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Canagold Intersects 11.1 gpt Au over 17.8 m and 11 gpt over 8.9 m in 2 Separate Hanging-Wall Veins Adjacent to C West Main Vein at New Polaris Gold Project, BC
VANCOUVER, BC / ACCESSWIRE / November 10, 2021 / Canagold Resources Ltd. (TSX:CCM)(OTCQB:CRCU...
About this update from Canagold Resources Ltd
[{"type":"text","content":"Canagold Intersects 11.1 gpt Au over 17.8 m and 11 gpt over 8.9 m in 2 Separate Hanging-Wall Veins Adjacent to C West Main Vein at New Polaris Gold Project, BCVANCOUVER, BC / ACCESSWIRE / November 10, 2021 / Canagold Resources Ltd. (TSX:CCM)(OTCQB:CRCUF)(Frankfurt:CANA) announces high-grade gold assays for two more drill holes from the ongoing 24,000 meter (m), 47-hole 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 focus of the drill program is infill and step-out drilling in the C West Main (\"CWM\") vein system which hosts a major part of the gold resources at New Polaris. The intercepts reported below include results for two holes that also intercepted thick intervals of significant gold mineralization in two veins located in the hanging-wall of the CWM vein.Highlights:Hole 21-1844E3 intersected 11.0 gpt over 8.9 m from 414.4m in the C9 vein, 14.5 gpt over 3.0 m from 438.7m in the C10 vein and 7.92 gpt over 5.0 m from 549.0 m in the CWM Vein.Hole 21-1905E2 intersected 8.10 gpt over 9.9 m from 353.6 in the C9 vein, 11.1 gpt over 17.8 m from 380.9 m in the C10 vein and 4.98 gpt over 7.6 m from 486.0 m in the CWM Vein.Scott Eldridge, CEO and Director, said, \"We continue to see impressive high-grade intervals in our infill drilling which demonstrates the continuity of New Polaris' mineralization. What's more, we are now finding impressive high-grade intercepts in the C10 vein, parallel to and about 100m vertically above the C-West Main (CWM) vein. Another previously disclosed high-grade intercept in the C-10 hanging-wall returned 17.1 gpt 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.\"With our recently closed Cdn $5.3 million financing we are now funded to continue drilling with two rigs on site throughout the winter months as we march the project towards a feasibility study.\"The intercept of the C10 vein in hole 21-1844E3 has extended the mineralization 90 meters to the west of the nearest previously drilled intercept with a significant down hole thickness of 17.8 meters. The new mineralized intervals of the C9 vein are already starting to define another hanging-wall zone of significant size similar to the C...