|Vancouver, BC – Karus Gold Corp (“Karus Gold” or the “Company”) announces additional high-grade gold drill results including 12.4 meters (“m”) of 4.3 g/t gold in hole FG-20-376, starting at 239.4 m downhole in the Lower Zone of the FG Gold Project (“Project” or “FG Gold”), part of the 1,000 square kilometer (“km”) South Cariboo Gold Property in British Columbia. Highlights FG-20-376, 100 m from the discovery hole FG-20-377 (3m of 6.4 g/t gold) returned 20.9m of 2.9 g/t gold, confirming the continuity of gold mineralization within the Lower Zone discovery and includes: 4 m of 4.3 g/t gold at 239.4 m downhole, including: 1 m of 38.0 g/t gold at 240.3 m downhole FG-20-378 returning 62.3 m of 1.7 g/t gold confirms higher grades than those previously reported in FG-20-368 including: 6 m of 9.7g/t gold at 195.9 m. Drilling further strengthens the understanding of the geology and highlights underground potential for FG Gold with 3.6 km of mineralized strike and unconstrained depth potential. Assays pending for nine additional holes over 1,800 m of lateral strike length in which all have intersected quartz veining in the Lower Zone in which four of these holes showed visible gold. Project remains vastly underexplored along a >20-km trend, providing many opportunities for resource expansion and new discoveries on-strike and down dip. Karus Gold CEO, Andrew Kaip, comments, “To date, the results from the 2020 drilling program support our belief that FG Gold is a large orogenic gold system many times larger than the historical resource area. Results indicate that the Company is finding further, high grade mineralized zones well outside of historical drilling, providing greater confidence in the structural interpretation and geologic model of the FG Gold deposit.” For more information about Karus Gold, please visit our website and check out our current Corporate Presentation.|
|About Karus Gold Corp.
Karus Gold is 100% owner of the 1,000 km2 South Caribou Gold Project that includes the drill-stage FG Gold and Gold Creek projects in British Columbia. Karus Gold is supported by strategic investors Eric Sprott; and insiders, together with the management and Board, own approximately 59% of the basic shares outstanding. Further information on Karus Gold and its assets can be found on the Company’s updated website at www.karusgold.com and at www.sedar.com, or by contacting us as firstname.lastname@example.org or by telephone at (888) 455-7620. On behalf of Karus Gold ”Andrew Kaip”
Chief Executive Officer