Canadian Gold Corp. Tartan Mine: Western Expansion Drilling Intersects More High-Grade of 11.6 gpt Gold Over 5.1 Metres & 7.1 gpt Over 6.0 Metres

Core Viewpoint - Canadian Gold Corp. has reported significant high-grade gold drill results from its ongoing Phase 4 drill program at the Tartan Mine, indicating strong continuity of mineralization and enhancing the deposit's viability for future mining operations [1][4]. Drilling Results - The Phase 4 drill program has successfully intersected high-grade mineralization, with 90% of the 29 holes drilled yielding potentially economic results within the Main Zone [1][4]. - Notable drill results include Hole TLMZ21-03W3, which returned 11.6 grams per tonne (gpt) gold over 5.1 metres, and Hole TLMZ21-03W2, which returned 7.1 gpt gold over 6.0 metres [5][6]. Mineral Resource Estimate - The ongoing drilling will contribute to an updated mineral resource estimate, with over 23,000 metres drilled since the last estimate in 2017, expanding the vertical extent of gold mineralization by approximately 79%, from 575 metres to 1,030 metres below surface [3][10]. Future Exploration Potential - There remains significant potential for further expansion of high-grade mineralization along both the western and eastern flanks of the Main Zone, with additional drilling planned to maximize gold ounces before the updated resource estimate and mine economics study [5][6]. Company Overview - 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 a grade of 6.32 gpt [10]. The company also holds exploration properties in Ontario and Quebec adjacent to major gold mines [10].