Canarc intersects gold mineralization in drilling program at Ianna property, Guyana.VANCOUVER, BC--(BUSINESS WIRE)--May 9, 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. (CCM.T) announces that the Phase 1 drilling program on the Ianna property, Guyana has intersected gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. in two separate target areas. The purpose of this Phase 1 drill program is to test four bulk tonnage gold targets by drilling approximately 20 holes on a reconnaissance basis. A fence of five holes has been completed across a 350 m width in the first target, the Sweetheart anomaly. Multiple subparallel mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zones were intersected in drilling, some of which are reported as follows: -0-
Drill Hole From To Width Grade
(No.) (m) (m) (m) (gpt)
-------------------------------------------------
1A95-01 97.0 122.0 25.0 1.38
include 97.0 106.0 9.0 2.25
1A95-02 120.0 127.0 7.0 1.80
1A95-03 47.0 52.0 5.0 1.43 1A95-04 25.3 30.0 4.7 1.44 1A95-05 1.0 12.0 11.0 0.91 Further Phase 2 drilling will be required to test the Sweetheart anomaly along strike over its 1.1 km length. Mineralization consists of shear zone hosted, quartz-pyrite veinlets crosscutting cross·cut·ting n. A technique used especially in filmmaking in which shots of two or more separate, usually concurrent scenes are interwoven. Also called intercutting. altered volcanic rocks and porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. style quartz veins within kaolinitized intrusive rocks of the Ianna Stock. Two holes have been completed in the second target, the Meadowhalf anomaly. Several subparallel, mineralized zones were also intersected by drilling here, some of which are reported as follows: -0-
Drill Hole From To Width Grade
(No.) (m) (m) (m) (gpt)
-------------------------------------------------
1A95-06 27.0 48.0 21.0 1.75
include 27.0 34.0 7.0 4.24
1A95-07 0.0 27.0 27.0 0.88
151.0 161.0 10.0 1.05
Further Phase 2 drilling is also indicated here to follow the mineralized zones along more than 600 m of strike length. Mineralization consists of a swarm of quartz veins crosscutting sheared sheared adj. Shaped or finished by shearing, especially cut or trimmed to a uniform length: a sheared fur coat. Adj. 1. and altered volcanic rocks. The drill is now working at the third bulk tonnage target, the Stonehill anomaly, where four holes have been completed. Deep augering at Stonehill has identified a strong mineralized zone grading 0.94 gpt over 130 m width on L1600 E and 0.67 gpt over 80 m width on L1700 E. A strike length of more than 900 m is indicated and drilling is continuing at Stonehill, before moving to test other bulk tonnage gold targets on the Ianna property. Canarc has an option to earn up to a 65% interest in Ianna from Roraima Gold Corp. by carrying out certain exploration expenditures over a four year period. Canarc Resource Corp. is a growth-oriented, international gold exploration and mining company with active gold projects in North, Central, and South America. Major shareholders include Barrick Gold (4%) and Echo Bay Mines (10%). ON BEHALF OF THE BOARD OF DIRECTORS Bradford J. Cooke President CONTACT: Todd McMurray, Vice President Investor Relations Investor relations The process by which the corporation communicates with its investors. , 604/685-9700, 604/685-9744 (Fax) INDUSTRY KEYWORD: MINING 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 |
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