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Karus Gold Drills 80.65 Meters of 0.5 g/t Gold at Gold Creek Project
15:30 Uhr | Newsfile
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Vancouver, January 19, 2022 - Karus Gold Corp. ("Karus Gold" or the "Company") is pleased to announce the results from its summer 2021 drill program at its Gold Creek gold project ("Gold Creek") part of the Company's 1,000 square kilometers ("km") South Cariboo Gold District in British Columbia (Figure 1). A total of 1,389 meters ("m") in five diamond drill holes was completed at Gold Creek between mid-June and early July 2021, including hole GC-21-049 that returned 0.74 grams per tonne ("g/t") gold over 46.4 m within a broader envelope of gold mineralization of 0.49 g/t gold over 80.65 m.
Karus Gold Vice President of Exploration, Michael Tucker, comments, "The Gold Creek program successfully confirmed the orientation and trend of the gold bearing horizon at the Camp Zone. The same mineralized horizon has now been traced for over 1,000 m of strike length, and depths up to 250 m down-dip. The system continues to demonstrate robust scale potential."
Highlights:
- Program confirmed the orientation of the broader envelope of gold mineralization in the Camp Zone.
- Higher-grade plunge lines are beginning to be identified within the broader corridor or mineralization.
- Mineralized corridor remains sparsely tested over 1,000m strike length and could be part of a much larger gold mineralizing system that includes the adjacent Spanish Mountain deposit that is 100% owned by Spanish Mountain Gold.