According to a recent LinkedIn post from Canadian Gold Resources Ltd, the company has reported high-grade gold from the first hole of its maiden drill program at the Lac Arsenault Project in Québec’s Gaspé Peninsula. The post cites an intersection of 19.5 g/t gold over 1.0 metre within the Baker Vein at approximately 30 metres depth, emphasizing the shallow setting of this mineralization.
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The LinkedIn post indicates that the ongoing drill program is focused beneath a planned bulk sample area and is intended to confirm historic results and demonstrate vertical continuity of mineralization. It also notes that drilling aims to test down-dip extensions of known high-grade zones, and suggests that additional assay results will be reported as they are received, which could further clarify the project’s resource potential and influence investor sentiment around this TSXV-listed junior explorer.