Announcement of High-Grade Drill Results

Investor webinar replay

Meeting Overview The meeting was led by Scott Eldridge, CEO of CannaGold, and focused on the recent drilling results from the New Polaris project in British Columbia. Key highlights included the announcement of high-grade intercepts from the first three drill holes of a 24,000-meter drilling campaign aimed at converting inferred resources to indicated status and exploring deeper geological potential. Key Discussion Points - Introduction of the 24,000-meter drill campaign at New Polaris. - Announcement of high-grade intercepts from the first three drill holes. - Discussion on the significance of infill drilling and its impact on resource classification. - Overview of corporate changes, including the name change from CanArc to CannaGold. - Financial updates including a successful financing round and current cash position. - Description of the geological setting and historical context of the New Polaris project. - Plans for deeper drilling to explore potential larger ore body beyond th...

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[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Hello everyone. [00:09] Speaker 1: Thanks for joining today. My name is Scott Eldridge and I'm CEO and Director of CannaGold [00:15] Speaker 1: And joining me today is Troy Gill. He's our Vice President Exploration. [00:20] Speaker 1: I'm sure by now everyone has had an opportunity to have a look at our news release. [00:25] Speaker 1: This morning we announced the 1st 3 drill holes at a 24, 000 meter drill campaign that we recently started in May [00:33] Speaker 1: at our flagship asset New Polaris located right here in British Columbia. [00:38] Speaker 1: And the headline [00:40] Speaker 1: high-grade intercepts are quite spectacular. They've exceeded our expectations [00:45] Speaker 1: from multiple different perspectives. [00:48] Speaker 1: And I'll just mention briefly here in the introduction that these are infill holes. [00:53] Speaker 1: They are high grade, [00:56] Speaker 1: 3 intercepts that are significantly higher than the average grade of the ore body. And these are also very mineable widths. [01:02] Speaker 1: So these are not exploration holes. These are infill holes that are designed to convert [01:08] Speaker 1: inferred up to indicated. [01:09] Speaker 1: And these 3 holes have literally hit the bread basket of what will become the mine. They do fall within the mine plan [01:16] Speaker 1: as designed in the PA. So we're pretty excited about these results. [01:21] Speaker 1: And these are only the 1st 3 holes out of 47. So there's plenty more news flow to come throughout the summer and fall here as we proceed. [01:29] Speaker 1: I will be making [01:31] Speaker 1: some forward-looking statements. So I'll direct your attention to our standard cautionary note. [01:39] ...