Canarc
Resource Corp. (CCM:TSX and CRCUF:OTC-BB)
reports that initial trench results from
the JQA prospect area on the Benzdorp property in Suriname confirm
the discovery of a broad zone of porphyry-style gold
mineralization.
The
bulldozer/excavator trenching program got underway in the fourth
quarter of 2002 to follow-up on an extensive gold soil anomaly
outlined by Canarc in 1996 and partially defined by 150 deep auger
holes and three trenches in 1997. Five new trenches have now
been completed and results are as follows:
|
From (m) |
To (m) |
Width (m) |
Grade (gpt) |
Trench |
New Trenches |
TR97-02 extension |
0 |
142 |
142 |
0.91 |
|
(still in mineralization at both ends) |
|
including |
76 |
142 |
66 |
1.04 |
|
|
|
TR02-01 |
0 |
146 |
146 |
0.80 |
|
(still in mineralization at both ends) |
|
including |
42 |
111 |
69 |
0.96 |
|
|
|
TR02-02 |
0 |
59 |
59 |
0.90 |
|
(still in mineralization at both ends) |
|
including |
34 |
59 |
25 |
1.02 |
|
|
|
PW02-01 |
0 |
17 |
17 |
2.45 |
|
(still in mineralization at both ends) |
|
including |
10 |
12 |
2 |
10.87 |
|
|
|
PW02-02 |
0 |
3 |
3 |
0.93 |
|
|
Previous Trenches |
TR97-012 |
0 |
62 |
62 |
1.20 |
|
(still in mineralization at both ends) |
|
|
|
TR97-02 |
0 |
76 |
76 |
0.80 |
|
(still in mineralization at both ends) |
|
|
|
TR97-03 |
0 |
19 |
19 |
2.68 |
Trenches
TR97-02 (extension), TR02-01 and TR02-02 extended the width of the
JQA gold mineralized zone to almost 150 m still open to the east and
west and extended the length to 200 m north-south. Sampling of porknocker
workings PW02-01 and PW02-02 along the west bank of Rufin Creek
indicates that the JQA gold mineralized zone could actually extend a
further 400 m in width to the west of TR97-02. Further trenching to the
east is prohibited by a hard laterite cap on the hilltop and
prevented to the west by steep terrain and Pointu Kreek, so broader
mineralized widths can only be established by
drilling.
Clearly,
the porphyry-style gold mineralization discovered in the JQA
prospect area appears to cover a broad area and is open in all
directions. Trench
TR97-03 lies 900 m along strike south from the main JQA target and
could extend the overall strike length to 1500 m. The next phase of trenching,
to get underway by month-end, will target strike extensions to the
north and south of the main JQA zone.