| 18,000 Meter Drill Program Planned to Expand Gold Mineralization at FG Gold and Gold Creek Projects Vancouver, BC – Karus Gold Corp. (“Karus Gold” or the “Company”) announces details on its planned 2021 exploration program on the 1,000 square kilometer (“km”) South Cariboo Gold District in British Columbia (Figure 1). Karus Gold is planning a multi-staged program to realize the following objectives: FG Gold Expand newly discovered Lower Zone mineralization on-strike and down plunge of the 3.6 km historical resource area with a targeted drill program Continue to delineate controls for high-grade mineralization to apply to the additional 14 km of known strike Expand the potential strike of the controlling structure beyond the current 20 km with mapping, geochemistry, and geophysical surveys Gold Creek Expand gold mineralization and test structural controls to further define deposit with targeted drilling Expand the number of drill targets with mapping, geochemistry, and geophysical surveys South Cariboo Gold District Area Add new gold prospects to district inventory with property-scale airborne VTEM geophysical Develop drill targets at know gold occurrences on the district-scale land package using a mix of mapping, sampling, and geophysics Karus Gold CEO Andrew Kaip comments, “Our 2021 exploration program is designed to unlock value of the South Cariboo Gold District and demonstrate the potential of FG Gold to be a major orogenic gold deposit. Orogenic gold deposits are some of the world’s largest, having size and grade potential due to the geologic origins.” Mr. Kaip continues, “By the end of 2021, our aim is to demonstrate the FG Gold project is much larger than the historical resource suggests. We plan to establish the controls and expand the known gold mineralization at Gold Creek and advance several new targets on the property to the drill stage.” Karus Gold anticipates mobilization to the South Cariboo Gold District in late May, subject to financing and permitting, starting with a Phase 1 drill program at the Gold Creek project before moving onto the FG Gold project. Exploration activities are planned to increase through the summer months and peak with upwards of three drill rigs. At FG Gold, the majority of drilling will be directed toward expanding the footprint of gold mineralization down dip of the 3.6 km of known gold mineralization. Historical drilling within this area only tests to an average of 100 meters (“m”) below surface. Karus Gold has secured the necessary drill and exploration services contracts to complete the 2021 program and is awaiting the necessary permits from the B.C. Ministry of Energy, Mines and Low Carbon Innovation, which are anticipated to be received by mid-May 2021. |
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| About Karus Gold Corp. Karus Gold is 100% owner of the 1,000 km2 South Caribou Gold District 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 website at www.karusgold.com and at www.sedar.com, or by contacting us as info@karusgold.com or by telephone at (888) 455-7620. On behalf of Karus Gold ”Andrew Kaip” Chief Executive Officer (647) 515-7858 Investor Relations (604) 684-6730 kar@kincommunications.com Follow us on social media:    |
Kamloops Exploration Group (KEG) 2024 Conference and Trade Show
The inaugural KEG Conference took place 36 years ago led by a small group of dedicated individuals who were passionate about providing a platform to discuss industry-specific topics and create […]
