2003
Additional Porphyry Gold Drill Intercepts From JQA Prospect, Benzdorp Property, Suriname
October 20, 2003
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 [email protected] or visit our website, www.canarc.net. The TSX Exchange has neither approved nor disapproved the contents of this news release.
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