Canadian Gold - STRRF STOCK NEWS

Canadian Gold Corp. has announced new drill results from its Phase 4 program at the Tartan Mine near Flin Flon, Manitoba. Two holes successfully expanded high-grade mineralization along the western flank by approximately 60 metres, with depths between 680 and 720 metres below surface.

Key highlights include: Hole TLMZ21-03W3 yielded 11.6 gpt gold over 5.1 metres, including 18.7 gpt gold over 1.0 metre. Hole TLMZ21-03W2 intersected 7.1 gpt gold over 6.0 metres, including 30.5 gpt gold over 0.5 metre.

The company reports a 90% success rate (26 of 29 holes) in intersecting potentially economic mineralization within the Main Zone. Since the 2017 resource estimate, over 23,000 metres of drilling has expanded vertical gold mineralization by 79%, from 575 to 1,030 metres below surface.

Canadian Gold Corp. (TSXV: CGC) has announced significant results from its ongoing Phase 4 drill program at the Tartan Mine Gold Project near Flin Flon, Manitoba. Key highlights include an intersection of 19.4 gpt gold over 4.5 metres within a wider interval of 7.4 gpt gold over 13.5 metres in hole TLMZ21-11W1, and 8.0 gpt gold over 5.2 metres in hole TLMZ21-04W3.

The drilling program successfully targeted an undrilled area of the Main Zone and continued expansion along the western flank. Since the 2017 resource estimate, the company has completed over 23,000 metres of drilling, expanding the vertical extent of gold mineralization by approximately 79%, from 575 metres to 1,030 metres below surface.

Additional drilling is planned for the South Zone and western flank of the Main Zone, with pending assays from two holes containing visible gold occurrences.

Canadian Gold Corp (TSXV: CGC) has successfully completed its private placement offering with total oversubscribed proceeds of $775,089. The financing was completed in two tranches: a first tranche of $500,000 through the issuance of 2,631,579 flow-through shares at $0.19 per share on December 13, 2024, and a second tranche of $275,089 through 1,447,837 flow-through shares at the same price. In total, 4,079,416 shares were issued, with $27,005.33 paid in finders fees. The proceeds will be allocated to Canadian exploration projects, qualifying as Canadian Exploration Expenditures (CEE). All issued securities are subject to a four-month hold period.

Canadian Gold Corp. (TSXV: CGC) has initiated its Phase 4 drill program at the Tartan Mine near Flin Flon, Manitoba. The program focuses on four key areas: western extension and infill between 375-600 meters, western flank definition below previous resource estimate, deeper exploration, and South Zone deeper extension.

Previous Phase 3 drilling yielded significant results, including intersections of 7.3 gpt gold over 7.0 metres, 7.2 gpt gold over 5.7 metres, and 7.8 gpt gold over 4.0 metres. Notable historical results include 4.2 gpt gold over 53.7 metres in deeper drilling.

Canadian Gold Corp. (TSXV: CGC) has announced the initial closing of its private placement offering's first tranche. The company issued 2,631,579 flow-through shares at $0.19 per share, raising gross proceeds of $500,000. The company paid $12,000 in finders fees to eligible finders, and all securities are subject to a four-month hold period. The proceeds will be used for Canadian Exploration Expenditures (CEE) on the company's Canadian exploration projects.

Canadian Gold Corp (TSXV: CGC) announces a non-brokered private placement offering of up to $750,000 through flow-through common shares at $0.19 per share. The proceeds will fund eligible Canadian exploration expenditures at the Tartan Mine near Flin Flon, Manitoba. The Phase 4 exploration program targets four key areas: western extension and infill between 375-600 metres, western flank definition below previous resource estimate, deeper exploration, and South Zone extension. Previous Phase 3 drilling yielded significant results, including intersections of 7.3 gpt gold over 7.0 metres and 4.2 gpt gold over 53.7 metres.

Canadian Gold Corp. (TSXV: CGC) has issued a clarification regarding news releases incorrectly disseminated under its ticker by third-party wire services. The company confirms that during fall 2024, it has only released three official announcements: Phase 3 Drilling results at Tartan Mine on November 14, showing multiple high-grade intercepts; Initial Phase 3 Drilling results on October 16, reporting 7.3 gpt gold over 7.0 metres; and Hammond Reef South surface sampling results on September 25, yielding 11.6 gpt gold. The company has notified wire services to address these erroneous releases.

Canadian Gold Corp. has announced significant results from its Phase 3 Drill Program at the Tartan Mine near Flin Flon, Manitoba. The drilling has extended high-grade mineralization along the western limits of the Main Zone and revealed potential for lower-grade bulk tonnage mining. Notable intercepts include 7.2 gpt gold over 5.7 metres and 5.1 gpt gold over 6.2 metres within a wider zone of 4.4 gpt gold over 17.8 metres. The program has successfully extended the Main Zone by 50 metres westward between 770 and 860 vertical metres below surface, demonstrating excellent grade and width continuity.

Canadian Gold Corp. (TSXV: CGC) has announced initial results from its Phase 3 Drill Program at the Tartan Mine near Flin Flon, Manitoba. The program has successfully extended high-grade mineralization along the western limits of the Main Zone (MZ) and discovered a potential new parallel zone 100 metres south of the MZ. Key highlights include:

1) An intersection of 7.3 gpt gold over 7.0 metres, including 12.0 gpt gold over 3.0 metres in drill hole TLSZ24-29W2, extending the zone 27 metres west and down plunge.

2) Discovery of a potential new zone returning 6.0 gpt gold over 3.0 metres including 15.9 gpt gold over 1.0 metres, located 475 metres below surface.

The company is preparing to update its mineral resource estimate and conduct a new Preliminary Economic Assessment (PEA) study, incorporating results from approximately 21,000 additional metres of drilling.