CanaGold Resources Ltd. is pleased to announce the results from the last three holes by Getchell Gold Corp. from their six-hole 1,995 metre diamond drill program at the Fondaway Canyon Gold Project in Nevada. Getchell has an option to acquire 100% interest in Fondaway Canyon from Canagold by paying US$4 million in cash payments and share issuances and incurring annual exploration expenditures on the property . Upon [...]
CanaGold Resources Ltd. is pleased to announce the results of the first three drill holes by Getchell Gold Corp. from their maiden six-hole 1,995 metre drill program at the Fondaway Canyon Gold Project in Nevada. Getchell can acquire a 100% interest in Fondaway Canyon from Canagold by paying US$4 million in cash payments and share issuances and incurring annual exploration expenditures on the property . Upon exercise of [...]
Canagold Resources Ltd. highlights the results of its 2020 activities and outlines its 2021 plans to advance the high grade New Polaris gold mine project in BC and other gold exploration projects in the USA and Canada. 2020 Highlights: Corporate Completed a name change to CanaGold Resources Ltd. and a 5:1 share consolidation. Strengthened the Board of Directors with the addition of Andrew Bowering. Strengthened the [...]
Canagold Resources Ltd. is pleased to announce that Getchell Gold Corp. has informed the Company that first year expenditure commitments have been met and the Getchell Board of Directors have approved the 1st Anniversary payment under the definitive option agreement to acquire 100% of the Fondaway Canyon Gold Project in Nevada. Under the terms of the Option Agreement Canagold will receive a cash payment of US$100,000 and [...]
Canarc Resource Corp. has received approval of the Toronto Stock Exchange for the name change and consolidation of the issued and outstanding common shares of the Company on the basis of one post-consolidation common share for every five pre-consolidation common shares. The Company's name has been changed to Canagold Resources Ltd. The Company's common shares will begin trading under the new name on the TSX on a [...]
Canarc Resource Corp. has received a multi-year exploration permit from the BC Ministry of Energy, Mines and Petroleum Resources to conduct exploration work at its 100% owned New Polaris Gold Mine project in northern British Columbia. Initial site preparation work has been completed to facilitate the environmental baseline study and infill drilling required to advance to a feasibility study. Scott Eldridge, Canarc's CEO [...]
Canarc Resource announces that Ophir Gold, has released results of their recently completed surface exploration program at the Lightning Tree property, located in Lemhi County, approximately 40 km southwest of Salmon. Ophir holds an option to purchase Lightening Tree from Canarc by paying cash, issuing shares and granting an NSR royalty to Canarc over three years. The 2020 field work is the first exploration of the [...]
Canarc Resource Corp. announces that its recent reverse circulation drill program on the Hard Cash property in southwestern Nunavut, Canada intersected narrow, low grade intervals of gold mineralization and failed to confirm the potential for a significant, shear zone-hosted, orogenic gold discovery. As a result, Canarc has terminated its option agreement with Silver Range Resources Ltd. Phase 1 Drill Program In August [...]
Canarc Resource Corp. announces that it has closed the second and final CAD$5.2 million tranche of its CAD$8.4 million private placement, previously announced by Canarc in press releases dated August 19, 2020, September 3, 2020 and October 21, 2020. The second tranche of the private placement consisted of the issuance of 65 million units priced at CAD$0.08 per unit for total proceeds of CAD$5.2 million. The second tranche [...]
Canarc Resource Corp. is pleased to announce the voting results from its Special General Meeting held on October 19, 2020 which resulted in shareholder approval of the upsized financing from CAD$3.2 million to CAD$8.4 million. The first tranche closed on October 8, 2020 and Canarc anticipates closing the second tranche shortly. Special General Meeting On September 3, 2020, Canarc announced an increase in the size of its [...]
Canarc Resource Corp. announces that it has closed the first tranche of its private placement, previously announced by Canarc in press releases dated August 19, 2020 and September 3, 2020. The first tranche of the private placement consisted of the issuance of 40 million units priced at CAD$0.08 per unit for total proceeds of CAD$3.2 million. Each unit consists of one common share in the capital of Canarc and one-half of [...]
Canarc Resource is pleased to announce that further to its press release dated July 6, 2020, MinKap Resources has received approval of the TSX Venture Exchange to acquire the Company's Lightning Tree property located in Lemhi County. Canarc signed a definitive mineral property purchase agreement dated September 10, 2020 between the Company, MinKap Resources and DG Resource Management pursuant to which Minkap will acquire [...]
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