Vancouver, Canada – September 13, 2016 – Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has commenced a 3D-IP geophysical survey at its Windfall Hills property located 65 kilometres (km) south of Burns Lake in central BC.
The survey is intended to detect IP chargeability highs related to gold bearing, bulk tonnage, stock-work and disseminated sulfide mineralization and resistivity lows related to quartz-feldspar-clay alteration in the area of Canarc's recent drill discovery. The target at Windfall Hills is geologically similar to New Gold's 10.3 million oz gold equivalent (AuEq) Blackwater-Davidson gold deposit located 90 kilometers to the southeast of Windfall Hills.
Canarc drilled 3 hole, 1150 meter program at Windfall Hills in 2014 and all three holes intersected gold mineralization in favorable rocks similar to Blackwater-Davidson, including hole WH-14-03 which intersected 28 meters grading 0.89 gpt gold and 39 gpt silver or 1.54 gpt AuEq, wide open for expansion. Mineralization occurs as quartz-pyrite stock-works accompanied by potassic-argillic alteration in rhyolite-dacite pyroclastic volcanic rocks.
An 18 line km Volterra 3D-IP survey is being conducted by SJ Geophysics of Delta, BC and will take approximately two weeks to complete, and data interpretation should be completed by the end of October. Targets will then be prioritized for the next phase of drilling in 2017.
Garry Biles, P. Eng, President & COO for Canarc Resource Corp, is the Qualified Person who reviewed and approved the contents of this news release.
Catalin Chiloflischi, CEO
CANARC RESOURCE CORP.
About Canarc Resource Corp. - Canarc is a growth-oriented, gold exploration and mining Company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently focused on acquiring operating or pre-production stage gold-silver-copper mines or properties in the Americas and further advancing its gold properties in north and central BC.
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