Canadian Gold - STRRF STOCK NEWS

Canadian Gold Corp. (TSXV: CGC) has made a significant gold discovery at its Hammond Reef South Project in Ontario, adjacent to Agnico Eagle's Hammond Reef Deposit. Surface sampling returned high-grade gold assays of 35.4 g/t and 7.1 g/t, revealing a new zone approximately 2 km from Agnico Eagle's project. The discovery is part of a 6.7 km trend of gold mineralization across the property.

Key points:

• Exploration permit approved on July 24, 2024, allowing for drilling and trenching
• Company applied for Ontario Junior Exploration Program grant for 50% reimbursement of expenses up to $200,000
• Follow-up field work scheduled to begin immediately
• Gold mineralization found in large gossanous shear-hosted quartz vein with up to 10% sulphides

Canadian Gold Corp. (TSXV: CGC) has commenced its Phase 3 Drill Program at the Tartan Mine property near Flin Flon, Manitoba. The program's initial focus is on expanding the Hanging Wall Zone (HWZ) and Main Zone. Previous drilling in the HWZ returned significant results, including 23.8 gpt gold over 12.6 metres and 20.6 gpt gold over 5.7 metres. The Main Zone's most important hole yielded 4.2 gpt gold over 53.7 metres, the longest intercept in the mine's history. The company believes expanding these zones is important for unlocking value at the Tartan Mine. Funding for this program comes from a recently completed private placement offering.

Canadian Gold Corp. (TSXV: CGC) has successfully closed an over-subscribed private placement, raising a total of $1,634,995. The offering was completed in two tranches:

1. First tranche (June 21, 2024): 1,968,750 flow-through shares at $0.16 per share, raising $315,000.

2. Second tranche (July 17, 2024): 7,625,000 flow-through shares at $0.16 and 714,250 common shares at $0.14, raising $1,320,000.

The company paid $89,100 in finders fees. Insiders subscribed for 1,026,750 shares ($149,995). All securities have a four-month hold period. The funds will be used for Canadian Exploration Expenditures (CEE), primarily for the Phase 3 exploration program at the flagship Tartan Lake property, focusing on expanding the gold resource.

Canadian Gold Corp. (TSXV: CGC) announced the closing of the first tranche of its private placement offering, issuing 1,968,750 flow-through shares at $0.16 each, raising $315,000. The company paid $15,900 in finder's fees and insiders subscribed for 312,500 shares. The funds will support Canadian exploration projects, qualifying as Canadian Exploration Expenditures. At the recent annual and special meeting, shareholders approved all items, including the election of Michael Swistun, CFA, President and CEO, to the board of directors.

Canadian Gold Corp. (TSXV: CGC) announces the start of its Phase 3 exploration program at the Tartan Mine, near Flin Flon, Manitoba, in early July 2024. The focus will be on three key target areas: Hanging Wall Zone (HWZ), Main Zone (MZ) at depth, and South Zone (SZ). The HWZ, situated 10 meters from the MZ, has shown promising results with high gold grades. The MZ has expanded its mineralization by 72% vertically below the 2017 estimate, with significant gold intercepts. The SZ aims to enhance resource size and reduce production costs through extended drilling. These efforts could greatly impact the resource size and project economics of the Tartan Mine.

Canadian Gold Corp. (TSXV: CGC) has announced a non-brokered private placement offering aimed at raising up to $1,500,000. The financing will involve issuing flow-through common shares at $0.16 per share and non-flow-through common shares at $0.14 per share. The funds raised will primarily support exploration activities at the Tartan Lake Project in Flin Flon, Manitoba, and provide working capital.

The offering is subject to approval from the TSX Venture Exchange and other relevant regulators. Flow-through shares will qualify under the Income Tax Act (Canada) and will be offered to qualified purchasers across Canadian provinces under securities legislation exemptions. Securities issued will be subject to a four-month hold period, and eligible finders may receive a 6% finder's fee on the gross proceeds.

Canadian Gold Corp. announces successful results of Phase 2 drilling program at Tartan Mine, revealing high grade gold intersections, new trends, and mineralization expansion. Plans for Phase 3 Drill Program underway, with potential updates to mineral resource estimates.

Canadian Gold Corp appoints Michael Swistun as President and CEO, focusing on expanding the Tartan Gold Mine Project and other Canadian gold exploration assets. Swistun brings extensive executive management and capital markets experience, aiming to drive growth and exploration efforts.

Canadian Gold Corp. (TSXV: CGC) reports positive results from its Phase 2 Exploration Program at the Tartan Mine in Manitoba. High-grade gold mineralization was found in the Hanging Wall Zone and Main Zone, with significant gold grades exceeding historical data. The company aims to expand the resource and increase the contained gold per vertical meter. The Phase 2 drill program continues with promising intersections in the South Zone, targeting mineralization extension and resource growth.