Canadian Gold drills 9.4 g/t gold over 3.3 metres at Tartan Mine, Manitoba
Canadian Gold Corp. [TSXV: CAN] reported 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. 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 g/t gold over 6 metres, 170 metres below the 2017 resource estimate. The subsequent hole released today returned 9.4 g/t gold over 3.3 metres and was located a further 140 metres below the initial test. 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.” said 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. The hole drilled above the initial result returned 7.6 g/t 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 g/t gold over 3.0 metres.
Interval widths are reported; true widths of the system are not yet known due to lack of drilling. SZ refers to the South Zone.
Canadian Gold’s objective is to expand the high-grade gold resource at the past producing Tartan Mine. 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.