Canadian Gold Corp. Phase 3 Drilling at Tartan Mine Returns Multiple High-Grade Intercepts over Good Widths Extending Main Zone to the West Well Below Resource; Potential to Expand Resource Remains Excellent
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. ha annunciato risultati significativi dal suo Programma di Drilling Fase 3 nella Tartan Mine vicino a Flin Flon, Manitoba. Il drilling ha esteso la mineralizzazione ad alta qualità lungo i limiti occidentali del Main Zone e ha rivelato il potenziale per un mining di massa a bassa gradazione. Gli intercettamenti notevoli includono 7.2 gpt di oro su 5.7 metri e 5.1 gpt di oro su 6.2 metri all'interno di una zona più ampia di 4.4 gpt di oro su 17.8 metri. Il programma ha esteso con successo il Main Zone di 50 metri verso ovest tra 770 e 860 metri verticali sotto la superficie, dimostrando un'eccellente continuità di qualità e ampiezza.
Canadian Gold Corp. ha anunciado resultados significativos de su Programa de Perforación de Fase 3 en la Mina Tartan cerca de Flin Flon, Manitoba. La perforación ha extendido la mineralización de alta ley a lo largo de los límites occidentales de la Zona Principal y ha revelado potencial para minería de tonelaje masivo de menor ley. Intercepciones notables incluyen 7.2 gpt de oro sobre 5.7 metros y 5.1 gpt de oro sobre 6.2 metros dentro de una zona más amplia de 4.4 gpt de oro sobre 17.8 metros. El programa ha extendido exitosamente la Zona Principal en 50 metros hacia el oeste, entre 770 y 860 metros verticales por debajo de la superficie, demostrando una excelente continuidad en ley y ancho.
캐나다 골드 코프(Canadian Gold Corp.)는 매니토바(Manitoba) 플린 플론(Flin Flon) 근처의 타르탄 광산(Tartan Mine)에서 진행한 3단계 시추 프로그램의 중요한 결과를 발표했습니다. 이번 시추에서는 서부 주요 구역의 고품질 광맥을 확장하였고, 저품질 대량 채굴의 가능성을 보여주었습니다. 주목할 만한 시추 결과로는 5.7미터에서 7.2gpt의 금과 6.2미터에서 5.1gpt의 금이 포함되며, 이는 17.8미터에서 4.4gpt 금의 더 넓은 구역의 일부입니다. 이 프로그램은 지표 아래 770에서 860미터 사이에서 50미터 서쪽으로 주요 구역을 성공적으로 확장했으며, 우수한 그레이드와 넓이의 연속성을 입증했습니다.
Canadian Gold Corp. a annoncé des résultats significatifs de son programme de forage de Phase 3 à la mine Tartan près de Flin Flon, Manitoba. Le forage a étendu la minéralisation de haute qualité le long des limites occidentales de la zone principale et a révélé un potentiel pour l'exploitation de masse à faible teneur. Des intercepts remarquables incluent 7,2 gpt d'or sur 5,7 mètres et 5,1 gpt d'or sur 6,2 mètres dans une zone plus large de 4,4 gpt d'or sur 17,8 mètres. Le programme a réussi à étendre la zone principale de 50 mètres vers l'ouest entre 770 et 860 mètres de profondeur, démontrant une excellente continuité de qualité et de largeur.
Canadian Gold Corp. hat bedeutende Ergebnisse aus seinem Bohrprogramm der Phase 3 in der Tartan Mine nahe Flin Flon, Manitoba, bekannt gegeben. Die Bohrungen haben die hochgradige Mineralisierung entlang der westlichen Grenzen der Hauptzone erweitert und das Potenzial für niedriggradige Großbergbau-Minen offenbart. Bemerkenswerte Abschläge umfassen 7,2 gpt Gold über 5,7 Meter und 5,1 gpt Gold über 6,2 Meter innerhalb eines breiteren Zonenbereichs von 4,4 gpt Gold über 17,8 Meter. Das Programm hat die Hauptzone erfolgreich um 50 Meter nach Westen zwischen 770 und 860 vertikalen Metern unter der Oberfläche verlängert und eine hervorragende Kontinuität in Grad und Breite demonstriert.
- Extended Main Zone by 50 metres to the west with high-grade intercepts
- Multiple high-grade gold intersections including 7.2 gpt over 5.7m and 5.1 gpt over 6.2m
- Potential for additional bulk tonnage resource development
- Excellent continuity of grade and width demonstrated in drilling results
- Completed over 21,000 metres of drilling since last resource estimate
- True widths of the system are not yet known due to lack of drilling
Toronto, Ontario--(Newsfile Corp. - November 14, 2024) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce results from its Phase 3 Drill Program at the Tartan Mine, located near Flin Flon, Manitoba. Results in this news release have extended the high-grade mineralization along the western limits of the Main Zone (MZ) and continue to highlight a separate, longer-term opportunity of lower-grade bulk tonnage. The Company is continuing to prepare the full data set of the over 21,000 metres of drilling that it will have completed since the Company's last NI 43-101 resource estimate in 2017. This initial work will prepare the Company to advance quickly if it decides to update the 43-101 resource estimate upon the completion of this season's drill program.
Recent Phase 3 Drill Highlights
- 7.2 gpt gold over 5.7 metres and a second interval that returned 5.1 gpt gold over 6.2 metres. These two intercepts are both contained in a wider, potential bulk tonnage intercept that returned 4.4 gpt gold over 17.8 metres in drill hole TLSZ24-31.
- 5.7 gpt gold over 7.1 metres within another wider interval that returned 3.2 gpt gold over 22.1 metres in drill hole TLSZ24-31W1.
- 7.8 gpt gold over 4.0 metres within a third potential bulk tonnage intercept of 2.2 gpt gold over 33.5 metres in drill hole TLSZ24-31W2.
The results from these three holes have successfully extended the limits of the MZ by 50 metres to the west between 770 and 860 vertical metres below surface (Fig. 1). The Company's Phase 1-3 drilling has significantly expanded the MZ vertically and now extended its limits to the west. Thus far, the drill results have demonstrated excellent continuity of both grade and width, which is one of the most important factors for any mining operation.
Since the Company began drilling below the limits of the 2017 resource (575 metres below surface), exploration has been encountering a halo of wider, lower-grade gold that could be potentially mined using bulk tonnage methods. Although the high-grade portion of the zones is the Company's focus, Canadian Gold is reviewing the potential for a bulk tonnage resource, and a preliminary review of the capital and operating costs associated with this type of opportunity. To review the higher grade and bulk tonnage long sections for the Tartan Mine please see Figures 1 and 2.
Table 1. Drilling Assay Highlights
| Drill Hole | From (metres) | To (metres) | Interval1 (metres) | Depth Below Surface (metres) | Grade (gpt) | Zone |
| TLSZ24-31 | 931.85 | 949.65 | 17.8 | 790 | 4.4 | Main Zone |
| Including | 931.85 | 938 | 6.2 | 5.1 | ||
| Also including | 931.85 | 932.35 | 0.5 | 20.8 | ||
| Also including | 937 | 938 | 1.0 | 14.3 | ||
| And including | 944 | 949.65 | 5.7 | 7.2 | ||
| Including | 947 | 949 | 2.0 | 11.8 | ||
| Also including | 947 | 948 | 1.0 | 17.7 | ||
| TLSZ24-31W1 | 918 | 940.1 | 22.1 | 770 | 3.2 | Main Zone |
| Including | 919.9 | 927 | 7.1 | 5.7 | ||
| Also including | 919.9 | 922 | 2.1 | 12.8 | ||
| And including | 933.25 | 940.1 | 6.9 | 3.4 | ||
| Also including | 939 | 940.1 | 1.1 | 6.2 | ||
| TLSZ24-31W2 | 883 | 885 | 2.0 | 760 | 5.1 | South Zone |
| Including | 883 | 884 | 1.0 | 7.9 | ||
| And | 985 | 1018.5 | 33.5 | 860 | 2.2 | Main Zone |
| Including | 985 | 989 | 4.0 | 7.8 | ||
| Also including | 985 | 987 | 2.0 | 13.6 | ||
| Also including | 985.8 | 987 | 1.2 | 18.5 |
1Interval widths reported; true widths of the system are not yet known due to lack of drilling.
Table 2. Details of drill holes reported in this press release
| Drill Hole | Azimuth | Dip | Length | Easting (UTM) | Northing (UTM) |
| TLSZ24-31 | 357 | -68 | 996 | 324175 | 6081642 |
| TLSZ24-31W1 | 357 | -68 | 972 | 324175 | 6081642 |
| TLSZ24-31W2 | 357 | -68 | 1067 | 324175 | 6081642 |
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 Long Section illustrating higher-grade intersection.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3276/229912_96a75ae624c29ae5_001full.jpg
Figure 2. Tartan Mine - Main Zone Long Section illustrating potential bulk tonnage intersections.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3276/229912_96a75ae624c29ae5_002full.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229912
FAQ
What are the latest gold intercepts from Canadian Gold's Tartan Mine drilling?
How far has the Main Zone been extended at the Tartan Mine?
What is the total drilling completed at Tartan Mine since the last resource estimate?
