New C Vein Rapidly expanding by 500%
ORIGINAL: Canagold Announces Additional High-Grade Gold Drill Intercepts from the C-10 and the C-West Main Veins at New Polaris Project, BC
2022-03-21 07:31 ET - News Release
VANCOUVER, BC / ACCESSWIRE / March 21, 2022 / Canagold Resources Ltd. (TSX:CCM)(OTCQB:CRCUF)(Frankfurt:CANA) announces high-grade gold assays for five more drill holes from the expanded drill program at its 100% owned New Polaris Gold project located in northwestern British Columbia, 100 kilometers (km) south of Atlin and 60 km northeast of Juneau, Alaska.
The assay results include samples from recently completed drilling of additional intercepts of the C-10 vein ("C-10") as well as the C-West Main vein ("CWM"):
Highlights:
21-1875E3W1
- 14.2 grams per tonne ("gpt") gold ("Au") over 2.9 meters ("m") from 426.8 m (C-10)
- 5.99 gpt Au over 2.1 m from 633.6 m (CWM)
21-1844E4
- 4.10 gpt Au over 12.5 m from 549.3 m (C-10)
- 5.16 gpt Au over 1.9 m from 738.7 m (CWM)
21-1875E1
- 8.61 gpt Au over 2.9 m from 504.1 m (C-10)
- 5.81 gpt Au over 0.7 m from 569.9 m (CWM)
21-1875E2
- 4.62 gpt Au over 0.6 m from 491.1 m (C-10)
- 6.84 gpt Au over 1.5 m from 555.7 m (CWM)
21-1935E1
- 8.10 gpt Au over 1.5 m from 479.0 m (C-10)
- 8.37 gpt Au over 2.8 m from 523.0 m (CWM)
Scott Eldridge, CEO and Director, said, "We continue to receive robust assay results from approximately 30,000 meters of drilling we've conducted since May of last year. This most recent batch of results is of particular interest as we've now expanded the C-10 vein by 500%. The C-10 does not contain any resources do date, but has delivered robust results consistently, thus increasing our confidence to increase the overall resource size at New Polaris. We still have multiple results pending on the C-10 to potentially see additional continuity at depth."