CANARC RESOURCE -- MAJOR DRILLING PROGRAM NOW UNDERWAY AT IANNA PROPERTY - AUGER AND TRENCH SAMPLING CONFIRMS SWEETHEART GOLD TARGET AT IANNA.VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 22, 1995-- CANARC RESOURCE CORP. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CCM CCM Contemporary Christian Music CCM Critical Care Medicine CCM County College of Morris (New Jersey) CCM Chama Cha Mapinduzi (political party, Tanzania) CCM CORBA Component Model ) Canarc Resource Corp. announces that major drilling program is now underway on the Ianna property in northwestern Guyana. Canarc holds an option to earn up to 65% working interest in Ianna from Roraima Mining Company, a Guyanese corporation. The US $900,000 exploration program includes 3150 m of diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral in approximately 25 holes to test four bulk tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. gold targets outlined by soil, auger auger (ô`gər): see drill. auger Tool (or bit) used with a carpenter's brace for drilling holes, usually in wood. It looks like a corkscrew and produces extremely clean holes, almost regardless of how large the bit is. and trench sampling. Recent auger and trench sampling of the Sweetheart anomaly has confirmed and extended the high grade trench assays announced in December. Assay results are as follows: SWEETHEART ANOMALY WIDTH (m) GRADE (gpt) Trench 1 16 8.43 Comparable Auger Holes 20 7.92 Trench 1 South 10 0.79 Comparable Auger Holes 10 0.97 Trench 2 30 1.67 Comparable Auger Holes 30 1.07 Bradford Cooke, President of Canarc, stated that "These high grade auger and trench results confirm our opinion that the Ianna property holds substantial potential to host an Omai-type gold deposit. The drill program will test four of these bulk tonnage targets over the next 3 months." ON BEHALF OF THE BOARD OF DIRECTORS Roxane Christ Executive Assistant on behalf of Bradford J. Cooke President CONTACT: Canarc Resource Corp. Todd McMurray, 604/685-9700 KEYWORDS: REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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