TORONTO, ONTARIO--(Marketwire - May 31, 2011) - AurCrest Gold Inc. ("AurCrest" or the "Company") (TSX VENTURE:AGO) wishes to provide an update on its 100% owned East Red Lake property package made up of 27,960 acres of unpatented claims located 110 km east northeast of Red Lake, Ontario. The Company's holdings consist of two major properties in the central and northern parts of the Birch Lake Greenstone Belt (East Red Lake), one of which includes the original AurCrest Richardson Lake Property and abuts the recent Springpole Lake gold discovery held by Gold Canyon Resources.
Historic drill core samples recovered from the Richardson Lake Property in April 2011 were found to exhibit tectonically brecciated textures interpreted by re-examination and thinsection microscopy. In addition, a re-evaluation of historic drillhole data and projected sections suggests the presence of an unconstrained zone of gold mineralization hosted in tectonic breccia trending to the west rather than to the south as previously interpreted. These new observations suggest the Richardson Lake gold zone is more closely related to an east/west structural shear-hosted style of mineralization as opposed to a north/south breccia-conglomerate, as previously interpreted.
The spring program will begin the week of Monday May 30th with a return visit to the original Richardson Lake claims. During this visit, historical core, trenches and outcrop on the claims will be re-examined, re-logged and sampled based upon the new information that has arisen from the initial core examination and drillhole compilation. This re-evaluation program, utilizing similar and successful methods employed during the 2009 Gold Canyon Springpole reassessment program, is designed to identify drill targets on the property to be tested in summer or fall of 2011 and through 2012. A field program of surface prospecting, sampling, and ground checking previously mapped rock units is planned for AurCrest's newly enlarged property package throughout this summer.
Trevor Boyd, P.Geo., a qualified person as defined by National Instrument 43-101 ("NI 43-101"), Vice President of Exploration supervised the preparation of the technical information contained in this press release in compliance with NI 43-101.
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.
Contact Information:
Ian Brodie-Brown
President and C.E.O.
(416) 368-2929
(416) 601-1450 (FAX)
info@aurcrestgold.com
www.aurcrestgold.com