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Summary of High-Grade Drill Intercepts in the C-9 and C-10 Veins at the New Polaris Project in BC
VANCOUVER, BC / ACCESSWIRE / November 30, 2021 / Canagold Resources Ltd. (TSX:CCM)(OTCQB:CRCU...
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[{"type":"text","content":"Summary of High-Grade Drill Intercepts in the C-9 and C-10 Veins at the New Polaris Project in BCVANCOUVER, BC / ACCESSWIRE / November 30, 2021 / Canagold Resources Ltd. (TSX:CCM)(OTCQB:CRCUF)(Frankfurt:CANA) summarizes the expanding number of high-grade drill intercepts that define two hanging-wall veins, the C-9 and C-10 Veins, which are separate from the C-West Main Vein (\"CWM\"). Most of the current gold resources are located in the CWM Vein so the recent drilling in the C-9 and C-10 Veins should help expand the current gold resources.The Company's on-going 24,000 meter (m), 47 hole drill program is progressing well 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. Drilling is expected to be completed by year-end and assays are anticipated monthly but final assays could take until late March due to the backlog of samples at all commercial laboratories in Canada.Several drill holes of this infill drill program have returned significant intercepts of gold mineralization in two hanging-wall veins of the CWM Vein system. Combined with holes previously drilled in 1995 and 2006, the number of intercepts to date include nine in the C-9 vein and thirteen in the C-10 vein. Highlights of the intercepts are shown in Table 1 below. All the drill hole collar information is provided in Table 2 and the mineralized intercepts from both veins in Table 3.Table 1: C-9 and C-10 Veins Highlight Intercepts:VeinHole No:Down-Hole Depth: mLength (m) *Au g/tC-9P95C42318.63.813.7C-906-1859E2297.51.614.9C-921-1844E3414.48.911.0C-921-1905E2353.69.98.10C-1006-1813E2313.31.612.7C-1006-1859E2336.22.115.6C-1021-1844E3438.73.014.5C-1021-1890E1343.08.417.1C-1021-1905E2380.917.811.1* Based on the current spacing of the drill hole intercepts the exact attitude of these veins remains open to interpretation, so the true widths have not been calculated at this time.Scott Eldridge, CEO and Director, said \"The rising number of thick, high grade drill intercepts in the C-9 and C-10 veins from this year's infill drill program is bringing about a rethinking of the economic potential of the other parallel veins in the stacked C vein system. The C-9 and C-10 occur in the southeast lower quadrant of the CWM drill area just west of the No. 1 Fault (See Drill Hole ...