AurCrest Gold claims 3,400 acres near Red Lake

2011-02-11 11:26 ET - News Release

Mr. Ian Brodie-Brown reports

AURCREST GOLD ANNOUNCES FURTHER STAKING IN BIRCH LAKE GREENSTONE BELT

AurCrest Gold Inc. has staked 85 mining claim units for a total of 3,400 acres located 100 kilometres east-northeast of Red Lake, Ont. The company's newly acquired Birch Lake property is 100 per cent owned, and situated in the northeastern part of the Birch Lake greenstone belt between the previous Argosy gold producer and the Gold Canyon Springpole project. The Springpole gold project operated by Gold Canyon Resources Inc., which announced a diamond drilling intersection of 132 metres of 2.30 grams per tonne Au on Oct. 12, 2010, is situated on the property's southern boundary.

The decision to stake these claim units by AurCrest was based on the presence of a number of gold occurrences adjacent to and on islands within Birch Lake in context of the Ontario government's regional airborne magnetometer and electromagnetic survey coverage over the area of interest and its spatial relationship to both the Springpole project and Argosy past producer. The property is contiguous to the AurCrest Richardson Lake property. On Jan. 25, 2011, the company announced that it had staked 336 mining claim units for a total of 13,440 acres located 80 km east-northeast of Red Lake, Ont. The company is continuing to stake claims in the area of the Birch Lake greenstone belt. Trevor Boyd, PGeo, a qualified person as defined by National Instrument 43-101, vice-president of exploration, supervised the preparation of the technical information contained in this press release in compliance with NI 43-101.

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