- Canadian Gold Corp. (CGC) will begin its Phase 1 exploration program at the Tartan Mine on June 1, 2023
- The main objective of the 4,000-metre drill program is to extend high-grade gold at depth below the current resource
- The two deepest holes, drilled in 2021, intersected 23.8 gpt gold over 12.6 metres, including 47.6 gpt gold over 5.8 metres and 9.73 gpt gold over 4.15 metres
- Canadian Gold Corp. (CGC) stocks opened trading at $0.32 per share
Canadian Gold Corp. (CGC) will begin its Phase 1 exploration program at the Tartan Mine on June 1, 2023.
The main objective of the 4,000-metre drill program is to extend high-grade gold at depth below the current resource. The two deepest holes, drilled in 2021, intersected 23.8 gpt gold over 12.6 metres, including 47.6 gpt gold over 5.8 metres and 9.73 gpt gold over 4.15 metres.
The team will also work to advance exploration targets near the mine’s infrastructure to a drill ready stage. Numerous targets have been identified, including a possible southwest extension of the Tartan Mine, where drilling between 2003 to 2005 intersected 39.0 grams per tonne (gpt) gold over 0.85 metre and 11.3 gpt gold over 2.7 metres.
Source: Canadian Gold Corp.
Fieldwork will commence in the second half of 2023 on the recently acquired Hammond Reef North/South and HEES Project. Target areas for follow up exploration have been prioritized based on the 2022 results. The objective is to identify follow up targets for diamond drilling.
The company stated that the 27 km2 land package at the Tartan Mine remains underexplored and the team believes that by using modern exploration methods and tools, new discoveries can be made.
Canadian Gold Corp. (CGC) is a mining exploration company operating in Canada. It is mainly engaged in the exploration, evaluation, and development of mineral properties. The company’s 100 per cent-owned Tartan Lake Gold Mine Project is in Flin Flon, Manitoba, within the prolific Flin Flon Greenstone Belt.
Canadian Gold Corp. (CGC) opened trading at $0.32 per share.
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