Canadian Gold Corp. Commences Phase 3 Drill Program at Tartan Mine
Canadian Gold Corp. Commences Phase 3 Drill Program at Tartan Mine
Toronto, Ontario--(Newsfile Corp. - July 30, 2024) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to provide an exploration update for the Tartan Mine property, located near Flin Flon, Manitoba.
资讯公司Newsfile Corp.(2024年7月30日,安大略省多伦多)加拿大黄金公司(TSXV:CGC)(“加拿大黄金”或“公司”)非常高兴地为塔坦矿山物业提供勘探更新,该物业位于马尼托巴省弗林弗伦附近。
Phase 3 Drill Program Initial Focus: Expanding the Hanging Wall Zone & Main Zone
第三阶段钻探计划最初的重点:拓展挂墙区和主区。
The Phase 3 Drill Program is now underway at the Tartan Mine. The Company had deferred the start of the Drill Program to ensure that a veteran drill crew would be on site for the program.
第三阶段钻探计划现已在塔坦矿山展开。公司推迟钻探计划的开始,以确保一支有经验的钻井队在项目现场。
As previously disclosed, the initial focus of the Phase 3 Drill Program is testing the western extent of the Hanging Wall Zone (HWZ), following up on two important intersections and the Main Zone record length intercept at depth.
正如之前披露的,第三阶段钻探计划的最初重点是测试挂墙带的西部范围,跟进两个重要的交叉口和Main Zone记录长度的深度拦截。
The two important intersections of the HWZ, which remains open to the west and starts approximately 670 metres below surface, include the first hole that returned 23.8 gpt gold over 12.6 metres, including 47.6 gpt gold over 5.8 metres and the second intercept, drilled earlier in 2024, returning 20.6 gpt gold over 5.7 metres, including 30.4 gpt gold over 3.0 metres.
挂墙区的两个重要交叉口(仍向西开放,并从表面以下约670米开始)包括第一口井,返回12.6米的23.8克/吨金,其中包括5.8米的47.6克/吨金,和第二个交叉,早在2024年之前钻探,返回5.7米的20.6克/吨金,其中包括3.0米的30.4克/吨金。
In the Main Zone the most important hole drilled in the earlier drill programs returned the longest intercept in the history of the Tartan Mine with an impressive 4.2 gpt gold over 53.7 metres, including 12.0 gpt gold over 8.0 metres. A detailed analysis of the drill data indicates that there is considerable potential to expand this zone to the west. Should the planned drill holes in this target area return similar assay results, it would represent a material increase to the size of the resource at the Tartan Mine.
在主区,在早期的钻探项目中钻孔最重要的是,以牙买加铁路为历史最长的拦截归还4.2克/ 公斤的黄金在53.7米,其中包括8.0米的12.0克/吨金。钻探数据的详细分析表明,该区域拓展到西部的潜力巨大。如果该目标区域计划的钻孔返回相似的化验结果,那么它将代表尺寸在塔坦矿山上的资源的实质性增加。
Management believes the ability to expand these important zones remains key to unlocking value at the Tartan Mine.
管理层认为,扩大这些重要区域的能力仍然是释放塔坦矿山价值的关键。
Further updates on the program will follow.
计划还将提供进一步的更新。
Proceeds from Canadian Gold's recently completed private placement offering (announced July 17, 2024) will be deployed for this Phase 3 Drill Program. Insiders of the Company subscribed to the offering resulting in related party considerations pursuant to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Canadian Gold relied on the exemptions contained in Section 5.5(c) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(b) of MI 61- 101 for an exemption from the minority shareholder approval requirement as the fair market value of the securities distributed under the offering, insofar as it involved interested parties, did not exceed $2,500,000.
加拿大黄金最近完成私募股票发行(宣布于2024年7月17日),所得款项将用于这个第三阶段钻探计划。公司内部人士认购了这项发行,因涉及TSX Venture Exchange Policy 5.9和Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions(“MI 61-101”),从而导致相关方考虑。加拿大黄金依赖于MI 61-101的第5.5(c)节的豁免来豁免正式估值要求,MI 61-101的第5.7(1)(b)节的豁免来豁免少数股东认可要求,因为发行的证券的公允市场价值,对于涉及利益相关方的内容而言,没有超过250万加元。
For Further Information, Please Contact:
如需更多信息,请联系:
Michael Swistun, CFA
President & CEO
Canadian Gold Corp.
(204) 232-1373
info@canadiangoldcorp.com
Michael Swistun,CFA
总裁兼首席执行官
加拿大黄金公司
(204) 232-1373
info@canadiangoldcorp.com
Qualified Person
合格人士
The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, P. Geo., Consulting Geologist for the Company, and a Qualified Person as defined under National Instrument 43-101.
本新闻稿所披露的科学技术信息由公司的咨询地质师和National Instrument43-101下定义的合格人员Wesley Whymark,P.Geo.审查批准。
About Canadian Gold Corp.
关于加拿大黄金公司
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 historic Tartan Mine currently has a 2017 indicated mineral resource estimate of 240,000 oz gold (1,180,000 tonnes at 6.32 g/t gold) and an inferred estimate of 37,000 oz gold (240,000 tonnes at 4.89 g/t gold). The Company also 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 (QC), the Hemlo Mine (ON) and Hammond Reef Project (ON). The Company is 35% owned by Robert McEwen, who was the founder and CEO of Goldcorp and is Chairman and CEO of McEwen Mining.
加拿大黄金公司是一家总部位于多伦多的矿产勘探和开发公司,其目标是扩大过去的生产地点塔坦矿山的高品位金资源,该矿山位于马尼托巴省弗林弗伦。历史悠久的塔坦矿山目前有2017年指示性矿产资源估计量为240,000盎司黄金(1,180,000吨,金品位为6.32克/吨)和推断估计量为37,000盎司黄金(240,000吨,金品位为4.89克/吨)。该公司还持有100%的股权,在安大略和魁北克拥有青田勘探物业,与加拿大一些最大的金矿和开发项目毗邻,特别是加拿大马拉提克矿(QC),赫洛矿(ON)和汉密尔顿礁项目(ON)。该公司由RobertMcEwen拥有35%的股权,他是Goldcorp的创始人和首席执行官,并担任McEwen Mining的董事长兼首席执行官。
CAUTION REGARDING FORWARD-LOOKING INFORMATION
关于前瞻性信息的警示
This news release of the Company contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Canadian Gold's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
本公司新闻发布中包含的陈述构成了“前瞻性陈述”。此类前瞻性陈述涉及已知和未知风险、不确定性和其他因素,可能会导致加拿大黄金的实际结果、业绩或成就或行业发展与预期结果、业绩或成就所表达或暗示的不同。