Bulldozer Trenching Confirms Large Gold Zones on Benzdorp Property
Vancouver, British Columbia, Canada,
September 17, 1997
Vancouver, British Columbia, Canada, September 17, 1997.....Canarc Resource Corp. is pleased to announce that bulldozer trenching has confirmed widespread gold mineralization in the JQA and JQS zones on the Benzdorp property in southeastern Suriname.
At the JQA zone, previous soil sampling and deep augering (more than 150
holes) outlined a mineralized zone grading 0.9 gpt gold over an area 750 m
long by 250 m wide, open in all directions. Bulldozer trench JQA-1
(trending east-west) previously returned 0.8 gpt over a 76 m width along
the western edge of the JQA zone.
This trench has now been extended a further 66 m east, averaging 1.03 gpt
gold, so that the entire trench grades 0.91 gpt over a 142 m width. Deep
auger holes have traced the gold mineralization a further 100 m east,
confirming the known width of 250 m, still open to the east and west.
Trench JQA-2 (trending north-south) previously returned 1.2 gpt over its
entire 62 m length, confirming the continuity of mineralization along
strike. Deep augering has traced the gold zone for a total of 750 m and
anomalous soil samples are continuous over a 1.5 km strike length.
Geological mapping confirms that the JQA zone consists of intense quartz
veins and stockworks in a diorite intrusion, indicating a "gold porphyry"
style of mineralization. The diorite intrusion is at least 1 km wide by 1
km long and appears to be mineralized throughout.
Additional trenching in the JQS zone at the south end of the gold anomaly,
has also confirmed strong gold mineralization in saprolite. Trench JQS-1
(trending east-west) recently returned 2.67 gpt over a 20 m width along the
eastern edge of the JQS zone.
Deep auger holes for up to 150 m west (uphill) of this trench have also
returned similar gold values, confirming that the JQS zone is also very
wide and open in all directions. It could very well be a southern
extension of the JQA gold zone.
The JQS prospect to the south is underlain by volcanic agglomerates which
have been intruded by diorite dikes and stocks. Geological mapping once
again confirmed "porphyry-type" gold mineralization contained in quartz
Another 700 m west of the JQA zone, across Pointu Creek, deep auger results
in the JQW zone have identified gold mineralization and grades in diorite
similar to the JQA zone. Whether the JQW mineralization is a separate body
or simply a western extension of the JQA zone can only be tested by diamond
drilling, as the intervening ground is covered by creek gravels.
Our exploration target for the JQA prospect is a gold porphyry deposit
grading 1.0 gpt over an area at least 750 m long by 250 m wide. Such a
deposit would contain 1 million oz. gold for every 100 m of depth in
saprolite or 60 m of depth in hardrock. If the JQS and JQW zones are added
to the model, the target could in fact double or more in size. Drilling of
the main zones at JQA and JQS and more trenching on JQW and JQS are now
being planned for the near future.
Canarc has entered into discussions with several senior companies to
explore the potential for a joint venture to further develop the Benzdorp
project. Canarc holds an option to earn a 100% working interest in
Benzdorp, subject to various royalties, from Grassalco, the government
mining company of Suriname.
Canarc Resource Corp. is a growth-oriented, international gold exploration and mining company with active projects worldwide. Major shareholders include Barrick Gold Corp. and Echo Bay Mines Ltd. The Company's common shares trade under the symbol "CCM" on the Toronto Stock Exchange as well as on the following exchanges: Vancouver: Vista-CCM, Frankfurt: Third Market Segment-CAN, Berlin: Over the Counter-CAN, NASD: Electronic Bulletin Board-CRCUF.
For further information, contact:
Manager of Investor Relations
Tel: (604) 685-9700