Canadian Gold Corp. Field Exploration Underway at Hammond Reef South and Tartan West
Canadian Gold Corp. (TSXV: CGC) has launched two field exploration programs at its Hammond Reef South and Tartan West properties. The Hammond Reef South program, funded by a recent $385,000 flow-through share placement, aims to follow up on high-grade gold discoveries from 2024 that yielded up to 35.4 gpt gold.
The property is strategically located just 2 km from Agnico Eagle's Hammond Reef Deposit, which contains over 5 million ounces of gold. At Tartan West, the company is conducting ground reconnaissance along the Tartan Shear Zone, with historic samples showing impressive grades of up to 118 gpt gold and historic drilling results including 44.2 gpt gold over 2.5 metres.
Canadian Gold Corp. (TSXV: CGC) ha avviato due programmi di esplorazione sul campo presso le sue proprietà Hammond Reef South e Tartan West. Il programma di Hammond Reef South, finanziato da un recente collocamento di azioni flow-through da 385.000 $, mira a proseguire gli studi sulle scoperte di oro ad alta concentrazione del 2024, che hanno raggiunto fino a 35,4 gpt di oro.
La proprietà è strategicamente situata a soli 2 km dal deposito Hammond Reef di Agnico Eagle, che contiene oltre 5 milioni di once d'oro. A Tartan West, la società sta conducendo una ricognizione a terra lungo la Tartan Shear Zone, con campioni storici che mostrano gradevoli concentrazioni fino a 118 gpt di oro e risultati di perforazioni storiche che includono 44,2 gpt di oro su 2,5 metri.
Canadian Gold Corp. (TSXV: CGC) ha iniciado dos programas de exploración de campo en sus propiedades Hammond Reef South y Tartan West. El programa de Hammond Reef South, financiado por una reciente colocación de acciones flow-through por 385,000 $, tiene como objetivo dar seguimiento a los descubrimientos de oro de alta ley de 2024, que alcanzaron hasta 35.4 gpt de oro.
La propiedad está estratégicamente ubicada a solo 2 km del depósito Hammond Reef de Agnico Eagle, que contiene más de 5 millones de onzas de oro. En Tartan West, la compañía está realizando un reconocimiento terrestre a lo largo de la Tartan Shear Zone, con muestras históricas que muestran impresionantes grados de hasta 118 gpt de oro y resultados históricos de perforación que incluyen 44.2 gpt de oro en 2.5 metros.
Canadian Gold Corp. (TSXV: CGC)는 Hammond Reef South와 Tartan West 광산 부지에서 두 개의 현장 탐사 프로그램을 시작했습니다. Hammond Reef South 프로그램은 최근 385,000 달러 규모의 플로우스루 주식 배정을 통해 자금을 조달했으며, 2024년에 발견된 고품위 금 매장량을 따라가며 최대 35.4 gpt 금을 목표로 하고 있습니다.
이 부지는 Agnico Eagle의 Hammond Reef 매장지에서 단지 2km 떨어진 전략적 위치에 있으며, 이 매장지에는 500만 온스 이상의 금이 포함되어 있습니다. Tartan West에서는 회사가 Tartan Shear Zone을 따라 지상 정찰을 실시하고 있으며, 과거 샘플에서는 최대 118 gpt 금의 인상적인 등급과 2.5미터 구간에서 44.2 gpt 금을 포함한 과거 시추 결과가 나타났습니다.
Canadian Gold Corp. (TSXV : CGC) a lancé deux programmes d'exploration sur le terrain sur ses propriétés Hammond Reef South et Tartan West. Le programme Hammond Reef South, financé par un récent placement d'actions flow-through de 385 000 $, vise à poursuivre les découvertes d'or à haute teneur de 2024, qui ont atteint jusqu'à 35,4 gpt d'or.
La propriété est stratégiquement située à seulement 2 km du gisement Hammond Reef d'Agnico Eagle, qui contient plus de 5 millions d'onces d'or. À Tartan West, la société effectue une reconnaissance au sol le long de la Tartan Shear Zone, avec des échantillons historiques montrant des teneurs impressionnantes allant jusqu'à 118 gpt d'or et des résultats de forage historiques incluant 44,2 gpt d'or sur 2,5 mètres.
Canadian Gold Corp. (TSXV: CGC) hat zwei Feldexplorationsprogramme auf seinen Grundstücken Hammond Reef South und Tartan West gestartet. Das Programm in Hammond Reef South, finanziert durch eine kürzliche Flow-Through-Aktienplatzierung in Höhe von 385.000 $, zielt darauf ab, die hochgradigen Goldfunde aus dem Jahr 2024 weiter zu verfolgen, die bis zu 35,4 gpt Gold ergaben.
Das Grundstück liegt strategisch nur 2 km vom Hammond Reef Lager von Agnico Eagle entfernt, das über 5 Millionen Unzen Gold enthält. In Tartan West führt das Unternehmen eine Geländeerkundung entlang der Tartan Shear Zone durch, wobei historische Proben beeindruckende Gehalte von bis zu 118 gpt Gold zeigten und historische Bohrergebnisse 44,2 gpt Gold über 2,5 Meter umfassen.
- Strategic location near Agnico Eagle's 5-million-ounce Hammond Reef Deposit
- High-grade gold samples at Hammond Reef South (up to 35.4 gpt)
- Impressive historic drilling results at Tartan West (up to 595.2 gpt over 0.2m)
- Recent $385,000 flow-through financing secured for Hammond Reef South exploration
- Potential for operational synergies with existing Tartan Mine infrastructure
- Early-stage exploration with no defined mineral resources yet
- Dependent on future successful drilling results
- Will require additional capital for advanced exploration and development
Flin Flon, Manitoba--(Newsfile Corp. - July 17, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce the commencement of two independent field exploration programs, one at the Tartan West Property (recently optioned from Hudbay Minerals Inc.) located immediately adjacent to the west of the Tartan Mine Property in Flin Flon, MB, and the other at the Hammond Reef South Property located near Atikokan, Ontario, adjacent to Agnico Eagle's fully permitted Hammond Reef Gold Deposit.
Hammond Reef South
The 2025 field exploration program is designed to follow up on the high grade gold samples discovered last year, which remain open along strike. This program will be funded using proceeds of a recently closed
Last year's program successfully identified a new high-grade gold zone with assays returning 35.4 gpt, 11.6 gpt, 7.1 gpt, and 2.9 gpt gold (see: September 25, 2024 CGC News Release). The Hammond Reef South property is located only 2 km from Agnico Eagle's Hammond Reef Deposit, which contains a large mineral resource of more than 5 million ounces of gold and occurs in the same geological environment (Fig. 1). Exploration is currently focused on evaluating the extent of the gold system as well as the broader mineralized corridor that extends over a 6.7 km strike and parallel to Agnico Eagle's Hammond Reef Deposit (Fig.1).
The current program will include follow-up surface work along strike to better evaluate the lateral extent, width and continuity of the gold system, building on last year's strong results (Fig.2).
In addition, the Company is also planning a geophysical program to target areas of higher sulphide content, which have shown a strong correlation with the gold mineralization. Together, the surface work will focus on tracing the trend of the mineralization while the geophysics will help identify potential extensions of the system beneath cover and at depth to refine high-priority targets for drilling.
Tartan West Property
Field crews have also commenced a ground reconnaissance program along the Tartan Shear Zone on the Tartan West Property (Fig. 3).
The current Tartan West program consists of detailed mapping, prospecting, and sampling to evaluate and verify the historic high-grade surface showings (Fig.4), which will aid with prioritization of areas for additional work such as trenching, stripping and diamond drilling.
Historic high-grade gold surface samples with no follow-up drilling returned: 118 gpt gold and 53.5 gpt gold (Fig. 4).
Highlights of the historic drilling include extremely high-grade results: 44.2 gpt gold over 2.5 metres, 68.9 gpt gold over 1.1 metres, 60.0 gpt over 1.1 metres and 595.2 gpt over 0.2 metres. Additional drill assays have returned results comparable to the Tartan Mine, including 11.6 gpt gold over 3.8 metres, 7.7 gpt gold over 4.4 metres, 6.4 gpt gold over 2.4 metres and 12.9 gpt gold over 1.13m (Fig. 4).
The program at the Tartan West property is an important first step toward a goal of potentially levering future infrastructure investments over an expanded resource base, delivering enhanced economies of scale including:
- the potential to build a single process facility at the Tartan Mine and source ore from multiple areas along the contiguous Tartan Shear Zone, reducing the capital needed on a per ounce basis once a decision has been made to restart production; and
- ability to access Tartan West mineralization in the future from current and planned Tartan Mine underground infrastructure.
For Further Information, Please Contact:
Michael Swistun, CFA
President & CEO
Canadian Gold Corp.
(204) 232-1373
info@canadiangoldcorp.com
Social Media Accounts:
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Person
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.
About Canadian Gold Corp.
Canadian Gold Corp. is a Canadian-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). (Tartan Lake Project Technical Report, Manitoba, Canada, April 2017 authored by Mining Plus Canada Consulting Ltd.). The Company also holds a
CAUTION REGARDING FORWARD-LOOKING INFORMATION
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.
Figure 1: Hammond Reef South Gold Trend
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Figure 2: Hammond Reef South 2024 Surface samples
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Figure 3. Location of the Tartan West Property.
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Figure 4. Location of highlight historic gold occurrences on the Tartan West Property.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259099
FAQ
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