Aurwest Resources samples 144.7 g/t gold at Paradise Lake, Newfoundland

Aurwest Resources samples 144.7 g/t gold at Paradise Lake, Newfoundland
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VANCOUVER – Aurwest Resources Corp. [AWR-CSE; AURWF-OTC] reported the last of the 2021 rock sampling results for the Paradise Lake project in central Newfoundland. Highlights from the recent analytical results include recent surface samples of quartz vein material (2-3% combined pyrite/arsenopyrite) in the Twin Ponds area that returned three samples exceeding 1 g/t; including samples yielding 144.7 g/t (4.64 oz/ton) and 7.37 g/t gold. The high-grade sample is located approximately 400 metres north of and along strike of the initial 700 metres of drilling recently completed on the Twin Ponds drill target of which 3,000 metres is proposed.

These sample results are located along the same interpreted basement structure where earlier rock sampling returned gold concentrations of up to 11.3 g/t and 14.22 g/t, in quartz vein material with 2-3% combined pyrite and arsenopyrite.

Compilation of sampling results, show that eight samples with gold concentrations exceeding 1 g/t gold cluster over the Paradise Lake area and exhibit a strong spatial association with a coincident 5.5 km long positive chargeability anomaly and negative magnetic anomaly.

Colin Christensen, president and CFEO, stated, “These analytical results have extended the strike length of the gold mineralization associated with the leakage halo identified in the Twin Ponds area by approximately 400 metres along strike and demonstrates the potential for high-grade gold mineralization. The recent results compliment previously reported gold concentrations of 11.3 g/t and 14.2 g/t located along a 5.5 km long northeast trending positive chargeability anomaly; several late stage intrusives; and a magnetic low along an interpreted basement structure. The gold-pyrite-arsenopyrite mineral association is interpreted to be the source of the positive chargeability anomaly. Aurwest is amending its Phase I drilling strategy to test the depth extension of the high-grade mineralization at depth.”

New analytical results of rock samples collected in 2021 have been received for the Paradise Lake Project. Three samples contain gold concentration that ranged from 1.76 g/t to 144.7 g/t gold. These sample results are in addition to the rock sampling results reported in November 2021 that returned up to 14.22 g/t gold. Further assay results from surface sampling in 2021 are expected in March 2022.

Aurwest has three option agreements to earn a 100% interest in Paradise Lake and Stony Caldera projects covering a 47,800-hectare package of gold exploration licenses within the emerging Central Newfoundland gold district.

 

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