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Canarc Optionee Ophir Gold Discovers New Mineralized Vein System at the Breccia Gold Property, Idaho, USA; Rock Samples Assay up to 69 gpt Au and 27.5 gpt Ag
VANCOUVER, BC / ACCESSWIRE / November 18, 2020 / Canarc Resource Corp. (TSX:CCM)(OTCQB:CRCUF)...
About this update from Canagold Resources Ltd
[{"type":"text","content":"Canarc Optionee Ophir Gold Discovers New Mineralized Vein System at the Breccia Gold Property, Idaho, USA; Rock Samples Assay up to 69 gpt Au and 27.5 gpt AgVANCOUVER, BC / ACCESSWIRE / November 18, 2020 / Canarc Resource Corp. (TSX:CCM)(OTCQB:CRCUF)(Frankfurt:CAN), announces that Ophir Gold Corp. (previously Minkap Resources), has released results of their recently completed surface exploration program at the Lightning Tree property, located in Lemhi County, Idaho, approximately 40 km southwest of Salmon. Ophir holds an option to purchase Lightening Tree from Canarc by paying cash, issuing shares and granting an NSR royalty to Canarc over three years.The 2020 field work is the first exploration of the Lightning Tree Property by Ophir following completion of the acquisition and amalgamation into the Breccia Gold property in September 2020 (see news releases dated July 6, 2020 and September 15, 2020). The exploration program focused on regional targets as well as areas proximal to the main high-grade Breccia Zone and included rock and soil sampling as well as a ground magnetic survey. Rock and soil sampling successfully highlighted the potential of the Breccia Zone and was also successful in locating two new anomalous gold areas; east on the Lightning Tree Property (the \"East Breccia Zone\"), and north (the \"North Meadows Fault Zone\") (Table 1) (Figure 1) of the Breccia Zone.Highlights of the exploration program include:Discovery of a strongly mineralized vein system (East Breccia Zone) proximal to the main Breccia ZoneOutcrop rock sample assays of 57.6 gt Au and 19.6 gpt Ag; and 30.2 gpt Au and 7.4 gpt AgBoulder sample assay of 69 gpt Au and 27.5 gpt AgStrong and extensive (600 x 400 m) gold in soil anomaly identified (North Meadows Fault Zone), situated north of and along strike of the high-grade Breccia ZoneOutcrop assay of 25.2 gpt Au and 8.9 gpt Au collected approximately 800 m north along the trend of the Breccia Zone, coincident with the gold in soil anomalyThe newly discovered East Breccia Zone is located approximately 100 m east of, and parallel to, the Breccia Zone and is characterized by multiple mineralized quartz veins in outcrop, which range from approximately 1 to 2 m in width. Precious metal assays from this zone include 69 gpt Au and 27.5 gpt Ag (boulder); 57.6 gpt Au and 19.6 gpt Ag (outcrop); and 30.2 gpt Au...