News
Canarc Resource Corp. (CCM: TSX and CRCUF: OTC-BB) announced today additional drill intercepts of porphyry gold mineralization from the JQA prospect area of the Benzdorp property in Suriname.
Drill holes BZ03-13, 15 and 16 each returned significant gold grades over their entire lengths and holes BZ03-14 and 17 both intersected the margins of the mineralized zone. Assays are as follows:
| Hole (No) | From (m) | To (m) | Length (m) | Gold (gpt) |
| BZ03-13 Including |
0.00 36.58 |
100.58 83.82 |
100.58 47.24 |
0.822 1.130 |
| BZ03-14 |
88.70 | 91.44 |
2.74 | 0.485 |
| BZ03-15 Including: |
0.00 39.62 |
81.49 54.86 |
81.49 15.24 |
0.481 0.725 |
| BZ03-16 Including: And: |
0.00 42.67 70.10 |
88.39 56.39 88.39 |
88.39 13.72 18.29 |
0.510 0.818 0.739 |
| BZ03-17 Including |
0.00 | 10.67 | 10.67 | 0.586 |
Core recoveries in the saprolite continue to average approximately 76% in holes BZ03-13 to 17 and bedrock was only reached in hole BZ03-14. Core losses in the mineralized zone imply gold losses as well, so the assays reported herein may understate the actual gold grades in saprolite.
Holes BZ03-9, 10, 11 and 12 were drilled to the south of JQA diorite intrusion and porphyry mineralization in the JQS prospect area. These drill holes intersected narrow widths of low grade, vein-type mineralization hosted by andesite volcanic rocks.
On Behalf of the Board of Directors
CANARC RESOURCE CORP.
/s/ “Bradford J. Cooke”
Bradford J. Cooke
President and C.E.O.
For more information, please contact Gregg Wilson at tel: (604) 685-9700, fax: (604) 685-9744, email info@canarc.net or visit our website, www.canarc.net. The TSX Exchange has neither approved nor disapproved the contents of this news release.