Canadian Gold Corp. (TSXV: CGC), formerly Satori Resources, has announced initial results from its Phase 2 exploration programme at its Tartan Mine in Canada, including the deepest hole in the project’s history.
Drilling continues to extend the vertical limits of the high-grade gold mineralization, now identified to at least 415m below the resource estimate, increasing the vertical extent of the high-grade mineralization by 72% compared to the resource.
Hole TLMZ23-26W5 returned 12.7g/t gold over 3.2m, inside of another wide interval of disseminated gold mineralization that returned 2.7g/t gold over 25m. The implication of these wider intervals surrounding the high-grade at depth (which are becoming common) is being reviewed by the company’s geological team to determine its importance and the ability to convert this mineralization into a potential resource.
Canadian Gold Corp. is a Toronto-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past producing Tartan Mine, located in Flin Flon, Manitoba.
The company holds a 100% interest in greenfields exploration properties in Ontario and Quebec adjacent to some of Canada’s largest gold mines and development projects, specifically, the Canadian Malartic Mine in Quebec, the Hemlo Mine in Ontario, and the Hammond Reef Project (also in Ontario).
The company is 36% owned by Robert McEwen, who was the founder and CEO of Goldcorp and is the chairman and chief executive officer of McEwen Mining (TSX: MUX | NYSE: MUX).
For further information, please visit: www.canadiangoldcorp.com
To read more articles like this, please visit: www.theassay.com
