CCM: this is the lazy stock with the best undeveloped gold mine in BC I think and right across the river from RDV.
Canarc drills two m of 24.6 g/t Au at New Polaris
Canarc Resource Corp (C:CCM)
Shares Issued 63,470,476
Last Close 8/4/2006 $0.70
Tuesday August 08 2006 - News Release
Mr. Bradford Cooke reports
CANARC RESOURCE CORP.: IN-FILL DRILLING CONTINUES TO DELINEATE HIGH GRADE GOLD MINERALIZATION AT NEW POLARIS PROPERTY, BC
Canarc Resource Corp. is confirming that the 2006 infill drilling program continues to delineate high-grade gold mineralization in the C veins on the New Polaris property in northwestern B.C.
Drilling highlights include higher grades such as 24.6 grams per tonne gold over 2 metres (0.72 ounce per ton over 6.6 feet) in hole 1737E-3 and broader widths such as 7.4 metres grading eight grams per tonne gold (0.23 ounce per ton over 24.3 feet) in hole 1676E-6. Significant intercepts were as follows:
Hole From Length Gold Length Gold
(No.) (m) (m) (g/t) (feet) (o/t)
1676E-6 284.8 7.4 8.0 24.3 0.23
1707E-3 232.7 3.1 17.4 10.2 0.51
and 247.0 3.0 5.9 9.8 0.17
and 253.0 1.9 10.5 6.2 0.31
1707E-6A 312.0 1.4 18.8 4.6 0.55
1737E-3 242.3 2.0 24.6 6.6 0.72
and 252.7 2.0 10.6 6.6 0.31
240SW-8 263.5 6.5 7.7 21.3 0.22
and 297.7 1.5 8.8 4.9 0.26
and 316.1 1.45 8.3 4.8 0.24
270SW-4 263.1 5.75 12.3 18.9 0.36
and 310.8 2.9 4.9 9.5 0.14
Hole 240SW-8 is the deepest and northeastern-most drill hole on the infill grid to date. The C vein appears to be thickening in this direction and the C vein resource area is wide open for expansion to the northeast and at depth. Although not part of the original drill plan, some additional holes will be drilled to further test this area of the C veins.
Canarc has now completed the drilling of 33 holes, or half of the scheduled 65 hole 2006 infill drill program. Eleven holes are currently out for assay including several in the vicinity of 240SW-7 and 8.
James Moors, BSc, PGeo, vice-president, exploration, is the qualified person supervising the 2006 drill program on the New Polaris property. He has instituted a quality control sampling program of blanks, duplicates and standards to ensure the integrity of all assay results. All drill core is split by Canarc personnel at the New Polaris camp, and then flown to Vancouver for assay by ALS Chemex. The core samples are dried, crushed, split and a 30-gram subsample is taken for analysis. Gold content is determined by fire assay with a gravimetric finish on samples containing greater than one gram per tonne gold, and other trace elements are analyzed by atomic absorption. ALS Chemex also uses its own standards for quality control checks.
© 2006 Canjex Publishing Ltd. |
