Canagold Summarizes Results of 30,000 m Infill Drill Program at New Polaris Project, BC, Highlights Include 13.6 gpt Over 25.1 m

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[{"type":"text","content":"Canagold Summarizes Results of 30,000 m Infill Drill Program at New Polaris Project, BC, Highlights Include 13.6 gpt Over 25.1 mVANCOUVER, BC / ACCESSWIRE / July 12, 2022 / Canagold Resources Ltd. (TSX:CCM, OTC-QB:CRCUF, Frankfurt:CANA) summarizes the results of the recently completed infill 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.Highlights:The infill drill holes delivered gold grades and mineralized widths that support and potentially improve on the current resource estimate at downhole depths as predicted by the geological model.Results confirmed the continuous, sheet-like, high-grade nature of the C-West Main (\"CWM\") deposit (Table 1).Table 1: Top 10 CWM Gold Mineralized Intercepts from the Infill Drill Program:Hole-IDFrom (m)To (m)Length (m)Au (gpt)Vein21-1800E3362.1387.225.113.6CWM21-1700E3362.7369.36.634.4CWM21-1783E2378.0391.013.015.8CWM21-1783E1323.0329.66.624.2CWM21-1783E5433.6437.53.930.8CWM21-1750E1299.0308.09.012.0CWM22-1844E2W2A571.8577.96.116.0CWM22-1665E1466.1468.12.042.5CWM21-1675E1A410.5414.84.319.3CWM21-1700E1A300.5304.33.820.7CWMDirectional drilling methods proved successful in locating pierce points on the CWM at the required infill spacing of 20 - 25 m especially at depth 300 m to 600 m below surface.15 Drill intercepts on the new C-9 and C-10 veins should add additional new resources at New Polaris (Table 2).Table 2: Highlight Gold Mineralized Intercepts for the C-9 and C-10 Veins:Hole-IDFrom (m)To (m)Length (m)Au (gpt)Vein21-1844E3414.4423.38.911.0C921-1905E2353.6363.59.98.10C921-1905E2380.9398.717.811.1C1021-1890E1343.0351.48.417.1C1022-1844E2W2A453.2475.822.65.27C10Multiple observations of visible gold in the drill core compared to previous drill programs.Step out deep exploration drill holes successfully confirmed the proof of concept that the CWM extends to depth down dip from the end of the known resource at 600 m below surface to at least 1,000 m depth highlighting the blue-sky potential of the project.The exploration holes also returned gold mineralized intercepts of shallower veins never before intersected by previous drilling, including 13.9 gpt Au over 4.2 m from 333.1 m down hole 21-2025E1W1.Other deeper drill holes intersected new gold mineralized veins (Table 3...

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