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Stocks in play: Canagold Resources Ltd

Baystreet.ca - Baystreet - Thu Aug 18, 2022

Announced that drill crews have been mobilized to site to restart drilling at the New Polaris Gold project, located in northern British Columbia. The 8,000 metres of drilling planned for 2022 is primarily targeting the shallower high-grade Y-vein system which consists of two parallel, steeply dipping veins striking north-south and located just north of the C-West Main vein. This target provides an opportunity to define high grade resources at a shallow depth that could be accessed early in the mine life. High grade intercepts from previous drill holes in this area included 30.6 grams per tonne ("gpt") gold ("Au") over 3.2 m, 13.0 gpt Au over 6.8 m and 22.7 gpt Au over 8.0 m. Canagold Resources Ltd shares T.CCM are trading unchanged at $0.26.

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