Canarc Resource Corp. announced to report results from the final four holes of its seven-hole drilling program completed in late 2017 at its Fondaway Canyon Project in Nevada. Assays for the first three holes were released on December 5, 2017. All holes in the drill program intersected gold mineralization. The Phase 1, seven-hole, 2,534 m drill program tested five widely-spaced target areas along 2.3 km of the 3.8 km-long gold system. The broad zones of mineralization intersected in the drilling program extend mineralized zones to depth and along strike and, together with previous exploration results, define bulk tonnage mineralization that may be amenable to open pit mining. Previous efforts in the district focused on the underground mining potential of the district by exploring narrow high-grade zones. FC17-4 (450.3 m, N0oE/-55o) tested the northeast-striking Half Moon (Stibnite area) quartz-vein stock-work and shear zone system and extends mineralization about 70 m down-dip from previous drilling. The 24.4 m zone grading 1.80 gpt with high-grade (>3 gpt Au) intervals is about 80 m down-dip of 4.18 gpt over 19.2 m intersected in hole 02FC-5. Deeper high-grade zones in FC17-4, such as the 5.91 gpt Au over 3.7 m, are 60 m down dip of 49.2 m grading 1.71 gpt that includes 12.31 g/t over 1.8 m and 5.40 g/t over 8.8 m in hole 02FC-1. Mineralization occurs in quartz-vein stockworks in sulfidic siltstone accompanied by arsenopyrite and local stibnite. In the area of FC17-4, mineralization occurs within a moderately southeast-dipping wedge that is about 180 m thick and has been traced down dip for about 300 m. FC17-5 (359.4 m, S3oW/-60o) tested the South Pit area. High-grade mineralization was intersected in two zones. The upper zone, with 2.71 gpt over 3.7 and 2.28 gpt over 3.5 m lies about 200 m below the small South Pit. It likely represents the down-dip extension of steep mineralization exposed in the pit. However, the stronger, lower zone in the hole may represent the southwestward extension of the northeast-striking Half Moon mineralized corridor intersected in FC17-4 about 400 m to the northeast. This is a significant finding and greatly expands the potential of this northeast mineralized corridor, as it has been poorly tested southwest of FC17-4. Intersections in this lower zone are essentially open below the end of the hole at 359.4 m and include 4.19 gpt Au over 4.0 m with 13.40 gpt over 0.9 m, 3.37 gpt over 4.0 m, and 3.48 gpt over 12.8 m with 13.50 gpt over 0.6 m. FC17-6 (370.6 m, N11oE/-50o) tested the eastern part of the South Mouth area, where shallow open-pit mining was completed by Tenneco Minerals in 1989. Gold at South Mouth occurs within east-striking, steep shear-type veins and in broader disseminated zones along a swarm of mafic dikes. Low-grade mineralization was intersected in the upper parts of the hole and in the bottom 6.1 m (1.29 gpt Au), with mineralization open at depth. Although no high grade gold (>3 gpt) was intersected in the hole, the lowest zone, about 250 m below surface, may mark the western extension of the east-west trending Mid Realm structural zone, which contains surface rock-chip samples to 4.6 gpt Au and has been poorly drill tested. FC17-7 (187.5 m, N14oE/-50o) tested the western part of the South Mouth area adjacent to the range-front fault. The hole was designed to cross below a west-northwest striking mineralized vein-stockwork zone mined shallowly by Tenneco. The mineralized zone is at least 35 m wide and includes post-mining rock-chip samples reaching 4.32 g/t Au over 2 m. FC17-7 was unfortunately abandoned prior to its target depth of 365 m due to drilling difficulties caused by broken ground within a fault zone. The hole reached the south edge of the mineralized zone about 100 m below surface. An interval of stockwork quartz veins at the bottom of the hole assayed 2.06 gpt Au over 5.2 m containing 5.99 gpt over 1.2 m. The veining is adjacent to altered mafic dikes and marks the south margin of the mineralized zone. Although successful in extending high-grade mineralization 100 m below surface, FC17-7 did not completely test the target.