Canadian Gold Corp. Announces Tartan Mine Delivers Rich Results

Core Viewpoint - Canadian Gold Corp. is experiencing positive results from ongoing exploration at the Tartan Mine Gold Project, indicating significant resource expansion and a deeper understanding of the geological potential of the site [1][2]. Exploration Results - The Phase 4 drill program has successfully targeted a large undrilled area of the Main Zone and has continued to build gold ounces along the western flank, with assays pending for deeper portions that show promise [2]. - The company has completed over 23,000 metres of drilling since the last resource estimate in 2017, expanding the vertical extent of gold mineralization by approximately 79%, from 575 metres to 1,030 metres below surface [4]. Drill Highlights - Drill hole TLMZ21-11W1 intersected a high-grade area, returning 19.4 grams per tonne (gpt) gold over 4.5 metres within a wider interval of 7.4 gpt gold over 13.5 metres, targeting a gap in the Main Zone [4][5]. - Drill hole TLMZ21-04W3 returned 8.0 gpt gold over 5.2 metres, including 12.5 gpt gold over 2.55 metres, expanding the width of the Main Zone by approximately 90% over a 50-metre stretch [4][5]. Future Plans - Additional drilling is planned to further explore the western limits of the Main Zone and to conduct deeper tests of the South Zone, aimed at maximizing potential gold ounces before updating the mineral resource estimate and mine economics study [4][2]. Company Background - Canadian Gold Corp. is focused on expanding the high-grade gold resource at the Tartan Mine, which has a 2017 indicated mineral resource estimate of 240,000 ounces of gold at 6.32 g/t and an inferred estimate of 37,000 ounces at 4.89 g/t [9]. - The company also holds exploration properties in Ontario and Quebec, adjacent to major gold mines and development projects [10].