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Canagold Resources Continues to Intercept Strong Mineralization in Resource Expansion Drilling Program at New Polaris
VANCOUVER, British Columbia / Aug 29, 2024 / Business Wire / Canagold Resources Ltd. (“Canagold” or the “Company”) (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA), a
About this update from Canagold Resources Ltd
[{"type":"text","content":"VANCOUVER, British Columbia / Aug 29, 2024 / Business Wire / Canagold Resources Ltd. (“Canagold” or the “Company”) (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA), announces sample assay results from an additional 26 drill holes from the resource expansion drill program targeting the North Zone 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. Highlights of the gold mineralization that was intersected are shown below and details of the holes are shown in Table 1. Highlights 20.2 grams per tonne (“gpt”) gold (“Au”) over 4.4 m from 121.6 m down hole in Hole NP24-09 Including 26.9 gpt Au over 3.0 m from 123.0 m 18.3 gpt Au over 4.5 m from 69.8 m down hole in Hole NP24-28 Including 33.6 gpt Au over 2.0 m from 72.3 m 14.9 gpt Au over 2.1 m from 106.7 m down hole in Hole NP24-11 Including 30.1 gpt Au over 1.7 m from 106.7 m 12.4 gpt Au over 3.2 m from 213.3 m down hole in Hole NP24-25 Including 19.7 gpt Au over 1.0 m from 213.3 m 9.4 gpt Au over 9.8 m from 153.0 m down hole in Hole NP24-09 Including 15.6 gpt Au over 2.6 m from 154.5 m Catalin Kilofliski, Canagold’s CEO, stated, “The results from this additional drilling are encouraging, as they highlight the potential to expand the shallow, high-grade resources* already identified at the New Polaris Project. We eagerly await the receipt of all assays and the opportunity to model this new mineralization.” *The New Polaris resource is contained within an Updated Resource report which was prepared by Moose Mountain Technical Services in the format prescribed by NI43-101 Standards of Disclosure for Mineral Projects, and filed on Sedar June 30, 2023. Additional Drilling Highlights Hole ID Interval* (m) Au (gpt) From (m) Including NP24-09 2.5 m 10.5 gpt 74.8 m 23.8 gpt Au / 0.9 m from 74.8 m NP24-10 1.6 m 10.0 gpt 205.5 m NP24-11 2.1 m 10.2 gpt 61.3 m 20.4 gpt Au / 1.0 m from 61.3 m NP24-12 2.5 m 8.5 gpt 80.8 m 14.7 gpt Au / 1.0 m from 80.0 m NP24-12 1.8 m 10.0 gpt 85.5 m NP24-13 2.3 m 12.8 gpt 246.1 m 17.3 gpt Au / 1.6 m from 246.9 m NP24-14 0.8 m 13.5 gpt 184.6 m NP24-14 2.0 m 15.6 gpt 214.8 m NP24-15 1.4 m 14.9 gpt 34.1 m NP24-15 4.2 m 9.9 gpt 79.8 m 17.3 gpt Au / 2.0 m from 82.0 m NP24-16 0.9 m 20.9 gpt 138.8 m NP24-17 2.3 m 21.7 gpt 51.7 m 25...