Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Firm”) is happy to announce that the primary gap designed to considerably broaden the South Zone to the southeast by 170 metres vertically on the Tartan Mine close to Flin Flon, Manitoba, was a hit (Fig. 1 & 3). The outlet intersected 6.1 gpt gold over 6.0 metres and found what the Firm’s geological workforce believes may very well be a brand new Hanging Wall Zone, which returned 8.4 gpt gold over 2.0 metres, additional to the south. The end result from the Hanging Wall Zone aligns with a gap drilled in 2022, which returned 29.1 gpt gold over 5.85 metres, making this an thrilling new discovery.
“These exceptional outcomes symbolize an thrilling new chapter in our ongoing exploration of the orogenic gold system on the Tartan challenge. The South Zone is parallel to and proper beside the Important Zone, which may very well be developed from the identical underground workings at depth. Equally thrilling is that greater up in gap TLSZ25-32, it seems that we have now hit a further high-grade gold parallel zone. The numerous downward enlargement of the South Zone gold mineralization at each a excessive grade and mineable width signifies what could also be a major new plunge line for the South Zone. The South Zone stays open alongside strike in each instructions and at depth. The added prospect of a possible new Hanging Wall Zone is really the icing on the cake for our geological workforce.
We’re delighted to have the ability to concentrate on each the Important Zone and South Zone (in addition to additional drill into a possible third parallel zone discovery) drilling to have a twin strategy of exploration and quickly advance towards our purpose of bringing the Tartan Mine again into manufacturing.” – Michael Swistun, CFA, President & CEO
Desk 1. Drilling Assay Highlights
| Drill Gap | From (metres) |
To (metres) |
Interval1 (metres) |
Depth Under Floor (metres) |
Gold Grade (gpt) |
Zone2 |
| TLSZ25-32 | 222.00 | 227.00 | 5.00 | 190 | 4.0 | HWZ |
| Together with | 222.00 | 224.00 | 2.00 | 8.4 | ||
| Together with | 223.00 | 224.00 | 1.00 | 11.3 | ||
| And | 477.00 | 496.00 | 19.00 | 410 | 3.2 | SZ |
| Together with | 482.00 | 488.00 | 6.00 | 6.1 | ||
| Together with | 484.00 | 486.00 | 2.00 | 10.4 |
1Interval widths reported; true widths of the system are usually not but identified as a consequence of lack of drilling.
2SZ and HWZ refers back to the South Zone and Hanging Wall Zone.
Desk 2. Particulars of Drill Gap Reported in This Information Launch
| Drill Gap | Azimuth (Levels) |
Dip (Levels) |
Size (metres) |
Easting (UTM) | Northing (UTM) |
| TLSZ25-32 | 360 | -61 | 548 | 324882 | 6081867 |
Why Is This Drill Gap Vital?
- That is the primary gap drilled on this goal through the 2025 drilling marketing campaign. It practically doubles the vertical extent of the South Zone by 61%, from 250 to 410 metres beneath floor (Fig. 1 & 3). It additionally has the potential to be the second drill gap in a 3rd parallel zone.
- Demonstrates that the South Zone has related depth potential because the Important Zone, which extends to 1,030 metres beneath floor and stays open for enlargement.
- Attributable to its proximity to the Important Zone and present underground infrastructure (100 metres aside) (Fig. 3), there’s wonderful potential to extend the entire ounces per vertical metre, permitting the Firm to overview potential greater gold manufacturing eventualities at decrease prices.
- New potential Hanging Wall Zone is rising. Restricted drilling within the space seems to have led to a discovery with its first intersection. In 2022, a gap returned 29.1 gpt gold over 5.85 metres, which seems to align with the intersection launched at present that assayed 8.4 gpt gold over 2.0 metres. The vast majority of earlier drilling at this location was too far north to intersect this new potential Hanging Wall Zone (Fig. 3).
- The South Zone has seen restricted drilling through the Firm’s exploration Phases 1-4. This end result opens many new goal areas and offers the Firm with alternatives to additional broaden the useful resource at Tartan earlier than updating its mineral useful resource estimate. That is along with the various high-grade alternatives that exist on the Important Zone which were highlighted in latest information releases.
For Additional Data, Please Contact:
Michael Swistun, CFA
President & CEO
Canadian Gold Corp.
(204) 232-1373
information@canadiangoldcorp.com
Certified Particular person
The scientific and technical info disclosed on this information launch was reviewed and permitted by Wesley Whymark, P. Geo., Consulting Geologist for the Firm, and a Certified Particular person as outlined underneath Nationwide Instrument 43-101.
Technical Data
The samples collected by Canadian Gold Corp. described on this information launch have been transported in safe sealed luggage for preparation and assay by ALS Labs in Thunder Bay, Ontario. The samples reported have been crushed of their entirety to 80% passing 2 mm, with one 500 g subsample analysed for gold by photon assay.
About Canadian Gold Corp.
Canadian Gold Corp. is a Toronto-based mineral exploration and growth firm whose goal is to broaden the high-grade gold useful resource on the previous producing Tartan Mine, positioned in Flin Flon, Manitoba. The historic Tartan Mine at present has a 2017 indicated mineral useful 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 Firm additionally holds a 100% curiosity in greenfields exploration properties in Ontario and Quebec adjoining to a few of Canada’s largest gold mines and growth tasks, particularly, the Canadian Malartic Mine (QC), the Hemlo Mine (ON) and Hammond Reef Mission (ON). The Firm is 34% owned by Robert McEwen, who was the founder and CEO of Goldcorp and is Chairman and CEO of McEwen Mining.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This information launch of the Firm accommodates statements that represent “forward-looking statements.” Such forward-looking statements contain identified and unknown dangers, uncertainties and different elements that will trigger Canadian Gold’s precise outcomes, efficiency or achievements, or developments within the business to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements.
Determine 1. Tartan Mine – South Zone Longitudinal Part illustrating the placement of gap TLSZ25-32.
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Determine 2. Tartan Mine – Intersection of high-grade South Zone mineralization in gap TLMZ25-32.
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Determine 3. Tartan Mine – Important and South Zone 3D mannequin displaying the placement underground infrastructure and drill gap TLSZ25-32.
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https://images.newsfilecorp.com/files/3276/243043_287b98d3044bb886_003full.jpg