- Beauce Gold Fields (BGF) has geolocated and mapped the Prospector Paquette’s collection of never-before-published historical exploration data
- The Prospector Paquette’s collection consists of gold and rock samples, heavy mineral concentrates, numerous documents and maps compiled by Paquette and others
- The historical maps were plotted using Modified Transverse Mercator (MTM) coordinate system
- Furthermore, the company plans to complete a non-brokered private placement of up to 5 million units at a price of $0.6 per unit for gross proceeds of up about $300,000
- Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration
- The share price of Beauce Gold Fields Inc. was unchanged at $0.075 at 10:03 AM ET
Beauce Gold Fields (BGF) has geolocated and mapped the Prospector Paquette’s collection of never-before-published historical exploration data.
This includes 120 Consorminex physical gold samples throughout the southern Megantic region of Quebec.
The Prospector Paquette’s collection consists of gold and rock samples, heavy mineral concentrates, numerous documents and maps compiled by Paquette or by exploration companies with which he collaborated with.
“Compiling and geolocating the collection’s many historical sample points was an important endeavour,” said Patrick Levasseur, President and CEO of Beauce Gold Fields.
“The collection has already allowed us to identify highly indicative targets and contributed to the recent discovery of the Ditton placer gold channel,” he added.
The historical maps drawn in the 1980s indicating the sample point locations were plotted using Modified Transverse Mercator (MTM) coordinate system. BGF, assisted by Paquette, conducted in the field verification of the sample points and noted its GPS coordinates for further referencing and for upcoming exploration work.
To date, the Consorminex physical gold samples from collection has allowed BGF to identify potential new gold zones on the Chesham Sand & Gravel Deposit, contributed to the discovery of the Ditton placer gold channel and has lead to new highly indicative exploration targets in the townships of Newport and Emberton.
To cover the collection’s data set as well as historical reports, the company has acquired, through map staking, an additional 148 claims.
In addition, the company plans to complete a non-brokered private placement of up to 5 million units at a price of 6 cents per unit for gross proceeds of up to approximately $300,000.00.
Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share in the capital of the company at an exercise price of 10 cents for a period of three years from the date of closing of the placement.
The proceeds of the offering will be used to finance exploration and for general corporate purposes.
Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration in the Beauce region of Southern Quebec.
The share price of Beauce Gold Fields Inc. was unchanged at $0.075 at 10:03 AM ET.
