Beauce Gold Fields Commences Seismic Survey Of The Saint-Simon-Les-Mines Paleoplacer Channel
Beauce advances its Saint-Simon placer target with a seismic survey and $800,000 in financing.
Beauce Gold Fields Inc. announced the commencement of a seismic refraction and reflection geophysical survey on its Saint-Simon-les-Mines paleoplacer channel to refine bedrock geometry and guide an upcoming sonic drilling campaign. The company simultaneously closed a non-brokered private placement of 20,000,000 units at $0.04 per unit, raising $800,000 in gross proceeds. Each unit includes one common share purchase warrant exercisable at $0.07 per share for 36 months. Insider participation is anticipated to exceed 25% of the offering.
The seismic program aims to validate the June 2026 updated Exploration Target of 4.0–6.0M cubic metres grading 2.02–12.0 g Au/m³. This follows Phase 1 drilling results at the Grondin Zone, released July 6, 2026, which confirmed continuity of a shallow, structurally controlled Saddle Reef-type gold system.
Beauce Gold Fields Inc. (BGF) has completed a standard capital raise expected for an exploration-stage junior, providing near-term operational runway while increasing share dilution. The company is also proceeding with a planned seismic survey, an incremental step designed to de-risk its conceptual exploration target. This activity does not constitute a resource definition or a commercial milestone. The news aligns with previous expectations, introducing no unexpected upside or downside catalysts. Market impact is likely neutral to mildly positive, driven primarily by insider participation and the continuation of the exploration program.
Beauce Gold Fields Inc. (TSX-V: BGF) is an exploration-stage company focused on gold and phosphate properties in Quebec, Canada. Its flagship Saint-Simon-les-Mines paleoplacer channel is a historical placer gold district in Southern Quebec, where the company has updated its conceptual exploration target to 4.0–6.0M cubic metres grading 2.02–12.0 g Au/m³.
In the lode gold sector, the Grondin and Giroux zones feature a Saddle Reef antiform structure with an 88% drill success rate and mineralization open at depth and along strike. The company’s phosphate initiative targets near-surface apatite mineralization in the Lac-Saint-Jean anorthosite complex through the CH-98 and newly acquired France properties, with metallurgical tests showing 93.4% P₂O₅ recovery. The company is entirely in the exploration phase, with no production, revenue, or defined mineral resources.