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Canagold Continues to Intersect High-Grade Gold Mineralization in C-West Main Vein at New Polaris Project, BC

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Canagold Continues to Intersect High-Grade Gold Mineralization in C-West Main Vein at New Polaris Project, BC Vancouver, Canada – February 24, 2022 – Canagold Resources Ltd. (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA) announces high-grade gold assays for six 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.

The assay results include samples from drill holes that have returned significant intercepts of gold mineralization in the C-West Main (“CWM”).


Highlights: 19.5 grams per tonne (“gpt”) gold (“Au”) over 3.7 metres (“m”) from 427.3 m down the hole, in Hole 21-1615E1A 12.2 gpt Au over 1.8 m from 440.6 m in Hole 21-1635E1 21.1 gpt Au over 2.2 m from 327.3 m in Hole 21-1700E2A Including 38.6 gpt Au over 0.7 m from 327.9m 22.8 gpt Au over 1.7 m from 392.8 m in Hole 21-1760E1 Including 28.9 gpt Au over 1.3 m from 393.2m 11.6 gpt Au over 1.7 m from 474.6 m in Hole 21-1760E2A 7.25 gpt Au over 2.2 m from 316.1 m in Hole 21-1815E1  Scott Eldridge, Canagold CEO, said,   “These drill holes were designed to reduce the drill hole spacing within portions of the inferred resources so they can potentially be upgraded to indicated resources. These positive results further strengthen our confidence in the continuity and uniformity of grades and widths within the CWM vein system.”      

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