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AGO Big Tree Carbon Inc

0.15
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Big Tree Carbon Inc TSXV:AGO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.15 0.145 0.175 0 01:00:00

AurCrest Announces Proposed Lac Seul / Cyr Drilling Summer Drill Program

09/04/2014 5:50pm

Marketwired Canada


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AurCrest Gold Inc.
Ian Brodie-Brown
President and C.E.O.
(416) 368-2929
info@aurcrestgold.com
www.aurcrestgold.com


StockNetwork Media
(416) 883-3838
info@stocknetwork.com
www.StockNetworkMedia.com

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