High-Grade Intercepts in New Drilling
Canagold Resources Ltd. has reported high-grade gold and antimony assays from three additional holes at its 100%-owned New Polaris Gold Project in northwestern British Columbia, about 100 kilometres south of Atlin and 60 kilometres northeast of Juneau, Alaska. The results come from the recently completed 14-hole, 7,277-metre resource infill and expansion drilling program targeting the project’s high-grade gold-antimony zone.
The headline hole, NP26-08, returned 52.8 grams per tonne (g/t) gold and 0.83% antimony over 4.64 metres from 503 metres down hole, including 69.8 g/t gold and 0.13% antimony over 2.64 metres, and 30.4 g/t gold and 1.75% antimony over 2.00 metres. Hole NP26-07 returned 24.6 g/t gold over 7.33 metres from 458.5 metres, including 70.4 g/t gold over 1.18 metres, plus 8.04 g/t gold over 10.00 metres from 294 metres. Hole NP26-09 returned 6.50 g/t gold over 6.92 metres from 231 metres.
Outside the Current Resource Model
Canagold Chief Executive Officer Catalin Kilofliski called the results exceptional, noting that most of the high-grade intervals are not included in the current mineral resource model or mine plan. That, he said, highlights significant potential for resource expansion and suggests the scale and extent of the high-grade gold and antimony mineralization may be substantially greater than previously understood.
The company said the program was designed both to further define and expand the antimony mineralization identified at New Polaris and to evaluate its potential contribution to the project’s gold resources. Intercepts are reported as core lengths, as insufficient drilling and modelling has taken place to determine the true dip and strike orientation of the veins.
What Comes Next at New Polaris
With drilling now complete, the 14 holes have intersected multiple zones of mineralization in the target area. Canagold describes itself as an advanced development company working to advance New Polaris through feasibility, permitting and production. The project’s mineral resource is contained in an updated National Instrument 43-101 report prepared by Moose Mountain Technical Services and filed on SEDAR+ on June 30, 2023. For investors, the key question is how much of this newly drilled high-grade gold-antimony mineralization can be brought into an updated resource. The latest assays, reported October 22, 2026, point to expansion potential beyond the existing model — a result worth watching as the program’s results are incorporated into future resource work.
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