AurCrest Gold Inc. ("AurCrest" or the "Company") (TSX VENTURE:AGO) wishes to
provide an update on its 100% owned East Red Lake property package made up of
27,960 acres of unpatented claims located 110 km east northeast of Red Lake,
Ontario. The Company's holdings consist of two major properties in the central
and northern parts of the Birch Lake Greenstone Belt (East Red Lake), one of
which includes the original AurCrest Richardson Lake Property and abuts the
recent Springpole Lake gold discovery held by Gold Canyon Resources.


Historic drill core samples recovered from the Richardson Lake Property in April
2011 were found to exhibit tectonically brecciated textures interpreted by
re-examination and thinsection microscopy. In addition, a re-evaluation of
historic drillhole data and projected sections suggests the presence of an
unconstrained zone of gold mineralization hosted in tectonic breccia trending to
the west rather than to the south as previously interpreted. These new
observations suggest the Richardson Lake gold zone is more closely related to an
east/west structural shear-hosted style of mineralization as opposed to a
north/south breccia-conglomerate, as previously interpreted.


The spring program will begin the week of Monday May 30th with a return visit to
the original Richardson Lake claims. During this visit, historical core,
trenches and outcrop on the claims will be re-examined, re-logged and sampled
based upon the new information that has arisen from the initial core examination
and drillhole compilation. This re-evaluation program, utilizing similar and
successful methods employed during the 2009 Gold Canyon Springpole reassessment
program, is designed to identify drill targets on the property to be tested in
summer or fall of 2011 and through 2012. A field program of surface prospecting,
sampling, and ground checking previously mapped rock units is planned for
AurCrest's newly enlarged property package throughout this summer.


Trevor Boyd, P.Geo., a qualified person as defined by National Instrument 43-101
("NI 43-101"), Vice President of Exploration supervised the preparation of the
technical information contained in this press release in compliance with NI
43-101.
Big Tree Carbon (TSXV:AGO)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Big Tree Carbon Charts.
Big Tree Carbon (TSXV:AGO)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Big Tree Carbon Charts.