Further Extended Orogenic Gold Mineralization with Visual Gold in over 50% of the Drill Holes
- Vancouver, British Columbia--(Newsfile Corp. - September 23, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") is pleased to announce that it has completed exploration activities at the FG Gold Project ("FG Gold") in the South Cariboo Gold District ("District") in British Columbia (Figure 1).
- The FG Gold 2021 drill program successfully:
Confirmed the orientation of vein corridors hosting high-grade gold mineralization identified by the 2020 drill program (see news release dated June 16, 2021 titled "Karus Gold identifies multiple gold vein corridors at FG Gold");
Demonstrated continuity of gold mineralization within vein corridors through 50 m spaced drill holes along trend; and
Opened the potential for stacked vein corridors with several zones of increased veining outside of the targeted corridors.
- The next stage of the 2021 FG Gold drill program was to drill a series of wider spaced sections along the northwest extension of Vein Corridor 1 to demonstrate continuity of high-grade gold mineralization along the 650 m of strike potential identified during the 2020 FG Gold drill program.
- Karus Gold is 100% owner of the 1,000 km2 South Caribou Gold District that includes the drill-stage FG Gold and Gold Creek projects in British Columbia.