Business
Canagold Drilling Reports Two Highest Grade Drill Results of 54 Hole Program Including 13.6 gpt Gold over 25.1 m Length and 34.4 gpt over 6.6 m Length at New Polaris Project, BC
VANCOUVER, BC / ACCESSWIRE / June 28, 2022 / Canagold Resources Ltd. (TSX:CCM)(OTCQB:CRCUF)(F...
About this update from Canagold Resources Ltd
[{"type":"text","content":"Canagold Drilling Reports Two Highest Grade Drill Results of 54 Hole Program Including 13.6 gpt Gold over 25.1 m Length and 34.4 gpt over 6.6 m Length at New Polaris Project, BCVANCOUVER, BC / ACCESSWIRE / June 28, 2022 / Canagold Resources Ltd. (TSX:CCM)(OTCQB:CRCUF)(Frankfurt:CANA) announces sample assay results from four 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.Two of the drill holes returned significant intercepts of gold mineralization in the C-West Main (\"CWM\"). These are the final results from the 54 hole, 30,000 meter (\"m\") drill program completed at the end of February 2022. Gold was analyzed by metallic screen fire assay method due to the presence of visible gold observed during geological logging of the drill core.Highlights :34.4 grams per tonne (\"gpt\") gold (\"Au\") over 6.6 m from 362.7 m down hole in Hole 21-1700E3Including 646 gpt Au over 0.3 m from 367.1 m17.0 gpt Au over 9.0 m from 362.1 m, in Hole 21-1800E3Including 33.2 gpt Au over 3.0 m from 363.1 m, and37.2 gpt Au over 5.0 m from 382.2 m in Hole 21-1800E3Including 66.8 gpt over 2.5 m from 383.2 m13.6 gpt Au over 25.1 m from 362.1 m combined interval in Hole 21-1800E3Scott Eldridge, Canagold CEO, said, \"Today's result of 13.6 gpt gold over 25.1 metres is the best drill intercept of the entire 30,000 metre, 54 hole program. In addition, the 34.4 gpt gold over 6.6 metres is the second-best drill result of the program. We continue to see visible gold in selected intervals, including the highest single gold sample result ever on the property at 646 grams per tonne gold. Today's intercept length of a combined 25.1 meters also marks the longest mineralized interval ever on the project. In totality, the results of the recently completed drill program have exceeded our expectations and clearly show we can unlock much more shareholder value at New Polaris as we continue to de-risk the asset.\"Bradford Cooke, Canagold Chairman and Founder, commented, \" Results like those reported today are exactly why shareholders should vote in favour of the Company's board nominees at the upcoming AGM on July 19, 2022. We laid out a stepwise program to systematically upgrade and expand the resources, in advance ...