Vancouver, Canada – April 21, 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: 42.5 grams per tonne (“gpt”) gold (“Au”) over 2.0 metres (“m”) from 466.1 m in Hole 22-1665E1 Including 69.7 gpt Au over 0.8 m from 466.6 m 19.3 gpt Au over 4.3 m from 410.5 m down the hole, in Hole 21-1675E1A Including 33.2 gpt Au over 1.0 m from 411.0 m 10.4 gpt Au over 5.8 m from 460.5 m in Hole 21-1755E1 10.5 gpt Au over 4.9 m from 268.8 m in Hole 21-1800E4 12.9 gpt Au over 3.6 m from 408.5 m in Hole 22-1692E1 9.43 gpt Au over 1.7 m from 469.9 m in Hole 22-1700E1 Canagold News Brief, April 21, 2022  Scott Eldridge, Canagold CEO, said “In addition to significant infill results, this most recent batch of assays has intercepted robust mineralization within known gaps in the resource model. We see multiple opportunities for resource expansion in parallel veins as well as expanding the C West Main Vein where a known gap area has now intercepted 42.5 grams over 2 metres.
We are seeing excellent continuity in our infill efforts as we move towards upgrading inferred resources to measured and indicated. The tighter drill spacings are delivering significant grade over widths that support the PEA mine plan. We anticipate additional results in the coming weeks.”   |
