Beauce Gold Fields Applies for ATI Authorization to Drill Historic Saint-Simon-Les-Mines Placer Gold Channel
(TheNewswire)
February 26, 2026 – TheNewswire - Montreal, Quebec, Canada - Beauce Gold Fields (Champs d’Or enBeauce) (TSX Venture: BGF), referred to as“BGF” or the “Company,” is pleased toannounce that it has submitted an Application for Authorization forImpact Exploration Work (“ATI Authorization”) to Quebec’sMinistry of Natural Resources and Forests (MRNF) for drilling andrelated exploration activities on its Saint-Simon-les-Mines placergold property.
The application follows a positive presentation anddiscussion with the municipal council of Saint-Simon-les-Mines, duringwhich the Company outlined the results of its updated ExplorationTarget announced on September 3, 2025, and presented the scope of theproposed 2026 exploration work.
Patrick Levasseur, President and CEO of Beauce Gold Fields, commented:“Following the significant expansion of our Exploration Targetannounced in September, the ATI application represents the logicalnext operational step. Our objective is to systematically test thehighest-priority deltaic zones identified in the updated model andcontinue refining the geological framework of the paleoplacerchannel.” Mr. Levasseur further stated, “The strong reception fromthe Saint-Simon-les-Mines municipal council reflects the historicalimportance of gold in the Beauce region and the Company’s commitmentto responsible and transparent exploration practices.”
Image: 3D view of the placer gold channel, inset,cross-section at Rang Chaussegros
The planned program is designed as a follow-up to theexpanded Exploration Target defined in the September 3, 2025 technicalreport, which outlined a conceptual Exploration Target rangingfrom:
3.86 million m³ @ 0.81 g Au/m³to
3.86 million m³ @ 4.9 g Au/m³ (including nugget effect).
The Exploration Target mentioned isconceptual in nature. There has been insufficient exploration todefine a mineral resource, and there can be no assurance that furtherexploration will result in the definition of such a resource.
The Exploration Target is based on a polygonal-based geological modelthat integrates historical drilling data from Beauce Placer Co.(1958–1960), Coniagas Resources (1985), Ressources Macamic(1987–88), and Beauce Gold Fields’ 2021 sonic drilling program.The model also incorporates high-resolution LiDAR-derived paleo-valleyreconstructions and stratigraphic reinterpretation of auriferousunits, including a saprolitic bedrock horizon and an overlying glacialdiamicton enriched in coarse gold. Over 344 original historical drilllogs and cross sections were georeferenced and used to refineexploration polygons and volume estimates.
The 2026 program, subject to ATI approval, is expected toinclude:
Sonic drilling of high-priority deltaic polygonsidentified in the updated polygonal model;
Additional delineation drilling to validate historicaldata integrated into the 2025 reinterpretation;
Geophysical seismic refraction surveys to better definethe bedrock topography beneath the overburden;
Continued geological and sedimentologicalcharacterization of auriferous horizons within the paleochannelsystem.
The objective of this work is to further test andrefine the conceptual Exploration Target and improve geologicalunderstanding of the Saint-Simon-les-Mines paleoplacer channel.
Geological Context
The Saint-Simon-les-Mines paleoplacer channelrepresents the core of Canada’s first gold rush district. Historicalmining from the 1860s through the 1960s recovered significant coarsegold, including multi-ounce nuggets.
BGF’s updated 3-D geological modellingintegrates:
Recovered 1958–1960 Beauce Placer churn drilllogs;
Historical 1980s drilling by Coniagas, Macamic andGeological Survey of Canada;
BGF’s 2021 sonic drilling;
High-resolution LiDAR paleo-valleyreconstruction;
Stratigraphic reinterpretation of saprolitic bedrockand overlying diamicton units.
The upcoming drill program aims to validate and refinethis integrated geological model of the Saint-Simon-les-Minespaleoplacer channel. Results will be reported as they becomeavailable.
Jean Bernard, BSc, Geo, a qualified independent personas defined by National Instrument 43-101, has reviewed and approvedthe technical content of this release.
About Beauce Gold Fields
Beauce Gold Fields is focused on exploring anddeveloping the largest placer gold district in eastern North America.The Company’s objective is to trace historical placer gold workingsback to their bedrock source in order to uncover economic lode golddeposits.
The Company’s flagship property is theSaint-Simon-les-Mines gold project, site of Canada’s first goldrush, which pre-dates the Yukon Klondike. The Beauce region hostedsome of the largest historical placer gold operations in Eastern NorthAmerica from the 1860s to the 1960s and produced some of the largestgold nuggets in Canadian mining history (50 oz+).
(Source: NI 43-101 Report – Beauce, July 4, 2018, B.Violette)
In parallel, Beauce Gold Fields continues drilling therecently discovered antiform systems that arebelieved to have contributed to the developmentof extensive auriferous placer deposits in Beauce. The Company’sgeological model suggests that placer goldwithin the Beauce Gold paleochannel, including the renowned largenuggets from the 19th century, formed in stressed quartz pocketswithin layered domed axis of antiforms, exemplified by Saddle Reefformations. Notable global Saddle Reef formations includethe Bendigo gold fields in Australia (over 60 million ounces) and thehigh-grade Dufferin deposit in Nova Scotia.
For more information, please visit Beauce Gold Fields website www.beaucegold.com
Disclaimers:
This press release contains certainforward-looking statements, including, without limitation, statementscontaining the words "may", "plan","will", "estimate", "continue","anticipate", "intend", "expect","in the process" and other similar expressions whichconstitute "forward-looking information" within the meaningof applicable securities laws. Forward-looking statements reflect theCompany's current expectation and assumptions, and are subject toa number of risks and uncertainties that could cause actual results todiffer materially from those anticipated. These forward-lookingstatements involve risks and uncertainties including, but not limitedto, our expectations regarding mineral exploration. Such statementsreflect the current views of the Company with respect to future eventsand are subject to certain risks and uncertainties and other risksdetailed from time-to-time in the Company's on-going filings withthe securities regulatory authorities, which filings can be found atwww.sedarplus.com. Actual results, events, and performance may differmaterially. Readers are cautioned not to place undue reliance on theseforward-looking statements. The Company undertakes no obligation topublicly update or revise any forward-looking statements either as aresult of new information, future events or otherwise, except asrequired by applicable securities laws.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
For further informationcontact
Patrick Levasseur, President and CEO Tel: (514)262-9239
www.beaucegold.com
Copyright (c) 2026 TheNewswire - All rights reserved.
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