AurCrest Announces Proposed Lac Seul / Cyr Drilling Summer Drill Program
April 09 2014 - 11:50AM
Marketwired
AurCrest Announces Proposed Lac Seul / Cyr Drilling Summer Drill
Program
TORONTO, ONTARIO--(Marketwired - Apr 9, 2014) - AurCrest Gold
Inc. (the "Company" or "AurCrest") (TSX-VENTURE:AGO) is pleased to
report that it has begun discussions with the Lac Seul First Nation
and Cyr Drilling to work out a creative arrangement to train Lac
Seul First Nations band members as certified drillers. This
solution to the current exploration market would continue the
drilling for gold within the 'Jacquie-Girl' iron-formation
discovered in 2012 on AurCrest's Richardson Lake Gold project. Due
to the difficult market conditions, the Company's 2013 drill season
was cancelled and there has not been any follow-up drilling on the
discovery-hole announced in April of 2012 (see the Company's press
release dated April 30, 2012).
The parties have agreed to work towards an arrangement that
would commence a summer drill program in June of 2014 at Richardson
Lake. A Cyr Drilling drill rig remains on the Richardson Lake
Property and will be used to drill the Richardson Lake discovery
without the Company incurring any mobilization costs. Equally as
important, this will further the drill training, apprenticeship and
certification of a number of Lac Seul band members, who have
otherwise been unable to find certification/apprenticeship in these
markets, and complete their training as qualified drill
helpers.
Ian Brodie-Brown, President of AurCrest stated: "We would like
to thank Lac Seul for bringing this creative approach to the
Company and Cyr Drilling for participating in these talks. We
believe these creative discussions will lead to an arrangement that
will provide our shareholders with a new opportunity during these
very difficult times in the exploration industry."
About AurCrest Gold Inc.
AurCrest Gold is a mineral exploration company focused on the
acquisition, exploration, and development of gold properties.
AurCrest has a portfolio of properties in Ontario, which include
the Richardson Lake and Bridget Lake gold properties.
Forward Looking Statement:
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and uncertainties.
Without limitation, statements regarding potential mineralization
and resources, exploration results, and future plans and objectives
of the Company are forward looking statements that involve various
risks. The following are important factors that could cause the
Company's actual results to differ materially from those expressed
or implied by such forward looking statements: changes in the world
wide price of mineral commodities, general market conditions, risks
inherent in mineral exploration, risks associated with development,
construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital.
There can be no assurance that forward-looking statements will
prove to be accurate as actual results and future events may differ
materially from those anticipated in such statements. AurCrest
undertakes no obligation to update such forward-looking statements
if circumstances or management's estimates or opinions should
change. The reader is cautioned not to place undue reliance on such
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
AurCrest Gold Inc.Ian Brodie-BrownPresident and C.E.O.(416)
368-2929 info@aurcrestgold.comwww.aurcrestgold.comStockNetwork
Media(416)
883-3838info@stocknetwork.comwww.StockNetworkMedia.com
Big Tree Carbon (TSXV:AGO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Big Tree Carbon (TSXV:AGO)
Historical Stock Chart
From Sep 2023 to Sep 2024