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C2C Gold Commences Trenching Program at the Lake Douglas Gold Project, Newfoundland
Vancouver, British Columbia, Dec. 09, 2021 (GLOBE NEWSWIRE) -- C2C Gold Corp. (CSE: CTOC; OTCQB:CTCGF) (the “Company” or “C2C”), is pleased to announce the Comp
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[{"type":"text","content":" Vancouver, British Columbia, Dec. 09, 2021 (GLOBE NEWSWIRE) -- C2C Gold Corp. (CSE: CTOC; OTCQB:CTCGF) (the “Company” or “C2C”), is pleased to announce the Company has commenced an excavator trenching program at its Lake Douglas property, located in the Central Newfoundland Gold Belt. The trenching program follows successful prospecting, rock sampling, and geological mapping activities focused on the northwest part of the Lake Douglas property. Lake Douglas Property The Lake Douglas property (21.75 km2) covers a section of the Valentine Lake Shear Zone, on-strike with the Valentine Gold Project. Marathon Gold’s Valentine Gold Project is located 15 km to the southwest on the same structural trend. The Lake Douglas property is also located less than 5 km on-strike from a number of gold prospects on adjacent mineral claims being explored by Canterra Minerals Corporation. Among the prospects located on Canterra’s adjacent property are several gold in bedrock targets, where previous drilling returned intercepts of 10.0 g/t Au over 5.35 m core length, including 49.9 g/t Au over 0.98 m.1 The Lake Douglas property is part of C2C’s joint venture with Buchans Resources Limited (“Buchans”).2 Buchans completed a soil sampling program in 2018 at the Lake Douglas property. Several multi-line gold anomalies ranging up to 200 m in length with anomalous values up to 317 ppb gold were identified.3 To view C2C project maps please visit: https://bit.ly/33dGeLO About Buchans Resources Limited On August 4, 2021 C2C entered an option and joint venture agreement with Buchans pursuant to which Buchans will grant C2C an option to acquire up to a 70% ownership interest in 91 km2 covering the Lake Douglas and South Tally properties, located in the Central Newfoundland Gold Belt, Canada. Both properties cover key fault structures considered prospective for orogenic-style gold mineralization. Buchans Resources currently holds interests in zinc, lead, silver properties located in Newfoundland; gold properties in Newfoundland and in Labrador; nickel, copper, cobalt properties in Labrador, and indirectly through its shareholding in Xtierra Inc. in base metal and silver projects in Mexico, and, through its shareholding in Minco Exploration plc, in base metal exploration licences in Ireland. In addition to the trenching work at Lake Douglas, fieldwork is w...