Canadian Gold Corp (STRRF)

[JD400]

$STRRF Expands High-Grade at Depth

Mine Resource Intersecting 12.7 GPT Gold Over 3.2 m, Meaningfully Expanding High-Grade at Depth
Phase 2 Drilling Resumes Targeting Main Zone, South Zone and East Tartan VMS Prospect

Toronto, Ontario – January 11, 2024 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce initial results from its Phase 2 Exploration Program at the Tartan Mine, located near Flin Flon, Manitoba, 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 415 metres below the resource estimate, increasing the vertical extent of the high-grade mineralization by 72% compared to the resource (Fig. 1). Hole TLMZ23-26W5 returned 12.7 gpt gold over 3.2 m, inside of another wide interval of disseminated gold mineralization that returned 2.7 gpt gold over 25 m. 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 in order to determine its importance and the ability to convert this mineralization into a potential resource.

Canadian Gold further announces

https://canadiangoldcorp.com/canadian-gold-corp-drills-deepest-hole-at-tartan-415-m-below-the-mine-resource-intersecting-12-7-gpt-gold-over-3-2-m-meaningfully-expanding-high-grade-at-depth/