Announcement • Nov 28
Canadian Gold Corp. Announces Ongoing Results from Its Phase 4 Drill Program At the 100%-Owned Tartan Mine, Near Flin Flon, Manitoba
Canadian Gold Corp. announced ongoing results from its Phase 4 drill program at the 100%-owned Tartan Mine, near Flin Flon, Manitoba. Encouraging results, especially along the Main Zone's Western Flank, continue to support the plan to move toward a potential mine restart. Since beginning this multi-phase drill program, a total of 31 of 35 holes (89%) have successfully intersected what the Company believes to be potentially economic mineralization within the Main Zone. The objective of the ongoing drilling at the South Zone has been to expand the resource size, allowing for a higher production on a potential mine restart. Notable drilling results at the South Zone include 5.2 gpt gold over 5.0 metres in TLSZ25-38W1 and 4.4 gpt gold over 4.0 metres TLSZ25-40, each supported by internal high-grade intervals up to 12.5 gpt Au over 1.0 metre and 8.9 gpt gold over 1.6 metres, respectively. Near Mine Target Generation Confirms High-Grade Gold at Surface. Drill target generation on the Tartan West property, which adjoins the Tartan Mine, commenced in the summer and has confirmed the presence of multiple areas of high-grade gold mineralization. Canadian Gold has optioned this property on the basis that it offers strong potential to expand the resource base and align with future infrastructure investments. The Tartan Shear extends westward from the Tartan Mine and presents significant exploration potential for hosting similar gold mineralization. Drilling Assay Highlights. Drill Hole, From (metres), Interval1 (metres), Gold Grade (gpt), Zone2, TLMZ21-03W4, 780.95, 784.75, 3.80, 8.1, MZ, Including, 780.95, 782.00, 1.05, 1.05, 13.4, TLMZ25-49, 621.00, 635.00, 14.00, 12.3, MZ, Including, 631.05, 3.95, 22.7, Including, 634.50, 635.00, 0.50, 118.2,TLMZ25-49W1, 623.50, 628.00, 10.7, MZ, Including, 4.7, SZ, Including, 350.15, 351.07, 0.92, 12.1, TLMZ25-44, 371.80, 376.00, 4.20, 2.7, SZ, including, 375.00, 1.5, TLSZ25-46, 217.00, 8.4, 223.00, 224.00, 1.00, 1.2, TLSZ25-47, 255.00, 255.00, 1.00.
