AGO Big Tree Carbon Inc

AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX VENTURE:AGO) is pleased to
report that it has hired Aeroquest Airborne, a division of Geotech, to fly the
remaining 11 kilometres of the untested Jacquie-Girl Iron Formation ("JGIF") on
its Richardson Lake property. The survey will begin the first week of June. The
JGIF is a 12 kilometre long iron formation 100% owned by AurCrest. The first
kilometre is host to the South Side Lucky gold discovery made by AurCrest's team
in the late winter - early spring of the 2012 drill campaign. During the program
it was referred to as the Richardson Lake Gold Discovery in the Company's Press
Releases dated April 30, 2012 and June 5, 2012 whereupon it was announced
diamond drillhole RL-12-07 had intersected 15 metres of 1.83 g/t Au, including 3
metres of 7.4 g/t Au. Due to market conditions, the new discovery has lain
dormant until now. This marks the beginning of the 'follow-up' phase to the
discovery set to ascertain the significance of a new gold hosting iron
formation. The Helicopter-Borne High Resolution Magnetic Survey will define the
boundaries of the JGIF and areas of deformation (folding) which could
potentially host other gold zones.


The Jacquie-Girl Iron Formation is likened to the 8 kilometre iron formation
that hosts the Musslewhite Gold Mine and the 11 kilometre long iron formation
that is host to the historic Homestake Gold Mine. The airborne will cover the
untested 11 kilometres trending west from the discovery. Of particular note is
towards the western boundary of the Richardson Lake property where the Shabumeni
Break (Fault) may intersect the JGIF. 


The Company wishes to announce that it placed a further 500,000 working capital
units (each a "WC Unit") of the non-brokered private placement announced in its
Press Release dated April 16, 2014, for proceeds of $25,000. Securities issued
are subject to a hold period expiring on September 27, 2014. The Company also
wishes to announce that it has increased the Offering to a total of $450,000
with the addition of up to a further 3,000,000 WC Units for up to a further
$150,000. 


Trevor Boyd, P.Geo., Vice-President of Exploration, a qualified person as
defined by National Instrument 43-101, has reviewed and approved the technical
information contained in this news release in compliance with National
Instrument 43-101.


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

Big Tree Carbon (TSXV:AGO)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Big Tree Carbon (TSXV:AGO)
Historical Stock Chart
Von Jun 2023 bis Jun 2024