|By Marketwired .||
|August 18, 2014 11:48 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 08/18/14 -- AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX VENTURE: AGO) is pleased to announce that the follow-up drill program to the March 2012 Richardson Lake gold discovery has commenced. The Company is drill testing interpreted shear zones originally discovered in hole RL-12-07 associated with a two kilometre long folded iron formation which has been identified as gold bearing from both surface sampling, and the above-mentioned drillhole (see news releases dated April 30, 2012 and June 5, 2012). The Company intends to drill up to four holes for a total of 1,600 metres in this program. Preliminary results are expected in mid-September.
The recently flown airborne magnetic survey has defined a second interpreted iron formation to the west approximately eight kilometres in length. These formations are collectively what was previously identified as the Jacquie-Girl Iron Formation. The Richardson Lake formation will remain identified as the Jacquie-Girl and the western formation will now be known as the Western Fold.
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 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.
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