Further to filing the Company's Financial Statements and MD&A, the Company is pleased to provide an update on our quarterly operating highlights as set out below:
Third Quarter 2023 Highlights: Net loss for third quarter 2023 was
Cash at
Reduced operating costs by 44% from the third quarter 2022, and 25% from second quarter 2023.
The Company worked to minimize future capital obligation which will allow the Company to refocus its ongoing future exploration activities in
The Company continued its analysis of historical data from its Phase 1 & 2 drilling results, assessment reports and geophysicist technical evaluation, focusing specifically on Twin Ponds area within
Selected Financial Data
The following selected financial data is summarized from the Company's Financial Statements. A copy of the Financial Statement and MD&A is available at www.aurwestresources.com or on SEDAR+ at www.sedarplus.ca.
About
Aurwest is a Canadian-based junior resource company focused on the acquisition, exploration, and development of gold properties in
Contact:
Tel: (403) 585-9875
Email: cmacdonald@aurwestresources.com
Web: www.aurwestresources.com
Forward-Looking Information
Statements included in this announcement, including statements concerning our plans, intentions, and expectations, which are not historical in nature are intended to be, and are hereby identified as 'forward-looking statements'. Forward looking statements may be identified by words including 'anticipates', 'believes', 'intends', 'estimates', 'expects' and similar expressions. The Company cautions readers that forward-looking statements, including without limitation: additional exploration of the properties may not locate significant gold mineralization, the exploration program may not be completed as planned or at all; the Company may not be able to assemble a seasoned exploration team, the path finder elements may not be indicative of gold mineralization; the western margin of the Dunnage zone may not be located within the Property; the structural elements of the Central Newfoundland Gold Belt may not be similar to the Abitibi and
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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