Market Herald logo

Subscribe

Be the first with the news that moves the market
  • C2C Gold (CTOC) now has surface exploration approval from the Department of Natural Resources, Newfoundland and Labrador
  • The exploration approvals are for the company’s Badger, Millertown and Barrens Lake properties
  • Permits cover surface fieldwork including geochemical surveys, ground geophysics, LIDAR and UAV surveys, airborne geophysics and prospecting
  • The company intends to focus initial exploration efforts on advancing high-priority gold targets to the drilling stage
  • C2C Gold Corp is up 4.35 per cent, with shares trading at C$0.24 per cent at 1:23 pm ET

C2C Gold (CTOC) now has surface exploration approval from the Department of Natural Resources, Newfoundland and Labrador.

The exploration approvals are for the company’s Badger, Millertown and Barrens Lake properties.

Permits cover and apply to surface fieldwork including geochemical surveys, ground geophysics, LIDAR and UAV surveys, airborne geophysics, camp establishment and prospecting.

The company intends to focus initial exploration efforts on advancing high-priority gold targets to the drilling stage.

C2C Gold’s project areas cover more than 1,150 square kilometres along and between the Red Indian Line and the Valentine Lake shear zone in the Central Gold Belt of Newfoundland. The company’s prospective holdings extend for more than 100 kilometres along the Central Gold Belt a northeast trending structural zone extending across Newfoundland.

The regionally extensive fault zones are deep crustal sutures which localize deformation and fluid flow and host orogenic-style gold bearing quartz veins and stockwork zones.

Companies working on active gold projects within this belt and the broader Exploits Subzone have noted the similarity in geological setting and character with both the Abitibi greenstone belts in Ontario and Quebec.

C2C Gold Corp is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland. The company holds the Badger, Millertown, and Barrens Lake projects with road access and proximity to communities and power lines.

All projects lie within the Central Newfoundland Gold Belt and provide a large land position in a top mineral exploration jurisdiction.

C2C Gold Corp is up 4.35 per cent, with shares trading at C$0.24 per cent at 1:23 pm ET.

More From The Market Herald
Superior Gold - Director, Michael Pesner.

" Superior Gold (TSXV:SGI) nominates new director

Superior Gold (SGI) has filed a management information circular for its annual general meeting.

" Sulliden Mining Capital (TSX:SMC) acquires securities of Xander Resources

Sulliden Mining Capital (SMC) acquired 7,142,857 units of Xander Resources in a private placement.

" Eastern Platinum (TSX:ELR) updates technical report on Crocodile River Mine

Eastern Platinum Limited (ELR) has filed a Technical Report on the Crocodile River Mine (CRM), North West Province in South Africa.