Aurwest Resources Corporation announced final exploration results from the 2022 exploration season and initiates detailed geological review of 2021 and 2022 exploration data. The 2022 field activities were terminated in early November due to the onset of winter weather conditions. Prior to 2021, the area in which Aurwest's gold projects are located, were significantly under explored on a systematic basis. The initial focus of the 2021 and 2022 programs was to collect airborne and ground survey data to guide prospecting, mapping and geochemical programs. Going forward, combining the
results of these programs with the activities outlined below is expected to better locate the structures hosting the gold mineralization located to date and additional exploration targets. Re-processing and integrating of airborne magnetics data to improve project wide structural modeling of primary and secondary fault structures. A re-interpretation of the 71.7 line-km 2021 IP survey incorporating the intervals of gold mineralization, geochemistry, petrographic data and core description, to better constrain the geophysical data to identify structures that control the gold mineralization and potentially additional drill targets. A project wide review of the multi-element geochemical data (1,871 rock samples and 1,410 till geochemical sample) utilizing pathfinder elements (silver, arsenic, zinc, copper, and lead) typically associated with or indicative of gold mineralization to outline anomalies indicative of gold mineralization. Hyperspectral (Terra Spec) analysis of selected samples from the rock specimen database collected in 2021-2022 to identify mineral associations and alteration minerals indicative of gold mineralization. Using the preliminary results of the petrographic study, relogging of drill core and select sampling for whole rock analysis to understand the origin of the intense alteration observed in drill core and its significance in relation to the multiple intervals of gold mineralization intersected during the drilling. Regional structural analysis utilizing satellite imagery, airborne magnetics, and LiDAR for a detailed "Bare earth structural model". Study of the Quaternary glacial overburden to determine ice directions and glacial features and use these results to "vector" toward the source of the soil/till geochemical anomalies. The Paradise Lake-Stony Caldera properties are considered to have potential to host "Orogenic" and "Intrusive Related" styles of gold mineralization comparable to the Valentine Lake, Cape Ray,
Moosehead, and Queensway gold deposits. They are hosted within the Cape-Ray-Valentine Lake ("CRVL") structural zone. Linear magnetic intrusions of granodiorite/syenite occur in the vicinity of Twin Ponds-Paradise Lake. They are situated along primary or secondary structures to the CRVL. Airborne
magnetic data and ground IP surveys have revealed coincident anomalies and multiple phases of intrusive activity. High-grade gold bearing, "leakage" structures are identified using pathfinder geochemistry in surface sampling. Coincident magnetic anomalies and structures on property continue
to generate encouraging results and require further delineation in 2023.