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Bullboard - Stock Discussion Forum Canagold Resources Ltd T.CCM

Alternate Symbol(s):  CRCUF

Canagold Resources Ltd. is a Canada-based mineral exploration company. The Company’s projects include New Polaris, Nevada Gold, Windfall Hills, Corral Canyon and Princeton Property. The Company’s core asset is the 100% owned, past-producing, high-grade, New Polaris gold project located in north-western British Columbia. The Fondaway Canyon is an advanced stage gold property located in the... see more

TSX:CCM - Post Discussion

Canagold Resources Ltd > Step Out Drilling Success
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Post by nozzpack on Nov 24, 2021 12:57pm

Step Out Drilling Success

 we already know that they are now finding impressive high-grade intercepts in the newly discovered C10 vein, which is parallel to and about 100 m vertically above the C West Main (CWM) vein.


Another previously disclosed high-grade intercept in the C-10 hangingwall returned 17.1 g/t Au over 8.4 m. None of the C-10 mineralization is in the resources estimate and these intercepts should contribute to an expanded resource.

The intercept of the C10 vein in hole 21-1844E3 has extended the mineralization 90 metres to the west of the nearest previously drilled intercept with a significant downhole thickness of 17.8 metres.


The new mineralized intervals of the C9 vein are already starting to define another hangingwall zone of significant size similar to the C10 vein when combined with previous drill results.

With most of the assays yet to report, it seems obvious that resource levels are going to significantly increase once all assays have been reported..

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