- Aurwest Resources Corp. (AWR) has acquired an additional 98 km2 of mineral licenses next to the Stony Caldera and Paradise Lake gold projects in Newfoundland
- The area is highly prospective for gold mineralization within the Cape Ray-Valentine Lake corridor
- The four additional mineral licenses referred to as the “North Rim Stony Caldera” project covers 98 km2, Bringing Total to 576 km2
- Aurwest Resources Corp. (AWR) is up 6.67 per cent and is trading at C$0.08
Aurwest Resources (AWR) has acquired an additional 98 km2 of mineral licenses next to the Stony Caldera and Paradise Lake gold projects in Newfoundland.
The area is highly prospective for gold mineralization within the Cape Ray-Valentine Lake corridor.
The four additional mineral licenses referred to as the “North Rim Stony Caldera” project covers 98 km2, bringing the total to 576 km2, which were included within an Area of Mutual Interest as part of the original Option Agreement to earn a 100 per cent interest in the Stony Caldera Project.
The Twi-lite property with reported gold values up to 202 g/t gold is located roughly 2.5 km northeast of the claim boundary.
The company’s President and Chief Executive Officer, Colin Christensen stated that this acquisition consolidates the project areas into one large contiguous land package and significantly expands our coverage of the interpreted Cape Ray-Valentine Lake structural corridor in central Newfoundland.
“The new claims are adjacent to the Stony Caldera and Paradise Lake projects and covers the interpreted southwest extension of the Twi-lite gold property located approximately 2.5km to the northeast. The new claim group is easily accessible by a logging road which transects the property.”
Aurwest is a Canadian-based junior resource company focused on the acquisition, exploration, and development of gold properties in Canada.
Aurwest Resources Corp. (AWR) is up 6.67 per cent and is trading at C$0.08.