Vancouver, British Columbia – April 25, 2022: C2C Gold Corp. (CSE:CTOC; OTCQB:CTCGF) (the “Company” or “C2C”) announced today the identification of several major gold-in-soil anomalies at its Badger property in the Central Newfoundland Gold Belt. All of the anomalies are open-ended with the most significant measuring 6 km in length along a northeast trend. This key anomaly (see map – Anomaly A) is validated by its occurrence over a known prospect, the Tom Joe, where gold occurs in northeast trending quartz veinlets in sparse outcrop. Another significant parallel anomaly (see map – Anomaly B) lies approximately 12 km to the east extending approximately 3km in length along a parallel northeast trend. Both of these lengthy, elongate trends are very good drill targets. The two highest gold values of the current program, 1,340 ppb and 765 ppb gold, are each located along isolated single lines of soil sampling that overlie geophysical targets of interest. The highest sample is located in between the A and B anomalies with the 765 ppb gold value located approximately 17km to the northeast of the A anomaly. Both of these very high soil values will be followed up with additional soil sampling lines on both sides of the isolated values to determine their lateral extent.
All 2021 soil sample results from the central Newfoundland projects have now been received and evaluated. A large number of targets were generated that require additional exploration with infill soil samples and reverse circulation (RC) drilling. A RC drill rig has been secured and mobilized by the Company for the upcoming exploration season. In addition to the announced results from the Badger project, the Company has identified new quartz vein occurrences similar to the visible gold discovery at the Millertown project’s Atlas Zone (see news release January, 13 2022) and several targets on the Barrens Lake project.
To view maps of the Badger property, regional soil sample results and proposed drill targets please visit: https://bit.ly/3KuTWut
Janet Sheriff, Interim Chief Executive Officer of C2C Gold, states “The identification of these two lengthy soil sample based drill targets are indicative of the overall potential of the Badger project. With less than 10% of the property sampled we are very optimistic that further quality drill targets will be identified with additional soil sampling. C2C’s 2021 highly successful exploration program was focused on drill target generation through comprehensive surface reconnaissance, review of existing geophysical data and over 12,000 soil samples taken from the more than 1,200 km2 total land package. The program has identified a number of promising drill targets and significant areas for follow-up detailed soil sampling. The highlight of this work was the discovery of the Atlas visible gold zone, adjacent to Great Atlantic’s Jaclyn zone, on the Company’s Millertown property. We are looking forward to a very promising and productive 2022 field season.”
Badger Property (including Tom Joe)
At the Badger property, ~3,800 soil samples were collected along 25 structural segments identified from airborne geophysics. Arsenic and antimony are coincident with gold-in-soil anomalies where concentrations of these pathfinder elements are elevated. The broad line-spacing on the Badger property was designed to test as much strike length as possible along prospective structures. Infill and additional soil sampling lines along trend are planned at each of the new soil anomalies that remain open to expansion.
Altius Resources Inc. conducted surface work programs at the Tom Joe Zone during the late 1990’s and reported gold in mineralized rock samples containing pyrite, arsenopyrite and sphalerite from the Tom Joe occurrence. There has been limited work on the property; the most recent publicly documented work was a till sampling program completed in 2017 by Stratton Minerals where several anomalous gold-in-till samples were collected in the area.
Analytical Methods and Laboratory
Soil samples were collected by GroundTruth Exploration. QA/QC procedures include inserting field duplicates every 50 samples and taking photos of the sample site. Soil samples are prepared for analysis by Eastern Analytical Ltd., based in Springdale, Newfoundland. The pulp sample is shipped to Bureau Veritas, Vancouver, British Columbia for final analysis using analytical package AQ201. All samples are subject to aqua regia digestion and ICP-ES/MS for 35 elements.
C2C Gold Corp. gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources financial support of C2C’s 2021 exploration program on the Badger, Millertown, and Barrens Lake properties through the Junior Exploration Assistance Program.
Technical information disclosed in this news release has been reviewed and approved by Chris Buchanan, P.Geo., Chief Geologist for C2C Gold Corp., and Qualified Person as defined by National Instrument 43-101.
About C2C Gold Corp.
C2C is a Canadian mineral exploration company focused on acquiring and developing mineral projects in Newfoundland, Canada. The Company controls 1,261 km2, one of the largest land positions on the Central Newfoundland Gold Belt, including the Badger, Millertown, Barrens Lake, South Tally, and Lake Douglas projects with road access and proximity to communities and power lines. C2C also holds a portfolio of projects within the prolific White Gold and Klondike districts in Canada’s Yukon.
For additional information:
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties and can be identified by the use of forward-looking terminology such as “expected”, “will be”, “anticipated”, “may” or variations of such words and phrases or statements that certain actions, events or results “will” occur. All statements within, other than statements of historical fact, are to be considered forward looking. Forward looking statements in this news release include but are not limited to: the structure of the Option; the exercise of the Option; and the completion of the Joint Venture. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.