Canadian Gold Corp. Commences Phase 4 Drill Program at Tartan Mine
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) ha avviato il suo programma di perforazione Fase 4 presso la Tartan Mine, vicino a Flin Flon, Manitoba. Il programma si concentra su quattro aree chiave: estensione occidentale e riempimento tra 375-600 metri, definizione del fianco occidentale sotto la stima delle risorse precedenti, esplorazione più profonda e estensione più profonda della Zona Sud.
I precedenti lavori di perforazione della Fase 3 hanno fornito risultati significativi, tra cui intersezioni di 7.3 gpt oro su 7.0 metri, 7.2 gpt oro su 5.7 metri e 7.8 gpt oro su 4.0 metri. I risultati storici notevoli includono 4.2 gpt oro su 53.7 metri in perforazioni più profonde.
Canadian Gold Corp. (TSXV: CGC) ha iniciado su programa de perforación Fase 4 en la Tartan Mine cerca de Flin Flon, Manitoba. El programa se enfoca en cuatro áreas clave: extensión occidental y relleno entre 375-600 metros, definición de flanco occidental por debajo de la estimación de recursos previa, exploración más profunda, y extensión más profunda de la Zona Sur.
Los trabajos de perforación anteriores de la Fase 3 produjeron resultados significativos, incluyendo intersecciones de 7.3 gpt de oro sobre 7.0 metros, 7.2 gpt de oro sobre 5.7 metros, y 7.8 gpt de oro sobre 4.0 metros. Resultados históricos notables incluyen 4.2 gpt de oro sobre 53.7 metros en perforaciones más profundas.
캐나다 골드 코퍼레이션 (TSXV: CGC)는 매니토바 주 플린 플론 근처의 타르탄 광산에서 4단계 시추 프로그램을 시작했습니다. 이 프로그램은 네 가지 주요 영역에 중점을 두고 있습니다: 375-600미터 사이의 서쪽 연장 및 인필, 이전 자원 추정치 아래의 서쪽 경계 정의, 더 깊은 탐사, 그리고 남쪽 구역의 깊은 연장입니다.
이전 3단계 시추 결과는 7.3 gpt 금을 7.0미터에서, 7.2 gpt 금을 5.7미터에서, 7.8 gpt 금을 4.0미터에서 포함하여 중요한 결과를 나타냈습니다. 과거의 주목할 만한 결과로는 4.2 gpt 금을 53.7미터에서 기록한 깊은 시추 결과가 있습니다.
Canadian Gold Corp. (TSXV: CGC) a lancé son programme de forage de la Phase 4 à la Tartan Mine près de Flin Flon, Manitoba. Le programme se concentre sur quatre zones clés : l'extension occidentale et le remplissage entre 375-600 mètres, la définition du flanc ouest en dessous de l'estimation des ressources précédente, l'exploration plus profonde, et l'extension plus profonde de la Zone Sud.
Les forages de la Phase 3 ont produit des résultats significatifs, y compris des intersections de 7.3 gpt d'or sur 7.0 mètres, 7.2 gpt d'or sur 5.7 mètres, et 7.8 gpt d'or sur 4.0 mètres. Des résultats historiques remarquables comprennent 4.2 gpt d'or sur 53.7 mètres dans des forages plus profonds.
Canadian Gold Corp. (TSXV: CGC) hat sein Bohrprogramm der Phase 4 in der Tartan Mine nahe Flin Flon, Manitoba, gestartet. Das Programm konzentriert sich auf vier Schlüsselbereiche: westliche Erweiterung und Auffüllung zwischen 375-600 Metern, Definition des westlichen Flankens unter der vorherigen Ressourcenschätzung, tiefere Erkundung und tiefere Erweiterung der Südzone.
Die vorherigen Bohrungen der Phase 3 lieferten signifikante Ergebnisse, darunter Schnittpunkte von 7.3 gpt Gold über 7.0 Meter, 7.2 gpt Gold über 5.7 Meter und 7.8 gpt Gold über 4.0 Meter. Bemerkenswerte historische Ergebnisse umfassen 4.2 gpt Gold über 53.7 Meter in tiefen Bohrungen.
- Phase 3 drilling revealed high-grade gold intersections with up to 7.8 gpt over 4.0 metres
- Historical deep drilling showed significant results of 4.2 gpt gold over 53.7 metres
- Program aims to increase measured and indicated resource categories
- None.
Toronto, Ontario--(Newsfile Corp. - December 16, 2024) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce the commencement of its Phase 4 drill program at the Tartan Mine located near Flin Flon, Manitoba.
Phase 4 Exploration Program
The Company's Phase 4 drill program will look to build upon the success of the previous phases that have significantly expanded the mineralization at depth since the 2017 resource estimate (Fig. 1). The drill program will target four key areas discussed in detail below.
- Western extension and infill between 375 and 600 metres (Fig. 2): To advance the current resource estimate at the Main Zone, six holes are planned to test the western flank and infill large gaps between drill holes at depths ranging from 375 to 600 metres below surface. The objective of these holes will be to increase the total number of ounces per vertical metre, convert ounces to the measured and indicated categories and expand the inferred resources further west.
- Continue to define the western flank of the Main Zone below the previous resource estimate (Fig. 2): Drilling during Phase 3 successfully intersected high-grade gold along this western flank from 700 to 850 metres below surface. Drill assay results from Phase 3 included 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.
- Deeper Exploration with Limited Drilling (Fig. 2): To date, limited deeper drilling at the Main Zone has successfully intersected some of the best results in the project's history, including 4.2 gpt gold over 53.7 metres. Canadian Gold has been analyzing this zone and evaluating technical strategies in order to produce similar results, and accordingly, two holes are planned for this zone, located within the deeper part of the Main Zone.
- Deeper Extension of South Zone (Fig. 3): Two holes are planned for the South Zone below 300 metres with the objective of identifying the potential deeper extension.
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.
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 Long Section comparison of mineralization growth since the 2017 Mineral Resource Estimate.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3276/233902_63ea41cbf42c2b69_002full.jpg
Figure 2. Tartan Mine - Main Zone Long Section illustrating Phase 4 drill targets.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3276/233902_63ea41cbf42c2b69_003full.jpg
Figure 3. Tartan Mine - South Zone Long Section illustrating Phase 4 drill target.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3276/233902_63ea41cbf42c2b69_004full.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233902
FAQ
What are the key objectives of Canadian Gold Corp's Phase 4 drill program at Tartan Mine?
What were the best gold intersection results from Phase 3 drilling at Tartan Mine?
What depth ranges are being targeted in the Phase 4 drilling program?
What was the best historical drilling result at Tartan Mine's Main Zone?
