- Canadian Gold Corp. (STRRF, Financial) has discovered two separate high-grade gold zones with notable grades of 12.9 gpt over 3.0 metres and 7.6 gpt over 5.8 metres.
- The discovery of distinct mineralization zones at the South Zone could significantly increase ounces per vertical metre.
- Drilling suspended due to forest fire evacuation orders in the Flin Flon region, operations to resume upon clearance.
Canadian Gold Corp. (STRRF) has announced encouraging results from its Phase 4 drilling program at the Tartan Mine in Manitoba, highlighting the potential of its South Zone. The drilling results included Hole TLSZ25-35 which intersected two high-grade gold zones, yielding 12.9 gpt over 3.0 metres and 7.6 gpt over 5.8 metres within broader mineralized intervals. These findings suggest an increase in the total ounces per vertical metre, paving the way for enhanced project economics and potentially a larger-scale mine restart.
The newly identified gold zones lie between 345 and 376 metres below the surface, marking an important geological discovery for Canadian Gold Corp. These results bolster the company's objective to expand resources, suggesting potential for higher production rates and improved economic efficiencies through economies of scale at the Tartan Mine.
However, due to recent forest fire evacuation orders in the Flin Flon region, drilling has been temporarily suspended for safety reasons. The company plans to resume operations as soon as conditions are deemed safe by the authorities.
Despite the temporary suspension, the company remains optimistic about the potential of the Tartan Mine's South Zone. Continued rainfall and cooler temperatures are aiding firefighting efforts, with a hopeful outlook for the resumption of drilling activities soon.
