- Beauce Gold Fields has acquired a trove of never before published exploration data by the Beauce Placer Mining company
- The Beauce Placer Mining company operated from 1957 to 1965 on the company’s Beauce Gold property located in Saint-Simon-les-Mines, Quebec
- Beauce Gold Fields acquired this exploration data from a private collector
- Some of the highlights from the document include a total of 344 drill logs
- Beauce Gold Fields opened at C$0.12 per share
Beauce Gold Fields (BGF) has acquired a trove of never before published exploration data by the Beauce Placer Mining company.
The Beauce Placer Mining company operated from 1957 to 1965 on its Beauce Gold property located in Saint-Simon-les-Mines, Québec.
Beauce Gold Fields acquired this exploration data from a private collector.
Beauce Gold Fields President and CEO Patrick Levasseur said this discovery effectively triples the overburden drilling data that will give the company an unprecedented overview of the placer channel.
“The data will have a profound impact in orientating our future rock drilling program to uncover the source of the gold placers,” Levasseur said.
From 1957 to 1965, the Beauce Placer Company was the largest placer gold mining operation in eastern North America. Yet, there was little documentation available of the work completed during that period.
Historical reports found on the Government of Québec’s geology and mining data registry consist of brief summaries and observations. Missing information included drill hole logs and subsequent results, geophysics data, field surveys, compilation maps and all aspects pertaining to the dredge mining operation itself. This information from the private collector now fills in these holes.
According to the private collector, the documents originated from a field office the Beauce Placer Mining Company occupied in Beauceville, Québec. The office was abandoned in the 1970s, leaving behind filing cabinets full of documents.
The documents were given to the collector, a businessman from St-Simon-les-Mine. Being an avid antique collector, he recognized the importance of preserving historical documentation about his town’s heritage.
Some of the highlights from the documents include a total of 344 drill logs from seven-inch wide overburden drill holes down to bedrock in areas such as the Gilbert River and Riviere Du Loup.
The exploration information will be integrated with other historical data described in the company’s Beauce July 4, 2018, 43-101 report to create a comprehensive overview for analysis.
For example, BGF reported 97 historical overburden drill holes–78 RC drill holes by Coniagas and Macamic plus 19 sonic drill holes by the Geological Survey of Canada and Uragold–along the St-Simon-les-Mine placer gold channel.
Adding the 252 Beauce Placer Mining Company overburden drill holes will result in 349 holes of overburden drilling for an unprecedented overview of the placer channel.
The company has started tabulation of the results and will compare them to other data collected to determine any bedrock source drilling priorities.
Beauce Gold Fields opened at C$0.12 per share.