Vancouver, BC, May 18, 2022 – Karus Gold Corp. (“Karus Gold” or the “Company”) announces additional high-grade gold drill results including 13.9 meters (“m”) of 3.01 grams per tonne (“g/t”) gold within a broader interval of 74.3 m of 1.06 g/t gold confirming the presence of high-grade gold corridors below historical drilling at the FG Gold Project (“Project” or “FG Gold”), part of the Company’s 1,000 square kilometer (“km”) South Cariboo Gold District in British Columbia (Figure 1).
Highlights
- FG-21-402 confirms continuity of Vein Corridor 1 gold mineralization in the core of FG Gold:
- 74.3 m of 1.06 g/t gold, including 13.9 m of 3.01 g/t gold.
- FG-21-406 confirms the continuity of Corridor 1 gold mineralization for 100 m along strike to the SE from FG-21-401, remaining open at depth:
- 116.2 m of 0.62 g/t gold at 198.7 m downhole, including 5.3 m of 2.3 g/t gold, and 11.25 m of 1.16 g/t gold.
- FG-21-404 confirms continuation of gold mineralization in Corridor 3, 50 m to the northwest of FG-20-377.
- 8.65 m of 3.17 g/t gold at 330 m downhole.
- 48.9 m of 1 g/t gold at 347 m downhole, including 19.2 m of 1.7 g/t gold, and 6.2 m of 2.98 g/t gold.
- Project remains underexplored along a >20-km trend, providing many opportunities to expand the footprint of gold mineralization and for new discoveries on-strike and downdip.
Karus Gold’s Vice-President of Exploration, Michael Tucker, comments, “FG-21-402 further confirms the presence of the higher-grade gold corridor below historical FG Gold drilling and validates the structural interpretation of the trend of higher-grade plunging gold zones. FG-21-406 further validate the structural orientation of the gold-bearing corridors. FG-21-404 is a great step in expanding higher grade gold zones at depth to the northwest where the gold corridors should come close to topographic surface.”
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