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
Including0.00
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
Including0.00
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.
/s/ “Bradford J. Cooke” Bradford J. Cooke For more information, please contact Gregg Wilson at tel: (604) 685-9700, fax: (604) 685-9744, email [email protected] or visit our website, www.canarc.net. The TSX Exchange has neither approved nor disapproved the contents of this news release.On Behalf of the Board of Directors
CANARC RESOURCE CORP.
President and C.E.O.