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Canagold Announces Additional Results from New Polaris Drill Program Including 14.3 gpt Au Over 2.7 m and 15.3 gpt Au Over 1.7 m
VANCOUVER, BC / ACCESSWIRE / July 19, 2021 / Canagold Resources Ltd. (TSX:CCM, OTCQB:CRCUF, F...
About this update from Canagold Resources Ltd
[{"type":"text","content":"Canagold Announces Additional Results from New Polaris Drill Program Including 14.3 gpt Au Over 2.7 m and 15.3 gpt Au Over 1.7 mVANCOUVER, BC / ACCESSWIRE / July 19, 2021 / Canagold Resources Ltd. (TSX:CCM, OTCQB:CRCUF, Frankfurt:CANA) announces high-grade gold assay results for two more drill holes from the ongoing 24,000 meter (m), 47-hole drill program at its 100% owned New Polaris Gold project in northwestern British Columbia, located 100 kilometers (km) south of Atlin and 60 km northeast of Juneau, Alaska. New Polaris lies within the Taku River Tlingit First Nations traditional territory. Canagold is committed to providing employment and business opportunities that help support the local economies in the vicinity of its exploration projects. The focus of the drill program is the C West Main vein system which hosts a major part of the gold resources at New Polaris.Highlights14.3 grams per tonne (gpt) gold (Au) over 2.7 meters (m) in hole 21-1783E315.3 gpt Au over 1.7 m in hole 21-1829E1Scott Eldridge, CEO and Director, said, \"Following up our first two holes, which intersected 24.2 grams per tonne gold over 6.6 metres and 15.8 grams per tonne gold over 13.0 metres, these latest results support the excellent continuity of high gold grades within our inferred resources.As with the first two holes of the current drill program, these results fall within the PEA mine plan and support our goal to upgrade the inferred resources to the indicated category. The second objective of the current drill program is to test the depth potential by drilling deeper than the 600 metre limit of the current resource.\"Similar to the first three mineralized drill hole intercepts reported in the previous news release (dated July 6, 2021), these two drill holes intercepted the mineralized zone within meters of the anticipated intersection depth. The two mineralized intervals compare well to surrounding holes drilled in 2006 on a gram-meter (g-m) gold basis (Au gpt X length of intercept in meters) that further confirms the consistency of the C West Main mineralization from hole to hole:15 g-m Au in hole 06-1813E226 g-m Au in hole 21-1829E139 g-m Au in hole 21-1783E353 g-m Au in hole 06-1707DE185 g-m Au in hole 06-1768E4AOut of the planned 47-hole, 24,000 m program, twelve holes have now been completed, of which assay results have been received for fi...