Canadian Gold Corp. Announces Tartan Mine Delivers Rich Results
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) ha annunciato risultati significativi dal suo ongoing programma di perforazione Fase 4 presso il Progetto Minerario Tartan Gold vicino a Flin Flon, Manitoba. I punti salienti includono un'intersezione di 19,4 gpt di oro su 4,5 metri all'interno di un intervallo più ampio di 7,4 gpt di oro su 13,5 metri nel foro TLMZ21-11W1, e 8,0 gpt di oro su 5,2 metri nel foro TLMZ21-04W3.
Il programma di perforazione ha mirato con successo a un'area non perforata della Main Zone e ha continuato l'espansione lungo il fianco occidentale. Dalla stima delle risorse del 2017, l'azienda ha completato oltre 23.000 metri di perforazione, espandendo l'estensione verticale della mineralizzazione dell'oro di circa il 79%, da 575 metri a 1.030 metri sotto la superficie.
Ulteriori perforazioni sono pianificate per la South Zone e il fianco occidentale della Main Zone, con analisi in attesa da due fori contenenti occorrenze visibili di oro.
Canadian Gold Corp. (TSXV: CGC) ha anunciado resultados significativos de su programa de perforación en curso Fase 4 en el Proyecto Minero Tartan Gold cerca de Flin Flon, Manitoba. Los aspectos más destacados incluyen una intersección de 19,4 gpt de oro sobre 4,5 metros dentro de un intervalo más amplio de 7,4 gpt de oro sobre 13,5 metros en el agujero TLMZ21-11W1, y 8,0 gpt de oro sobre 5,2 metros en el agujero TLMZ21-04W3.
El programa de perforación se dirigió con éxito a un área no perforada de la Main Zone y continuó la expansión a lo largo del flanco occidental. Desde la estimación de recursos de 2017, la empresa ha completado más de 23,000 metros de perforación, expandiendo la extensión vertical de la mineralización de oro en aproximadamente un 79%, de 575 metros a 1,030 metros por debajo de la superficie.
Se planean perforaciones adicionales para la South Zone y el flanco occidental de la Main Zone, con análisis pendientes de dos agujeros que contienen ocurrencias visibles de oro.
캐나다 골드 코퍼레이션 (TSXV: CGC)은 매니토바주 플린 플론 근처의 타탄 광산 골드 프로젝트에서 진행 중인 4단계 시추 프로그램의 중요한 결과를 발표했습니다. 주요 하이라이트로는 홀 TLMZ21-11W1에서 4.5미터에 걸쳐 19.4 gpt의 금이 포함된 넓은 구간의 13.5미터에 걸쳐 7.4 gpt의 금을 포함한 교차점이 있으며, 홀 TLMZ21-04W3에서는 5.2미터에 걸쳐 8.0 gpt의 금이 발견되었습니다.
시추 프로그램은 Main Zone의 미지 취약지역을 성공적으로 목표로 하였으며, 서쪽 경사면을 따라 확장을 계속하고 있습니다. 2017년 자원 추정 이후, 회사는 23,000미터 이상의 시추를 완료하였으며, 금 광물화의 수직적 범위를 약 79% 확장시켜 지표 아래 575미터에서 1,030미터까지 증가시켰습니다.
South Zone과 Main Zone의 서쪽 경사면에 대한 추가 시추가 계획되어 있으며, 눈에 보이는 금 존재가 포함된 두 개의 홀에 대한 분석이 기다리고 있습니다.
Canadian Gold Corp. (TSXV: CGC) a annoncé des résultats significatifs de son programme de forage en cours Phase 4 au projet de mine d'or Tartan situé près de Flin Flon, Manitoba. Les principaux points comprennent une intersection de 19,4 gpt d'or sur 4,5 mètres dans un intervalle plus large de 7,4 gpt d'or sur 13,5 mètres dans le trou TLMZ21-11W1, et 8,0 gpt d'or sur 5,2 mètres dans le trou TLMZ21-04W3.
Le programme de forage a réussi à cibler une zone non forée de la Main Zone et a poursuivi l'expansion le long du flanc occidental. Depuis l'estimation des ressources de 2017, la société a complété plus de 23 000 mètres de forage, augmentant l'extension verticale de la minéralisation aurifère d'environ 79 %, passant de 575 mètres à 1 030 mètres sous la surface.
Des forages supplémentaires sont prévus pour la South Zone et le flanc occidental de la Main Zone, avec des analyses en attente de deux trous contenant des occurrences visibles d'or.
Canadian Gold Corp. (TSXV: CGC) hat bedeutende Ergebnisse aus seinem laufenden Phase-4-Bohrprogramm im Tartan-Mine-Gold-Projekt in der Nähe von Flin Flon, Manitoba, bekannt gegeben. Zu den Schlüsselergebnissen gehört eine Intersektion von 19,4 gpt Gold über 4,5 Meter innerhalb eines breiteren Intervalls von 7,4 gpt Gold über 13,5 Meter im Bohrloch TLMZ21-11W1 sowie 8,0 gpt Gold über 5,2 Meter im Bohrloch TLMZ21-04W3.
Das Bohrprogramm zielte erfolgreich auf einen unerschlossenen Bereich der Main Zone ab und setzte die Erweiterung entlang des westlichen Abhangs fort. Seit der Ressourcenschätzung von 2017 hat das Unternehmen über 23.000 Meter gebohrt und die vertikale Ausdehnung der Goldmineralisierung um etwa 79 % erweitert, von 575 Metern auf 1.030 Meter unter der Oberfläche.
Zusätzliche Bohrungen sind für die South Zone und den westlichen Abhang der Main Zone geplant, und es stehen noch Analysen von zwei Bohrlöchern aus, die sichtbare Goldvorkommen enthalten.
- High-grade gold intersection of 19.4 gpt over 4.5m within 7.4 gpt over 13.5m
- Western flank expansion with 8.0 gpt gold over 5.2m
- 79% vertical expansion of gold mineralization since 2017
- 90% width expansion of Main Zone over 50-metre stretch
- Visible gold observed in pending drill holes
- True widths of the system are not yet known due to lack of drilling
19.4 gpt Gold over 4.5 M Within 7.4 gpt Gold over 13.5 M Western Flank Continues to Grow 8.0 gpt Gold over 5.2 M
Toronto, Ontario--(Newsfile Corp. - February 10, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce that ongoing exploration of the Tartan Mine Gold Project, near Flin Flon, Manitoba, continues to yield positive results in resource expansion, definition, and deepening the geological team's understanding of the project.
These recent results from the Company's ongoing Phase 4 drill program successfully met their objectives, namely: 1) Target a large undrilled area of the Main Zone located between historic and recent exploration holes below the limit of the 2017 resource estimate (Fig. 1), and 2) continue to build gold ounces along the western flank of the Main Zone, where the Company has been intersecting encouraging results, as highlighted in prior news releases (Fig. 1). Additionally, assays are pending along the deeper portion of the western flank, which appears promising and contains occurrences of visible gold.
Initial Phase 4 Drill Highlights
- Hole TLMZ21-11W1 intersected a high-grade area of the Main Zone with significant visible gold (Fig. 2), returning 19.4 gpt gold over 4.5 metres within a wider interval of 7.4 gpt gold over 13.5 metres. This drill hole targeted a 90-metre gap in the Main Zone at 590 metres below surface, which was below the lower limit of the resource estimate (Fig. 1). Additional drilling of this area is warranted and could demonstrate a particularly rich part of the orebody that could potentially deliver increased gold grades and enhanced economics for the deposit.
- Hole TLMZ21-04W3 continued with the Company's plan of growing the western limits of the Main Zone, returning 8.0 gpt gold over 5.2 metres, including 12.5 gpt gold over 2.55 metres, and expanding the width of the Main Zone by approximately 90% over a 50-metre stretch between 525 and 580 metres below surface (Fig. 1). The Company's geological team believes that there remains excellent potential to grow the limits of the Main Zone to the west and east, where similar growth opportunities may exist. Two additional holes further targeting the western limits between 680 and 730 metres below surface are currently pending. Both holes were drilled another 40 to 50 metres to the west and contained occurrences of visible gold.
- Additional planned drilling for the Phase 4 program includes a deeper test of the South Zone, which is currently underway (Fig. 3), and two deep holes along the western flank of the Main Zone (Fig. 1). The drilling is designed to maximize the total potential gold ounces before the Company makes a decision on commencing an updated mineral resource estimate and mine economics study.
Since the previous resource estimate was published in 2017, the Company has completed over 23,000 metres of drilling, expanding the vertical extent of the gold mineralization by approximately
Table 1. Drilling Assay Highlights
| Drill Hole | From (metres) | To (metres) | Interval1 (metres) | Depth Below Surface (metres) | Gold Grade (gpt) | Zone2 |
| TLMZ21-11W1 | 692.00 | 705.50 | 13.50 | 590 | 7.4 | MZ |
| Including | 697.00 | 701.50 | 4.50 | 19.4 | ||
| Including | 697.00 | 698.00 | 1.00 | 67.4 | ||
| TLMZ21-04W1 | 661.75 | 668.70 | 6.95 | 550 | 3.2 | MZ |
| Including | 664.75 | 665.75 | 1.00 | 5.2 | ||
| And Including | 667.70 | 668.70 | 1.00 | 7.6 | ||
| TLMZ21-04W2 | 677.50 | 689.50 | 12.00 | 580 | 3.9 | MZ |
| Including | 683.00 | 686.00 | 3.00 | 4.7 | ||
| Including | 683.00 | 684.00 | 1.00 | 7.2 | ||
| And Including | 685.00 | 686.00 | 1.00 | 6.0 | ||
| And | 648.00 | 649.00 | 1.00 | 570 | 2.2 | HWZ |
| And | 654.00 | 655.00 | 1.00 | 5.1 | ||
| TLMZ21-04W3 | 645.00 | 655.00 | 10.00 | 525 | 5.3 | MZ |
| Including | 645.70 | 650.90 | 5.20 | 8.0 | ||
| Including | 648.35 | 650.90 | 2.55 | 12.5 | ||
| Including | 650.00 | 650.90 | 0.90 | 20.4 |
1Interval widths reported; true widths of the system are not yet known due to lack of drilling.
2MZ and HWZ refers to the Main Zone and Hanging Wall Zone.
Table 2. Details of Drill Holes Reported in This Press Release
| Drill Hole | Azimuth (Degrees) | Dip (Degrees) | Length (metres) | Easting (UTM) | Northing (UTM) |
| TLSZ21-11W1 | 207 | -63.5 | 740 | 324473 | 6082450 |
| TLMZ21-04W1 | 208 | -64 | 701 | 324450 | 6082401 |
| TLMZ21-04W2 | 208 | -64 | 710 | 324450 | 6082401 |
| TLMZ21-04W3 | 208 | -64 | 677 | 324450 | 6082401 |
For Further Information, Please Contact:
Michael Swistun, CFA
President & CEO
Canadian Gold Corp.
(204) 232-1373
info@canadiangoldcorp.com
Qualified Person
The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, P. Geo., Consulting Geologist for the Company, and a Qualified Person as defined under National Instrument 43-101.
Technical Information
The samples collected by Canadian Gold Corp. described in this news release were transported in secure sealed bags for preparation and assay by ALS Labs in Thunder Bay, Ontario. The samples reported were crushed in their entirety to
About Canadian Gold Corp.
Canadian Gold Corp. is a Toronto-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past producing Tartan Mine, located in Flin Flon, Manitoba. The historic Tartan Mine currently has a 2017 indicated mineral resource estimate of 240,000 oz gold (1,180,000 tonnes at 6.32 g/t gold) and an inferred estimate of 37,000 oz gold (240,000 tonnes at 4.89 g/t gold). The Company also holds a
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of the Company contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Canadian Gold's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
Figure 1. Tartan Mine - Main Zone Longitudinal Section illustrating the location of the Phase 4 drilling.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3276/240225_57378e5e543eeb2f_001full.jpg
Figure 2. Tartan Mine - Main Zone Intersection in hole TLMZ21-11W1.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3276/240225_57378e5e543eeb2f_002full.jpg
Figure 3. Tartan Mine - South Zone Longitudinal Section illustrating the location of the Phase 4 drilling.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3276/240225_57378e5e543eeb2f_003full.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240225
FAQ
What are the latest gold grades reported from Canadian Gold's Tartan Mine?
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