Polaris-Taku drill program is under way

Two drill rigs are operating on the Polaris-Taku property in northern British Columbia.

Owner Canarc Resource (TSE) plans to drill 20,000 ft. in an initial 15-20-hole program aimed at testing two separate targets.

One rig is conducting drilling on the C vein, where previous drilling traced the downdip to a depth of about 900 ft. Canarc plans to test the zone to a depth of 1,800 ft.

Drilling to date on the C, AB and Y veins has outlined a probable and possible resource of 2.6 million tons grading 0.43 oz. gold per ton. This resource is hosted in quartz-carbonate veining within shear structures. Gold is associated with disseminated, acicular arsenopyrite and anhedral pyrite, and, as a result, float concentrates will require pressure oxidation or roasting prior to leaching.

Last year, four holes intersected the zone at the 900-ft. level, returning an average of 0.7 oz. gold over 12 ft. This led Canarc to believe that grades may increase with depth.

The second drill rig will conduct further drilling on the North zone, where shallow drilling last year traced the new zone over a strike length of 1,200 ft., returning grades of 0.1 to 0.2 oz. gold over widths of up to 55 ft.

This year’s drilling will test the quartz-carbonate veining in the North zone further along strike and downdip.

Meanwhile, Canarc has retained Vancouver-based Fluor Daniel Wright to carry out engineering, metallurgical, environmental and financial studies on the Polaris-Taku project.

Rembrandt Gold Mines (ASE) holds a 15% net profits interest in the property.