Canarc Resource Corp. (CCM: TSX and CRCUF: OTC-BB) announced today additional drill intercepts of porphyry gold mineralization from the JQA prospect area of the Benzdorp property in Suriname. Drill holes BZ03-13, 15 and 16 each returned significant gold grades over their entire lengths and holes BZ03-14 and 17 both intersected the margins of the mineralized zone. Assays are as follows:
Hole (No)
From (m)
To (m)
Length (m)
Gold (gpt)
BZ03-13
Including0.00
36.58 100.58
83.82
100.58
47.24
0.822
1.130
BZ03-14
88.70
91.44
2.74
0.485
BZ03-15
Including: 0.00
39.62
81.49
54.86
81.49
15.24
0.481
0.725
BZ03-16
Including:
And:0.00
42.67
70.10
88.39
56.39
88.39
88.39
13.72
18.29
0.510
0.818
0.739
BZ03-17
Including0.00
10.67
10.67
0.586
Core recoveries in the saprolite continue to average approximately 76% in holes BZ03-13 to 17 and bedrock was only reached in hole BZ03-14. Core losses in the mineralized zone imply gold losses as well, so the assays reported herein may understate the actual gold grades in saprolite. Holes BZ03-9, 10, 11 and 12 were drilled to the south of JQA diorite intrusion and porphyry mineralization in the JQS prospect area. These drill holes intersected narrow widths of low grade, vein-type mineralization hosted by andesite volcanic rocks.
/s/ “Bradford J. Cooke” Bradford J. Cooke For more information, please contact Gregg Wilson at tel: (604) 685-9700, fax: (604) 685-9744, email info@canarc.net or visit our website, www.canarc.net. The TSX Exchange has neither approved nor disapproved the contents of this news release.On Behalf of the Board of Directors
CANARC RESOURCE CORP.
President and C.E.O.