| Vancouver, BC, June – Karus Gold Corp (“Karus Gold” or the “Company”) is pleased to announce the results from its summer 2021 drill program at its Gold Creek gold project (“Gold Creek”) part of the Company’s 1,000 square kilometers (“km”) South Cariboo Gold District in British Columbia (Figure 1). A total of 1,389 meters (“m”) in five diamond drill holes was completed at Gold Creek between mid-June and early July 2021, including hole GC-21-049 that returned 0.74 grams per tonne (“g/t”) gold over 46.4 m within a broader envelope of gold mineralization of 0.49 g/t gold over 80.65 m. Karus Gold Vice President of Exploration, Michael Tucker, comments, “The Gold Creek program successfully confirmed the orientation and trend of the gold bearing horizon at the Camp Zone. The same mineralized horizon has now been traced for over 1,000 m of strike length, and depths up to 250 m down-dip. The system continues to demonstrate robust scale potential.” Highlights: Program confirmed the orientation of the broader envelope of gold mineralization in the Camp Zone. Higher-grade plunge lines are beginning to be identified within the broader corridor or mineralization. Mineralized corridor remains sparsely tested over 1,000m strike length and could be part of a much larger gold mineralizing system that includes the adjacent Spanish Mountain deposit that is 100% owned by Spanish Mountain Gold. |
| About Karus Gold Corp. Karus Gold is 100% owner of the 1,000 km2 South Caribou Gold District that includes the drill-stage FG Gold and Gold Creek projects in British Columbia. Karus Gold is supported by strategic investors Eric Sprott; and insiders, together with the management and Board, own approximately 59% of the basic shares outstanding. Further information on Karus Gold and its assets can be found on the Company’s website at www.karusgold.com and at www.sedar.com, or by contacting us as info@karusgold.com or by telephone at (888) 455-7620. On behalf of Karus Gold ”Andrew Kaip” Chief Executive Officer (647) 515-7858 Investor Relations Kin Communications (604) 684-6730 |
