Canadian Gold Corp. Tartan South Zone First Hole Intersects 6.1 gpt Gold over 6.0m Significantly Expands Zone by 170m Vertically
Canadian Gold Corp (TSXV: CGC) has announced significant drilling results from its Tartan Mine near Flin Flon, Manitoba. The first hole of the 2025 drilling campaign successfully expanded the South Zone by 170 meters vertically, intersecting 6.1 gpt gold over 6.0 metres.
A potential new Hanging Wall Zone was discovered, yielding 8.4 gpt gold over 2.0 metres, aligning with a previous 2022 drill hole that returned 29.1 gpt gold over 5.85 metres. The South Zone expansion represents a 61% increase in vertical extent, from 250 to 410 metres below surface.
The South Zone's proximity to the Main Zone (100 metres apart) and current underground infrastructure presents opportunities for increased gold production at lower costs. The Main Zone extends to 1,030 metres below surface and remains open for expansion.
Canadian Gold Corp (TSXV: CGC) ha annunciato risultati significativi di perforazione dalla sua Tartan Mine vicino a Flin Flon, Manitoba. Il primo foro della campagna di perforazione 2025 ha ampliato con successo la Zona Sud di 170 metri in verticale, intersecando 6,1 gpt di oro su 6,0 metri.
È stata scoperta una potenziale nuova Zona Hanging Wall, che ha prodotto 8,4 gpt di oro su 2,0 metri, in linea con un precedente foro di perforazione del 2022 che ha restituito 29,1 gpt di oro su 5,85 metri. L'espansione della Zona Sud rappresenta un incremento del 61% dell'estensione verticale, passando da 250 a 410 metri sotto la superficie.
La vicinanza della Zona Sud alla Zona Principale (a 100 metri di distanza) e l'attuale infrastruttura sotterranea offrono opportunità per un aumento della produzione di oro a costi inferiori. La Zona Principale si estende fino a 1.030 metri sotto la superficie e rimane aperta per ulteriori espansioni.
Canadian Gold Corp (TSXV: CGC) ha anunciado resultados significativos de perforación en su Tartan Mine cerca de Flin Flon, Manitoba. El primer pozo de la campaña de perforación 2025 amplió con éxito la Zona Sur en 170 metros verticalmente, intersectando 6.1 gpt de oro sobre 6.0 metros.
Se descubrió una nueva posible Zona de Hanging Wall, que arrojó 8.4 gpt de oro sobre 2.0 metros, alineándose con un pozo de perforación anterior de 2022 que devolvió 29.1 gpt de oro sobre 5.85 metros. La expansión de la Zona Sur representa un aumento del 61% en la extensión vertical, de 250 a 410 metros bajo la superficie.
La proximidad de la Zona Sur a la Zona Principal (a 100 metros de distancia) y la infraestructura subterránea actual presentan oportunidades para aumentar la producción de oro a menores costos. La Zona Principal se extiende hasta 1,030 metros bajo la superficie y permanece abierta para expansión.
캐나다 골드 Corp (TSXV: CGC)는 매니토바주 플린플론 근처의 타르탄 광산에서 중요한 시추 결과를 발표했습니다. 2025년 시추 캠페인의 첫 번째 구멍은 남부 구역을 수직으로 170미터 확장하는 데 성공했으며, 6.1 gpt의 금을 6.0미터에서 발견했습니다.
새로운 가능성 있는 행잉 월 구역이 발견되었으며, 2.0미터에서 8.4 gpt의 금을 산출하였고, 이는 2022년의 이전 시추 구멍에서 5.85미터에 걸쳐 29.1 gpt의 금을 반환한 것과 일치합니다. 남부 구역의 확장은 수직 범위에서 61% 증가하여 지표 아래 250미터에서 410미터로 확장되었습니다.
남부 구역이 주요 구역과 100미터 떨어져 있고 현재의 지하 인프라가 존재함에 따라, 더 낮은 비용으로 금 생산을 증가시킬 수 있는 기회를 제공합니다. 주요 구역은 지표 아래 1,030미터까지 확장되며 추가 확장을 위해 열려 있습니다.
Canadian Gold Corp (TSXV: CGC) a annoncé des résultats de forage significatifs de sa mine Tartan près de Flin Flon, Manitoba. Le premier trou de la campagne de forage 2025 a réussi à étendre la zone sud de 170 mètres verticalement, intersectant 6,1 gpt d'or sur 6,0 mètres.
Une nouvelle zone de Hanging Wall potentielle a été découverte, produisant 8,4 gpt d'or sur 2,0 mètres, en accord avec un précédent trou de forage de 2022 qui a retourné 29,1 gpt d'or sur 5,85 mètres. L'expansion de la zone sud représente une augmentation de 61 % de l'étendue verticale, passant de 250 à 410 mètres sous la surface.
La proximité de la zone sud à la zone principale (à 100 mètres de distance) et l'infrastructure souterraine actuelle présentent des opportunités pour augmenter la production d'or à moindre coût. La zone principale s'étend jusqu'à 1 030 mètres sous la surface et reste ouverte à l'expansion.
Canadian Gold Corp (TSXV: CGC) hat bedeutende Bohrergebnisse aus seiner Tartan Mine nahe Flin Flon, Manitoba, bekannt gegeben. Das erste Loch der Bohrkampagne 2025 hat die Südzone erfolgreich um 170 Meter vertikal erweitert und 6,1 gpt Gold über 6,0 Meter durchteuft.
Eine potenzielle neue Hanging Wall Zone wurde entdeckt, die 8,4 gpt Gold über 2,0 Meter ergab, was mit einem vorherigen Bohrloch aus 2022 übereinstimmt, das 29,1 gpt Gold über 5,85 Meter zurückgab. Die Erweiterung der Südzone stellt eine 61%ige Zunahme der vertikalen Ausdehnung dar, von 250 auf 410 Meter unter der Oberfläche.
Die Nähe der Südzone zur Hauptzone (100 Meter entfernt) und die aktuelle Untergrundinfrastruktur bieten Möglichkeiten zur Steigerung der Goldproduktion zu niedrigeren Kosten. Die Hauptzone erstreckt sich bis zu 1.030 Meter unter der Oberfläche und bleibt offen für Erweiterungen.
- South Zone expanded 61% vertically (170m)
- New Hanging Wall Zone discovered with 8.4 gpt Au over 2.0m
- Main Zone proximity (100m) enables cost-efficient development
- Multiple high-grade gold intersections confirm resource potential
- True widths of the system not yet known
- drilling data in South Zone
- Resource estimate update pending
New Potential Hanging Wall Zone Discovered with 8.4 gpt Gold over 2.0m
Toronto, Ontario--(Newsfile Corp. - March 3, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce that the first hole designed to significantly expand the South Zone to the southeast by 170 metres vertically at the Tartan Mine near Flin Flon, Manitoba, was a success (Fig. 1 & 3). The hole intersected 6.1 gpt gold over 6.0 metres and discovered what the Company's geological team believes could be a new Hanging Wall Zone, which returned 8.4 gpt gold over 2.0 metres, further to the south. The result from the Hanging Wall Zone aligns with a hole drilled in 2022, which returned 29.1 gpt gold over 5.85 metres, making this an exciting new discovery.
"These remarkable results represent an exciting new chapter in our ongoing exploration of the orogenic gold system at the Tartan project. The South Zone is parallel to and right beside the Main Zone, which could be developed from the same underground workings at depth. Equally exciting is that higher up in hole TLSZ25-32, it appears that we have hit an additional high-grade gold parallel zone. The significant downward expansion of the South Zone gold mineralization at both a high grade and mineable width indicates what may be a significant new plunge line for the South Zone. The South Zone remains open along strike in both directions and at depth. The added prospect of a potential new Hanging Wall Zone is truly the icing on the cake for our geological team.
We are delighted to be able to focus on both the Main Zone and South Zone (as well as further drill into a potential third parallel zone discovery) drilling to have a dual approach of exploration and rapidly advance toward our goal of bringing the Tartan Mine back into production." - Michael Swistun, CFA, President & CEO
Table 1. Drilling Assay Highlights
| Drill Hole | From (metres) | To (metres) | Interval1 (metres) | Depth Below Surface (metres) | Gold Grade (gpt) | Zone2 |
| TLSZ25-32 | 222.00 | 227.00 | 5.00 | 190 | 4.0 | HWZ |
| Including | 222.00 | 224.00 | 2.00 | 8.4 | ||
| Including | 223.00 | 224.00 | 1.00 | 11.3 | ||
| And | 477.00 | 496.00 | 19.00 | 410 | 3.2 | SZ |
| Including | 482.00 | 488.00 | 6.00 | 6.1 | ||
| Including | 484.00 | 486.00 | 2.00 | 10.4 |
1Interval widths reported; true widths of the system are not yet known due to lack of drilling.
2SZ and HWZ refers to the South Zone and Hanging Wall Zone.
Table 2. Details of Drill Hole Reported in This News Release
| Drill Hole | Azimuth (Degrees) | Dip (Degrees) | Length (metres) | Easting (UTM) | Northing (UTM) |
| TLSZ25-32 | 360 | -61 | 548 | 324882 | 6081867 |
Why Is This Drill Hole Important?
This is the first hole drilled in this target during the 2025 drilling campaign. It nearly doubles the vertical extent of the South Zone by
61% , from 250 to 410 metres below surface (Fig. 1 & 3). It also has the potential to be the second drill hole in a third parallel zone.Demonstrates that the South Zone has similar depth potential as the Main Zone, which extends to 1,030 metres below surface and remains open for expansion.
Due to its proximity to the Main Zone and current underground infrastructure (100 metres apart) (Fig. 3), there is excellent potential to increase the total ounces per vertical metre, allowing the Company to review potential higher gold production scenarios at lower costs.
New potential Hanging Wall Zone is emerging. Limited drilling in the area appears to have led to a discovery with its first intersection. In 2022, a hole returned 29.1 gpt gold over 5.85 metres, which appears to align with the intersection released today that assayed 8.4 gpt gold over 2.0 metres. The majority of previous drilling at this location was too far north to intersect this new potential Hanging Wall Zone (Fig. 3).
The South Zone has seen limited drilling during the Company's exploration Phases 1-4. This result opens many new target areas and provides the Company with opportunities to further expand the resource at Tartan before updating its mineral resource estimate. This is in addition to the many high-grade opportunities that exist at the Main Zone that have been highlighted in recent news releases.
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 - South Zone Longitudinal Section illustrating the location of hole TLSZ25-32.
To view an enhanced version of this graphic, please visit:
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Figure 2. Tartan Mine - Intersection of high-grade South Zone mineralization in hole TLMZ25-32.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3276/243043_287b98d3044bb886_002full.jpg
Figure 3. Tartan Mine - Main and South Zone 3D model showing the location underground infrastructure and drill hole TLSZ25-32.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3276/243043_287b98d3044bb886_003full.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243043
FAQ
What are the latest gold intersections reported by Canadian Gold Corp (STRRF) at Tartan Mine?
How much has the Tartan Mine's South Zone expanded in the 2025 drilling program?
What is the significance of the new Hanging Wall Zone discovery at Tartan Mine?
How does the South Zone's location benefit potential mining operations at Tartan?
