Canadian Gold Corp. Tartan Mine: Western Expansion Drilling Intersects More High-Grade of 11.6 gpt Gold Over 5.1 Metres & 7.1 gpt Over 6.0 Metres
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. ha annunciato nuovi risultati di perforazione dal suo programma Fase 4 presso la Tartan Mine vicino a Flin Flon, Manitoba. Due fori hanno ampliato con successo la mineralizzazione ad alta legge lungo il fianco occidentale di circa 60 metri, con profondità comprese tra 680 e 720 metri sotto la superficie.
I punti salienti includono: il foro TLMZ21-03W3 ha prodotto 11,6 gpt di oro su 5,1 metri, inclusi 18,7 gpt di oro su 1,0 metro. Il foro TLMZ21-03W2 ha intersecato 7,1 gpt di oro su 6,0 metri, inclusi 30,5 gpt di oro su 0,5 metro.
L'azienda riporta un tasso di successo del 90% (26 su 29 fori) nell'intersecare mineralizzazione potenzialmente economica all'interno della Zona Principale. Dalla stima delle risorse del 2017, oltre 23.000 metri di perforazione hanno ampliato la mineralizzazione verticale dell'oro del 79%, da 575 a 1.030 metri sotto la superficie.
Canadian Gold Corp. ha anunciado nuevos resultados de perforación de su programa Fase 4 en la Tartan Mine cerca de Flin Flon, Manitoba. Dos pozos expandieron exitosamente la mineralización de alta ley a lo largo del flanco occidental en aproximadamente 60 metros, con profundidades entre 680 y 720 metros bajo la superficie.
Los aspectos destacados incluyen: el pozo TLMZ21-03W3 arrojó 11.6 gpt de oro sobre 5.1 metros, incluyendo 18.7 gpt de oro sobre 1.0 metro. El pozo TLMZ21-03W2 intersectó 7.1 gpt de oro sobre 6.0 metros, incluyendo 30.5 gpt de oro sobre 0.5 metro.
La compañía reporta una tasa de éxito del 90% (26 de 29 pozos) en la intersección de mineralización potencialmente económica dentro de la Zona Principal. Desde la estimación de recursos de 2017, más de 23,000 metros de perforación han expandido la mineralización vertical de oro en un 79%, de 575 a 1,030 metros bajo la superficie.
캐나다 골드 Corp.는 매니토바 주 플린 플론 근처에 있는 타르탄 광산의 4단계 프로그램에서 새로운 시추 결과를 발표했습니다. 두 개의 구멍이 서쪽 경사면을 따라 약 60미터에 걸쳐 고품질 광물화를 성공적으로 확장했으며, 깊이는 지표면에서 680미터에서 720미터 사이입니다.
주요 하이라이트는 다음과 같습니다: TLMZ21-03W3 구멍은 5.1미터에서 11.6 gpt 금을 산출했으며, 1.0미터에서 18.7 gpt 금을 포함합니다. TLMZ21-03W2 구멍은 6.0미터에서 7.1 gpt 금을 교차했으며, 0.5미터에서 30.5 gpt 금을 포함합니다.
회사는 주요 구역 내에서 잠재적으로 경제적인 광물화에 대한 교차 성공률이 90%(29개 구멍 중 26개)라고 보고합니다. 2017년 자원 추정 이후, 23,000미터 이상의 시추가 수직 금 광물화를 79% 확장하여 지표면에서 575미터에서 1,030미터로 늘렸습니다.
Canadian Gold Corp. a annoncé de nouveaux résultats de forage provenant de son programme de Phase 4 à la Tartan Mine près de Flin Flon, Manitoba. Deux forages ont réussi à étendre la minéralisation de haute teneur le long du flanc ouest d'environ 60 mètres, avec des profondeurs entre 680 et 720 mètres sous la surface.
Les points saillants comprennent : le forage TLMZ21-03W3 a donné 11,6 gpt d'or sur 5,1 mètres, incluant 18,7 gpt d'or sur 1,0 mètre. Le forage TLMZ21-03W2 a intersecté 7,1 gpt d'or sur 6,0 mètres, incluant 30,5 gpt d'or sur 0,5 mètre.
L'entreprise rapporte un taux de réussite de 90 % (26 sur 29 forages) dans l'intersection de minéralisation potentiellement économique au sein de la Zone Principale. Depuis l'estimation des ressources de 2017, plus de 23 000 mètres de forage ont élargi la minéralisation verticale de l'or de 79 %, passant de 575 à 1 030 mètres sous la surface.
Canadian Gold Corp. hat neue Bohrergebnisse aus seinem Phase-4-Programm an der Tartan Mine in der Nähe von Flin Flon, Manitoba, bekannt gegeben. Zwei Löcher haben die hochgradige Mineralisierung entlang des westlichen Flanks um etwa 60 Meter erfolgreich erweitert, mit Tiefen zwischen 680 und 720 Metern unter der Oberfläche.
Die wichtigsten Highlights sind: Loch TLMZ21-03W3 ergab 11,6 gpt Gold über 5,1 Meter, einschließlich 18,7 gpt Gold über 1,0 Meter. Loch TLMZ21-03W2 schnitt 7,1 gpt Gold über 6,0 Meter, einschließlich 30,5 gpt Gold über 0,5 Meter.
Das Unternehmen berichtet von einer Erfolgsquote von 90% (26 von 29 Löchern) bei der Schnittstelle von potenziell wirtschaftlicher Mineralisierung innerhalb der Hauptzone. Seit der Ressourcenschätzung von 2017 hat die Bohrtiefe von über 23.000 Metern die vertikale Goldmineralisierung um 79% erweitert, von 575 auf 1.030 Meter unter der Oberfläche.
- High-grade gold intersections: 11.6 gpt over 5.1m and 7.1 gpt over 6.0m
- 90% success rate in drilling program (26 of 29 holes)
- 79% vertical expansion of gold mineralization since 2017
- Expansion of mineralization zone by 60 metres west
- None.
Toronto, Ontario--(Newsfile Corp. - February 18, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company"), is pleased to announce ongoing drill results from its Phase 4 drill program at the Tartan Mine, near Flin Flon, Manitoba. Two holes successfully expanded the high-grade mineralization along the western flank by approximately 60 metres west between 680 and 720 metres below surface (Fig. 1). Both holes contained visible gold and continue to validate impressive continuity of the Main Zone in both grade and thickness, an exceptional attribute that enhances the deposit's viability in a future mining scenario. In addition to the potential for discovering additional ounces to the west, opportunity remains along the eastern flank, which has seen limited drilling at depth. Since beginning this multi-Phase drill program, a total of 26 of 29 holes (
Continued Phase 4 Drill Highlights
- Hole TLMZ21-03W3 returned a rich intersection, including visible gold of 11.6 gpt gold over 5.1 metres, including 18.7 gpt gold over 1.0 metre (Fig. 2). This drill hole successfully expanded the higher grades seen along the western flank of the Main Zone highlighted in recent news releases by 40 metres to the west at an approximate depth of 680 metres below surface.
- Hole TLMZ21-03W2 intersected 7.1 gpt gold over 6.0 metres, including 30.5 gpt gold over 0.5 metre and achieved a similar objective to the result above but at a depth of 720 metres below surface (Fig. 2). This hole expanded the high-grade gold mineralization to the west by 60 metres.
- Both holes demonstrate that there is excellent potential to further expand the Western flank, vertically and to the west, where there has been limited to no drilling to date.
- Additional planned drilling for the Phase 4 program includes a deeper test of the eastern part of the South Zone that was recently completed (Fig. 3), and two deep holes along the western flanks of the Main Zone (Fig. 1). The drilling is designed to maximize the total potential gold ounces prior to an eventual commencement of an updated mineral resource estimate and mine economics study.
Phase 4 drilling will be incorporated into an updated mineral resource estimate. 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
"Each of our drill programs, Phase 1 through Phase 4, has delivered numerous high-grade intercepts across economically mineable widths. These latest drill results have increased our success rate for Main Zone intercepts to
Table 1. Drilling Assay Highlights
| Drill Hole | From (metres) | To (metres) | Interval1 (metres) | Depth Below Surface (metres) | Gold Grade (gpt) | Zone2 |
| TLMZ21-03W3 | 789.95 | 795.00 | 5.10 | 680 | 11.6 | MZ |
| Including | 791.00 | 792.00 | 1.00 | 18.7 | ||
| And including | 794.00 | 795.00 | 1.00 | 16.3 | ||
| TLMZ21-03W2 | 794.00 | 796.00 | 2.00 | 710 | 6.4 | HWZ |
| And | 825.60 | 831.60 | 6.00 | 720 | 7.1 | MZ |
| Including | 825.60 | 830.50 | 4.90 | 8.1 | ||
| Including | 827.00 | 827.50 | 0.50 | 30.5 |
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) |
| TLMZ21-03W2 | 225 | -65.2 | 881 | 324450 | 6082401 |
| TLMZ21-03W3 | 225 | -65.2 | 821 | 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.
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Figure 2. Tartan Mine - Intersection of high-grade Main Zone mineralization along the western flank in TLMZ21-03W2 and TLMZ21-03W3.
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Figure 3. Tartan Mine - South Zone Longitudinal Section showing the location of the recent drill hole.
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https://images.newsfilecorp.com/files/3276/241242_06cceb240471eaa1_003full.jpg
Figure 4. Tartan Mine - Main Zone Longitudinal Section illustrating its growth since 2017.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241242
FAQ
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