Drill crews at the Ianna property in Guyana have struck gold mineralization in two separate areas.
Canarc Resource (TSE) is earning up to a 65% interest from Roraima Gold (VSE) by carrying out drilling, the first phase of which is focused on four bulk-tonnage gold targets.
A fence of five holes across the Sweetheart target intersected 25 metres grading 1.38 grams per tonne in hole 1; 7 metres grading 1.8 grams in hole 2; 5 metres grading 1.43 grams in hole 3; 4.7 metres grading 1.44 grams in hole 4; and 11 metres grading 0.91 gram in hole 5.
The drilling tested 350 metres of the Sweetheart’s estimated 1.1-km strike length. Mineralization consists of shear- hosted, quartz-pyrite veinlets crosscutting altered volcanics, as well as porphyry-style quartz veins within kaolinitized intrusive rocks.
The second target consists of a swarm of quartz veins
crosscutting sheared and altered volcanic rocks. Hole 6 returned 21 metres grading 1.75 grams gold while hole 7 intersected 27 metres grading 0.88 gram and 10 metres grading 1.05 grams.
Drilling is continuing on the third bulk-tonnage target.
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