Canadian Gold Corp (STRRF) reported impressive drill results from its Phase 4 program at the Tartan Mine in Manitoba. The company successfully expanded the South Zone by 140 meters vertically, reaching 310 meters (120%) below the 2017 resource estimate. Key highlights include an intersection of 9.4 gpt gold over 3.3 meters in the latest deep test. This follows a previous intersection of 6.1 gpt gold over 6 meters announced in March 2025. The Main Zone has already been extended from 575 meters to 1,030 meters below surface, representing a 79% increase. Additional drilling above the initial deeper hole returned 7.6 gpt gold over 4.0 meters, while testing to the east and below yielded 3.3 gpt gold over 3.0 meters. These results suggest the South Zone could have similar depth potential to the Main Zone, potentially improving the mine's restart economics.
Canadian Gold Corp (STRRF) ha riportato risultati impressionanti dal suo programma di perforazione Fase 4 presso la miniera Tartan in Manitoba. L'azienda ha ampliato con successo la Zona Sud di 140 metri in verticale, raggiungendo 310 metri (120%) sotto la stima delle risorse del 2017. Tra i punti salienti, un'intersezione di 9,4 gpt di oro su 3,3 metri nel più recente test profondo. Questo segue una precedente intersezione di 6,1 gpt di oro su 6 metri annunciata a marzo 2025. La Zona Principale è stata già estesa da 575 metri a 1.030 metri sotto la superficie, con un incremento del 79%. Ulteriori perforazioni sopra il foro più profondo iniziale hanno restituito 7,6 gpt di oro su 4,0 metri, mentre i test verso est e in profondità hanno prodotto 3,3 gpt di oro su 3,0 metri. Questi risultati suggeriscono che la Zona Sud potrebbe avere un potenziale di profondità simile a quello della Zona Principale, migliorando potenzialmente l'economia del riavvio della miniera.
Canadian Gold Corp (STRRF) informó resultados impresionantes de perforación en su programa de Fase 4 en la Mina Tartan en Manitoba. La compañía amplió con éxito la Zona Sur en 140 metros verticalmente, alcanzando 310 metros (120%) por debajo de la estimación de recursos de 2017. Los aspectos destacados incluyen una intersección de 9,4 gpt de oro sobre 3,3 metros en la última prueba profunda. Esto sigue a una intersección previa de 6,1 gpt de oro sobre 6 metros anunciada en marzo de 2025. La Zona Principal ya se ha extendido de 575 metros a 1.030 metros bajo la superficie, representando un aumento del 79%. Perforaciones adicionales por encima del agujero profundo inicial arrojaron 7,6 gpt de oro sobre 4,0 metros, mientras que las pruebas hacia el este y por debajo arrojaron 3,3 gpt de oro sobre 3,0 metros. Estos resultados sugieren que la Zona Sur podría tener un potencial de profundidad similar al de la Zona Principal, mejorando potencialmente la economía para reiniciar la mina.
Canadian Gold Corp (STRRF)는 매니토바의 타탄 광산에서 진행 중인 4단계 시추 프로그램에서 인상적인 결과를 보고했습니다. 회사는 남부 구역을 수직으로 140미터 확장하여 2017년 자원 추정치보다 310미터(120%) 더 깊은 곳에 도달했습니다. 주요 하이라이트로는 최신 심층 시험에서 3.3미터 구간에서 금 9.4gpt가 포함됩니다. 이는 2025년 3월 발표된 6미터 구간에서 금 6.1gpt의 이전 교차 결과에 이은 것입니다. 메인 존은 이미 지표면 아래 575미터에서 1,030미터로 연장되어 79% 증가를 기록했습니다. 초기 심층 구멍 위쪽에서 추가 시추는 4.0미터 구간에서 금 7.6gpt를, 동쪽 및 아래쪽 테스트에서는 3.0미터 구간에서 금 3.3gpt를 산출했습니다. 이 결과들은 남부 구역이 메인 존과 유사한 깊이 잠재력을 가질 수 있음을 시사하며, 광산 재가동 경제성 개선에 기여할 수 있습니다.
Canadian Gold Corp (STRRF) a annoncé des résultats de forage impressionnants dans le cadre de son programme de phase 4 à la mine Tartan au Manitoba. La société a réussi à étendre la Zone Sud de 140 mètres en vertical, atteignant 310 mètres (120%) en dessous de l'estimation des ressources de 2017. Parmi les points clés, on note une intersection de 9,4 g/t d'or sur 3,3 mètres lors du dernier test en profondeur. Cela fait suite à une intersection précédente de 6,1 g/t d'or sur 6 mètres annoncée en mars 2025. La Zone Principale a déjà été étendue de 575 mètres à 1 030 mètres sous la surface, soit une augmentation de 79 %. Des forages supplémentaires au-dessus du trou profond initial ont donné 7,6 g/t d'or sur 4,0 mètres, tandis que les tests vers l'est et en dessous ont produit 3,3 g/t d'or sur 3,0 mètres. Ces résultats suggèrent que la Zone Sud pourrait avoir un potentiel de profondeur similaire à celui de la Zone Principale, améliorant potentiellement la rentabilité de la reprise de la mine.
Canadian Gold Corp (STRRF) meldete beeindruckende Bohrergebnisse aus seinem Phase-4-Programm in der Tartan-Mine in Manitoba. Das Unternehmen erweiterte erfolgreich die Südzone um 140 Meter vertikal und erreichte 310 Meter (120%) unterhalb der Ressourcenschätzung von 2017. Zu den wichtigsten Highlights gehört ein Schnitt mit 9,4 g/t Gold über 3,3 Meter im neuesten Tiefbohrtest. Dies folgt auf einen früheren Schnitt von 6,1 g/t Gold über 6 Meter, der im März 2025 bekannt gegeben wurde. Die Hauptzone wurde bereits von 575 Metern auf 1.030 Meter unter der Oberfläche ausgeweitet, was einer Steigerung von 79 % entspricht. Zusätzliche Bohrungen oberhalb des ursprünglichen Tiefenlochs ergaben 7,6 g/t Gold über 4,0 Meter, während Tests nach Osten und darunter 3,3 g/t Gold über 3,0 Meter lieferten. Diese Ergebnisse deuten darauf hin, dass die Südzone ein ähnliches Tiefenpotenzial wie die Hauptzone haben könnte, was die Wirtschaftlichkeit eines Minen-Neustarts verbessern könnte.
Positive
Strong gold grades discovered: 9.4 gpt gold over 3.3 meters in latest deep test
Significant vertical expansion of South Zone by 140 meters, now 310 meters below 2017 resource
Main Zone already extended by 79% (from 575m to 1,030m) and remains open for expansion
Potential for lower development costs per ounce due to increased gold ounces per vertical meter
Negative
True widths of the mineralization system are not yet known due to limited drilling
Some drill results showed lower grades (3.3 gpt gold over 3.0 meters) in eastern extension
South Zone Now 310m (120%) Below 2017 Resource
Flin Flon, Manitoba--(Newsfile Corp. - May 12, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to announce ongoing drill results from its Phase 4 drill program at the 100%-owned Tartan Mine, near Flin Flon, Manitoba. Drilling has successfully expanded the South Zone by an additional 140 metres vertically in depth, for a total of 310 metres or 120% below the 2017 resource estimate since drilling began in March of this year (Fig. 1 & 2). The South Zone is a parallel complex of mineralization to the Main Zone that is believed to host the majority of the mine's resources.
On March 3, 2025, the Company released its first deep test of the South Zone, which successfully intersected 6.1 gpt gold over 6 metres, 170metresbelowthe 2017resourceestimate. The subsequent hole released today returned 9.4 gpt gold over 3.3 metres and was located a further 140metresbelowtheinitialtest(Fig. 1 & 2). This result significantly expands the South Zone mineralization at depth and has important implications, as it appears the South Zone could have similar depth potential to the Main Zone, which the Company has extended below the 2017 resource limit of 575 metres to 1,030 metres below surface-a 79% increase-and which remains open for expansion.
"We are very excited that the Phase 4 drill program continues to deliver strong results and validates our thesis that the South Zone could represent a heretofore underexplored source of significant mineralization. This significant expansion of the South Zone will have important implications for potential restart of the Tartan Mine, as it would increase the number of gold ounces per vertical metre, lowering the development costs on a per-ounce basis and allowing for higher production." - Michael Swistun, CFA, President & CEO
Additional drilling in this release focused on expanding the mineralization above the initial deeper hole TLSZ25-32 by wedging above 16 metres, and to the east and below by 18 metres (Fig. 1). The hole drilled above the initial result returned 7.6 gpt gold over 4.0 metres. The first test to the east and below also successfully intersected the zone, but at a lower grade of 3.3 gpt gold over 3.0 metres.
Table 1. Drilling Assay Highlights
Drill Hole
From (metres)
To (metres)
Interval1 (metres)
Depth Below Surface (metres)
Gold Grade (gpt)
Zone2
TLSZ25-32W1
503.00
506.00
3.00
395
3.3
SZ
TLSZ25-32W2
472.15
490.00
17.85
425
2.7
SZ
Including
474.00
478.00
4.00
7.6
Including
474.00
478.00
2.00
11.6
TLSZ25-33
613.75
619.00
5.25
550
6.1
SZ
Including
613.75
617.00
3.25
9.4
Including
615.00
615.90
0.90
19.3
And
639.00
641.00
4.00
4.4
Including
639.00
641.00
2.00
6.9
1Interval widths reported; true widths of the system are not yet known due to lack of drilling. 2SZ refers to the South Zone.
Table 2. Details of Drill Hole Reported in this News Release
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.
Technical Information
The samples collected by Canadian Gold Corp. described in this news release were transported in secure, sealed bags for preparation and assay by Act Labs in Thunder Bay, Ontario. The samples reported are ½ core samples of NQ-size core, crushed in their entirety to 80% passing -10 mesh, with one 500 g subsample analyzed for gold by photon assay.
About Canadian Gold Corp.
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). McEwen Mining Inc. holds a 5.7% interest in Canadian Gold, and Robert McEwen, the founder and former CEO of Goldcorp, and Chairman and CEO of McEwen Mining, holds a 32.9% interest in Canadian Gold.
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. Tartan Mine - South Zone Longitudinal Section illustrating the location of holes reported in this release.
What were the latest drill results from Canadian Gold Corp's (STRRF) Tartan Mine?
The latest drill results showed 9.4 gpt gold over 3.3 meters in the South Zone, extending 140 meters vertically below previous drilling. Additional results included 7.6 gpt gold over 4.0 meters above the initial hole and 3.3 gpt gold over 3.0 meters to the east.
How much has Canadian Gold Corp expanded the Tartan Mine's South Zone in 2025?
Canadian Gold Corp has expanded the South Zone by 310 meters vertically, representing a 120% increase below the 2017 resource estimate.
What is the current depth of Canadian Gold Corp's Tartan Mine Main Zone?
The Main Zone has been extended from 575 meters to 1,030 meters below surface, representing a 79% increase, and remains open for expansion.
How could the South Zone expansion impact the Tartan Mine's potential restart?
The South Zone expansion could lower development costs on a per-ounce basis by increasing the number of gold ounces per vertical meter, potentially allowing for higher production.
What were the drilling specifications for Canadian Gold's latest Tartan Mine results?
The drilling program used NQ-size core, with samples crushed to 80% passing -10 mesh. A 500g subsample was analyzed for gold by photon assay at Act Labs in Thunder Bay, Ontario.
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