AurCrest Gold Inc. announced preliminary observations from the ongoing inaugural diamond drilling project at the Company's Ranger Lake Gold Property, Ontario. To date, seven holes have been drilled to test overlapping Artificial Intelligence ("AI"), Spatiotemporal Geochemical Hydrocarbon ("SGH"), and structural geology interpretations in a previously unrecognized and under-explored region located approximately 10 kilometres east of Balmertown, Ontario in the world class Red Lake Mining District. A total of 1,277 metres have been drilled to date, more than double the original project design of 600 metres. Despite fifteen (15) metres of glacial overburden and a lack of outcrop, six (6) of the seven (7) holes have intercepted intervals with polymetallic sulphide mineralization extending from surface to 184 metres downhole. Mineralization appears to be associated with intense biotite- silica-carbonate alteration along an east to west-trending zone encompassing over 225 metres laterally, remains open to the east and west and is unconstrained at depth. Foliation-parallel sulphide stringers and veins, up to 20 centimetres in thickness and containing up to 80% sulphides, occur in broad zones up to seven (7) metres in width along the core orientation and are surrounded by disseminated sulphides and silica-biotite-epidote alteration. AurCrest has submitted samples for gold and multi-element assays and will compile the geochemical results upon receipt. The degree of alteration, consistent intercepts of mineralization and structural interpretation of this zone is encouraging and step-out drill holes currently are designed to further explore the geological potential of the mineralization along strike.