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C2C Gold Commences Work at South Tally Project, Central Newfoundland Gold Belt
VANCOUVER, British Columbia, June 07, 2022 (GLOBE NEWSWIRE) -- C2C Gold Corp. (CSE:CTOC; OTCQB:CTCGF) (the “Company” or “C2C”) announced today the commencement
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[{"type":"text","content":" VANCOUVER, British Columbia, June 07, 2022 (GLOBE NEWSWIRE) -- C2C Gold Corp. (CSE:CTOC; OTCQB:CTCGF) (the “Company” or “C2C”) announced today the commencement of the 2022 exploration season with the initial work being conducted on the South Tally project. An airborne drone geophysical survey, now underway, will provide a high-resolution survey which the technical team will utilize to map the surface and identify structures in the subsurface. The survey, instrumental to determining the geometry end extent of fault zones and host rocks, provides a valuable tool in areas with till cover that may be obscure quartz and gold outcrops. Commencement of additional exploration work on C2C projects is planned across other projects. On August 4th, 2022, the Company announced it enters an option and joint venture agreement with Buchans Resources Limited (“Buchans”) pursuant to which Buchans will grant C2C an option to acquire up to a 70% ownership interest in 364 mineral claims (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. To view C2C project maps please visit: https://bit.ly/3m8sjgd. South Tally Project The South Tally property (69.25 km2) is contiguous with the southeast boundary of C2C’s Barrens Lake property. The South Tally property has traditionally been explored for VMS-style base metal mineralization. It remains essentially unexplored for gold despite the property covering an area hosting anomalous gold values detected within several Newfoundland and Labrador Geological Survey’s regional geochemical datasets. In addition to the project’s gold potential, both Buchans and C2C are encouraged by the property’s potential to host new base metal discoveries, as the property covers a 20 km extension to the Tally Pond volcanic belt that hosts Teck Resources’ former Duck Pond mine, located less than 4 km on strike of the South Tally property. About Buchans Resource Limited. 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 projec...