| Karus Gold Corp (“Karus Gold” or the “Company”) announces additional high-grade gold drill results from its 2021 drill program, including 17.87 meters (“m”) of 2.23 grams per tonne (“g/t”) gold within a broader interval of 59.35 m of 1.13 g/t gold. These results further confirm the presence of high-grade gold corridors below historical drilling at the FG Gold Project (“Project” or “FG Gold”), part of the Company’s 1,000 square kilometer (“km”) South Cariboo Gold District in British Columbia (Figure 1). Highlights FG-21-400 confirms the continuity of Corridor 1 gold mineralization for 25 m along strike to the SE from FG-20-382 and FG-20-383, remaining open at along strike to the SE: 17.65m of 0.74 g/t gold at 173.5 m downhole, including 4.65 m of 2.06 g/t gold 59.35 m of 1.13 g/t gold at 212.4 m downhole, including 17.87 m of 2.3 g/t gold FG-21-395 confirms continuation of Corridor 3 50 m along strike from FG-20-382 and FG-20-383, remaining open at along strike to the SE: 4 m of 0.84 g/t gold at 209.1 m downhole, including 7.9 m of 2.81 g/t gold Tightly spaced drilling tracing Corridor 1 to the SE confirms the strength of the lateral, F2 fold axis trend on mineralized zones. Project remains underexplored along a >20-km trend, providing many opportunities to expand the footprint of gold mineralization and for new discoveries on-strike and downdip. Karus Gold’s Vice President of Exploration, Michael Tucker, comments, “The FG-21-400 results are a further validation of the structural orientation of the gold-bearing zones. We are continuing to see where the primary controls of the mineralized zones trend and it is encouraging to see such a prominent structural trend controlling the orientation of the higher-grade gold plunge lines. This strong, strike continuity of Corridor 1 will guide the 2022 drill program that will include 50 m spaced step-outs along strike and 2 5 m pierce points on section to delineate the dimensions of gold mineralization.” |
| 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 investor 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 |
