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Beauce Gold Fields ( (TSE:BGF) ) has issued an announcement.
Beauce Gold Fields has announced a significant expansion of its exploration target at the Saint-Simon-les-Mines placer gold property in southern Quebec. The updated technical assessment, which incorporates historical drill data and modern mapping techniques, has nearly doubled the company’s gold exploration target. This development enhances the potential of the Gilbert River paleoplacer system, suggesting it has been historically underestimated. The company plans to apply for authorization to conduct further exploration activities, including expanded drilling and bulk sampling, to validate and potentially increase the resource estimates.
More about Beauce Gold Fields
Beauce Gold Fields is dedicated to exploring and developing the largest placer gold district in eastern North America. The company’s main focus is on tracing historical placer gold workings back to their bedrock source to uncover economically viable lode gold deposits. Their flagship property, the Saint-Simon-les-Mines gold project, is notable for being the site of Canada’s first gold rush, predating the Yukon Klondike, and has a rich history of significant placer gold mining.
Average Trading Volume: 72,259
Technical Sentiment Signal: Buy
Current Market Cap: C$5.26M
For an in-depth examination of BGF stock, go to TipRanks’ Overview page.