| Vancouver, Canada – September 22, 2021 – Canagold Resources Ltd. (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA) announces high-grade gold assays for four more drill holes from the ongoing 24,000 meter (m), 47-hole drill program at its 100% owned New Polaris Gold project in northwestern British Columbia, located 100 kilometers (km) south of Atlin and 60 km northeast of Juneau, Alaska. The focus of the drill program is infill and step-out drilling in the C West Main (“CWM”) vein system which hosts a major part of the gold resources at New Polaris. The intercepts reported below include results for two holes that also intercepted significant mineralization in a parallel vein (“C10”) located in the hanging-wall of the CWM vein. Highlights: Hole 21-1890E1 intersected 17.1 gpt Au over 8.4 m from 343.0 m in the C10 Vein and 8.58 gpt Au over 2.1 m from 442.5 m in the CWM Vein Hole 21-1890E2 intersected 7.25 gpt Au over 4.3 m from 368.0 m in the C10 Vein and 25.7 gpt Au over 2.1 m from 481.7 m in the CWM Vein Hole 21-1859E1 intersected 4.84 gpt Au over 2.2 m from 393.3 m in the CWM Vein Hole 21-1800E1 intersected 8.60 gpt Au over 2.5 m from 534.6 m in the CWM Vein Scott Eldridge, CEO and Director, said, “Intercepting high-grade gold over robust widths in the C10 vein parallel to the CWM vein was an unexpected bonus. The C10 vein has returned high-grade gold results in the past, but we have not previously estimated any resources for it. With these new drill results and further drilling, there is an opportunity for the C10 vein to add additional resources at New Polaris. “Additionally, we continue to intercept high-grade gold results in every infill drill hole intersecting the CWM vein. These drill results fall within the PEA mine plan and increase the density of drilling in the deposit so that we can upgrade inferred resources to indicated resources. We anticipate further assays from both the C10 and W West veins in the coming weeks.” The Company will host a webinar today at 9:00 am PDT / 12:00 pm EDT where management will be available to answer questions following the presentation. Online registration and participation details may be found at the following link: REGISTER HERE  CLICK HERE FOR THE FULL PRESS RELEASE |
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 […]
