Announcement Date: 2022-06-28
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Canagold Resources Ltd.
Project name: New Polaris
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 25.1m @ 13.6g/t Au from 362.1m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, Canada – June 28, 2022 – Canagold Resources Ltd. (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA) announces sample assay results from four more drill holes from the expanded drill program at its 100% owned New Polaris Gold project located in northwestern British Columbia, 100 kilometers (km) south of Atlin and 60 km northeast of Juneau, Alaska. Two of the drill holes returned significant intercepts of gold mineralization in the C-West Main (“CWM”). These are the final results from the 54 hole, 30,000 meter (“m”) drill program completed at the end of February 2022. Gold was analyzed by metallic screen fire assay method due to the presence of visible gold observed during geological logging of the drill core. The two other drill holes (21-1635E2 and 21-1737E2) were abandoned before reaching target depth due to drilling difficulties and three other holes did not intersect the C-West Main (“CWM”) mineralized zone at the expected depth or with any significant assay results. The intended target areas for the abandoned holes were adequately covered by other infill drilling later in the program. Detailed information for the four drill holes and the sample assay results and mineralized intercepts are provided in Table 1 and Table 2 below.
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