Beauce Gold Fields (OTCMKTS:BGFGF) (TSXV:BGF) Stock Moves In a Narrow Range
Beauce Gold Fields (OTCMKTS:BGFGF) (TSXV:BGF) is moving in a range after announcing results from its 38 hole diamond drill project of around 4,585 meters testing high priority targets on the Beauce Gold project situated in Saint-Simon-Les-Mines, Quebec.
Market Stats
On Monday, BGFGF stock ended flat at $0.0754 with more than 469 shares, compared to its average volume of 4.9K shares. The stock moved within a range of $0.0754 – 0.0754 after opening trading at $0.0754.
Beauce Gold Fields Test Drill Program Confirms Fault Line, Anticlines and Nugget Effect
The drilling managed to breach a central fault line, and anticlines limb structures supporting the Saddle Reef model were attained. The company discovered a new gold zone with the visible gold dichotomy to drill results confirming Nugget Effect.
CEO and President Patrick Levasseur said little was known about the underlying geology around the placer gold corridor before the drill campaign. The drill findings give the company an unprecedented perspective, pointing to the Saddle Reef Deposit as the most likely historic placer gold nuggets source.
The company’s geological team is in charge of the drill programs and results interpretation, including strict protocols as per industry best practices and NI 43-101. So, in the coming weeks, investors should keep an eye on BGFGF.
Key Quote
Patrick Levasseur, President and CEO of Beauce Gold Fields said, “Prior to the drill program, little was known about the bedrock geology surrounding the placer gold channel.” Mr. Levasseur added: “The drill data provides us an unprecedented overview leading us to a Saddle Reef Formation as a leading geological model as to the source of the historical placer gold nuggets.”
