Canarc Resource Corp. announces that its optionee Getchell Gold Corp. has commenced a 2,000 metre drill program at the Fondaway Canyon Gold Project in Nevada . Getchell signed a 4 year Option Agreement on January 7, 2020 to acquire the Fondaway and Dixie Comstock properties located in Nevada. About the Drilling The six-hole 2,000 metre Phase 1 diamond core drill program includes five holes planned for the highly [...]
Canarc Resource Corp. is pleased to announce its intention to increase the size of its previously announced non-brokered private placement by issuing up to an additional 65,000,000 units for up to an additional C$5,200,000 in gross proceeds through a second tranche which is subject to shareholder approval. As a result of the Upsize, the Company will issue a total of up to 105,000,000 units for aggregate gross proceeds of [...]
Management of Canarc Resource Corp. is pleased to announce several corporate changes intended to better reflect the Company's renewed focus on its Canadian gold exploration projects. The changes include a planned name change to Canagold Resources Ltd., a 5:1 share consolidation to better attract institutional investors, a CAD$3.2 million private placement financing to strengthen working capital, a renewed focus on [...]
Canarc Resource Corp. , announces that a Phase-2 core drilling program of 1,500 meters in six holes will commence on or about July 20th at its 100%-owned Windfall Hills gold property located in north-central British Columbia. Highlights from the Phase 1, 3-hole drill program conducted in 2014 included a drill intercept of 1.38 grams per tonne gold equivalent over 28.0 meters . Exploration work since 2014 focused on [...]
Canarc Resource Corp. announces that the Company has signed a non-binding letter of intent dated July 6, 2020 with Minkap Resources Inc. whereby MinKap can acquire a 100% undivided interest in the Lightning Tree property located in Lemhi County, Idaho, USA under a definitive option agreement from Canarc. Lightning Tree is one of 11 mineral properties in the American Innovative Minerals USA gold package acquired by Canarc [...]
Canarc Resource Corp. announces the voting results from its Annual General Meeting held on June 29, 2020 in Vancouver, British Columbia. Shareholders voted in favour of all items of business including the re-election of five existing directors. Voting results for directors were as follows: Directors Votes For Votes Withheld Bradford Cooke 46,904,678 137,700 Scott Eldridge 46,914,878 127,500 Martin Burian 46,914,878 [...]
Canarc Resource Corp. announces the appointment of Mr. Troy Gill, MAIG., to the position of Vice President, Exploration, effective immediately. Mr. Gill is a geologist with extensive exploration experience and a successful track record of discoveries, including 15 years with Rio Tinto where he twice received the Rio Tinto Discovery Award. Scott Eldridge, Canarc's CEO stated: "It is a pleasure to welcome Mr. Gill to our [...]
Canarc Resource Corp. announces that an update of the gold price and exchange rate within the range of sensitivities in the 2019 preliminary economic assessment of the high-grade New Polaris gold mine project in northwestern British Columbia significantly improves the anticipated economics of the project. The 2019 PEA used a base case gold price of US$1300 per oz and a $CDN: $US exchange rate of 0.77 to generate an [...]
Canarc Resource Corp. provides shareholders this update of its 2020 1st quarter activities and 2nd quarter plans for advancing its gold exploration projects in the USA and Canada. First Quarter 2020 Highlights: Fondaway Canyon: Optioned the Fondaway Canyon and Dixie Comstock properties in Nevada to Getchell Gold for US$4.0 million in staged cash and stock payments, US$1.45 million in exploration expenditures over a 4 year [...]
Canarc Resource Corp. highlights the results of its 2019 activities and outlines its 2020 plans to create shareholder value by advancing its gold exploration projects in the USA and Canada. 2019 Highlights: New Polaris, British Columbia: Completed an updated Preliminary Economic Assessment using the BIOX treatment process with very positive economic results. The study showed that for a 750 tpd operation producing 80,000 [...]
Getchell Gold Corp. announces that it has executed the Definitive Agreement with Canarc Resources Corp. , whereby Getchell will have the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties located in Churchill County Nevada. The Agreement replaces the binding letter agreement which Getchell previously disclosed in its news release dated November 17, 2019. The Company is in the process of delivering [...]
Canarc Resource Corp. is pleased to announce that it has entered into a definitive option agreement with Getchell Gold Corp. and Canarc's wholly owned subsidiary American Innovate Minerals, LLC pursuant to which Canarc and AIM have granted Getchell an option to acquire a 100% interest in the Fondaway Canyon and Dixie Comstock properties located in Churchill County, Nevada . The Option Agreement replaces the binding letter [...]
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