AurCrest Gold Announces Appointment of Christopher Angeconeb as Executive VP & Provides Update on Richardson Lake
TORONTO, ONTARIO--(Marketwired - Apr 15, 2015) - AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX VENTURE:AGO) is pleased to announce the appointment of Christopher Angeconeb as Executive Vice President. This move recognises Christopher's management skills and his growing reputation amongst First Nations members of the Mining Community. This decision is made with the intention of moving Christopher into the position of President, possibly as early as September 2015. AurCrest's Board of Directors feels this is an important step for the company and helps realise a long standing vision of creating a truly representative exploration company.
These changes are intended to strengthen the company and allow us to meet our responsibility to find a meaningful and successful path forward with our partners, shareholders and friends in whose community we are actively exploring for Gold.
Christopher Angeconeb:
Christopher is a member of the Lac Seul First Nation, which is collectively one of AurCrest's largest shareholders. Christopher has recently begun to offer independent consulting services to First Nations and the resource development industry.
Christopher has technical and project management background working in Northwestern Ontario since 1993, including Aboriginal non-profit group work for cultural competency and small business development beginning in 2004. Mr. Angeconeb acted as co-ordinator for the Federal Specific Claim negotiations beginning in 2006, then as Lands & Resources Coordinator, and ultimately as General Manager Economic Development for Lac Seul First Nation. Through these positions he has gained extensive experience in Mineral industry negotiations, permitting consultations, exploration and resource development agreements, policy and strategic planning advisory, business development and corporate management. Christopher has been a Board Member of AurCrest Gold since 2011, and the Board and Management are very happy to welcome Christopher into a full time leadership role in the management and direction of the company.
Project Update - Richardson Lake Gold Discovery:
As a further update to the shareholders AurCrest would like to take this opportunity to express our thanks to those who financed our work in 2014, which saw amongst other things, the flying of a Total Field Magnetics (TMI) airborne survey comprising 511.6 line kilometres by Geotech Limited of Aurora Ontario over the Company's 10 kilometre Richardson Lake Property. The airborne survey outlined green-fields targets for further exploration. The 2014 program was also highlighted by the drilling of another significant gold intercept on the Richardson Lake project.
The drill program in 2014 encountered another significant gold zone and has served to model the Richardson Lake and associated gold systems. (see press release November 4, 2014)
RICHARDSON LAKE DRILL RESULTS
| Drill hole | From | To | Interval | Au |
| (m) | (m) | (m) | (g/t) | |
| Rl-14-08 | 369 | 387 | 18 | 1.85 |
| including | 377 | 387 | 10 | 2.93 |
| including | 381 | 385.5 | 4.5 | 6.00 |
| including | 380 | 383.5 | 3.5 | 7.57 |
| including | 381 | 383.5 | 2.5 | 10.4 |
The 2014 drill program has established a model of north-south trending faults for the Richardson Lake project. This set of structural controls for the gold system that intercept the past producing Argosy Mine to the south, and carries on north to intercept the Jacquie Girl Iron Formation, covers an area of 2.4 km's N/S by 1.5 km's E/W. These North/South faults are now defined as the structural controls for the high grade Gold occurring at the Argosy mine site and on the Richardson Lake project.
Further work to continue defining this new gold discovery and to explore the potential to the west along the Jacquie Girl Iron Formation is planned for this year.
Mr. Angeconeb's appointment is subject to regulatory approval.
Blaine Webster P Geo., a Director of AurCrest and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this press release.
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.
Contact
AurCrest Gold Inc.
Ian Brodie-Brown
President and C.E.O.
(416) 368-2929
info@aurcrestgold.com
www.aurcrestgold.com