nuggets in Canadian mining history (50oz to 71oz). The intent of Beauce Gold Fields is to trace the placer gold workings back to the bedrock source and uncover economic bedrock gold mineralization. Comprising 152 contiguous claims and 7 real estate lots, the project area contains a six kilometer long placer channel consisting of unconsolidated gold-bearing auriferous units of a lower saprolite and an upper brown diamictite. The Company has identified a major Fault Line in bedrock that coincides with geophysical findings of an interpreted fault structure across the property, referred to herein as the AMT Shear. Evidence suggests the erosion of the AMT Fault or related splay fractures as a probable source of the historical placer gold channel, and has conducted bedrock sampling and geophysics outside the expression of the placer gold channel.
    Beauce Gold Fields (BGF: TSXV) is going to discover where the gold from Canada’s first historical placer gold rush came from. Beauce is very close to locating the hard rock source that created Canada’s first gold rush. The area Beauce controls produced the largest gold nuggets in Canadian mining history (50oz to 71oz) and if these nuggets were to be found today each would be worth over $100,000 at today's gold price. Beauce controls 100% of the 6km trend where the first gold rush in Canada occurred and is very close to finding the source of Canadas first gold rush through drilling in 2021.   The presence of alluvial (surface) gold is a great indicator for a modern exploration company to search for the source. It is an indication of a large gold source close by and Beauce has proven this with a Paleoplacer Resource that is one of the largest un-mined Paleoplacer deposits in North America. If successful Beauce will be able to prove a major discovery and the lode source for all surface gold ever found at the Beauce Gold Fields project area, while potentially developing an increasingly economic paleoplacer surface deposit. 3 Reason Why Beauce is Going is to Find The Hard Rock Source of Canada’s First Gold Rush 1.    Multiple Peers Have Already Proven The Exploration Model Works After decades of being overlooked, recent hard rock gold discoveries in the Yukon’s placer fields has led to a modern gold rush with major gold companies such as Goldcorp, Kinross, Barrick & Newmont investing hundreds of millions in Yukon juniors. Osisko Gold Royalties has invested $33 million in Barkerville alone.  An easy peer review demonstrates the unexplored value that is a soon to be attraction to investors looking to capitalize on a proven exploration model, in an area without competition from peers that Beauce completely controls. An area that is waiting for a discovery to made. Other companies have been very successful in leading the way for Beauce to demonstrate that placer gold has to come from a source, a source that is often superior to that which has already been found on surface. 2.    The Project Area Has Seen No Modern Drilling For A Hard Rock Source. Beauce controls the entire area, a 6 km long gold anomaly and fault zone The project area hosts a six-kilometer-long unconsolidated gold-bearing sedimentary unit.  There is gold in saprolite that indicates a close proximity to a bedrock source of gold along with the recent discovery of a fault underneath the historical gold placers, providing possible further exploration discoveries. All the signs point to a future drill program taking place. Gold nuggets, geology, fault, angular gold – all point to finding the lode source (where it all came from) Beauce controls an area that has never been systematically drilled for the hard rock source. Investors in 2021 are eagerly anticipating a drill announcement. 3.     Beauce Already Has A Paleo Placer Gold Resource Total gold potential ranges between 61,000 ounces to 366,000 ounces and is documented through the companies Beauce Paleo placer Project Business Model for Placer Mining (2015). The Company has calculated a Gold Exploration Target for the entire historical placer channel ranges between 61,000 ounces (2,200,000 m3 @ 0.87g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3). If you think this is insignificant at first glance, the 2015 report pegs the all-in cost at US$630/oz at $1250 gold. Today gold is at $1900. The increase in the price of gold vastly improves the economic potential and development of the Beauce Paleoplacer deposit. The cost to build the mine is only $8 million. This based of off a 2015 gold price of $1250 and an 8-year mine life that upon ccommencement of full-scale production the annual gold output should be between 8,000 oz. (base case) and 24,000 oz. This can generate annual cash flow between $6.5M (base case) and $25 Million. The operation is capable of producing around 40,000 oz per year within 4 years of commencing production. At $1900 dollar gold, a modest 4000 ounces produced increases the revenue to $7.6 million from $6.5. At 24,000oz’s of production the revenue jumps to $45million.  Enough to build a company, and certainly enough to fund exploring for where it all came from. Click Here To Discover The Next Small Cap Canadian Gold Exploration Success Story  v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} Normal 0 false false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0in; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;}