Canagold Announces Positive Antimony Concentrate Production Results for the New Polaris Project Grading 59.1% Sb and 98.3 gpt. Au
Canagold Resources (OTCQB: CRCUF) has announced positive antimony flotation test results from its New Polaris gold-antimony project in British Columbia. The tests produced a high-quality concentrate grading 59.1% Sb and 98.3 gpt Au, with impressive recovery rates of 93.1% for antimony and 91.8% for gold in combined concentrates.
While the project's July 2025 Feasibility Study demonstrated strong economics with low Capex and AISC, it did not include potential antimony revenue. The project contains 5,630 tonnes of antimony grading 0.6% in Indicated Resources, with 5,173 tonnes included in mine plans. The company continues metallurgical testing to evaluate including antimony revenue in the project's financial model.
Canagold Resources (OTCQB: CRCUF) ha annunciato risultati positivi dei test di flottazione dell'antimonio dal suo progetto New Polaris oro-antimonio in British Columbia. I test hanno prodotto un concentrato di alta qualità con una percentuale di Sb del 59,1% e Au di 98,3 g/t, accompagnata da notevoli tassi di recupero 93,1% per l'antimonio e 91,8% per l’oro nei concentrati combinati.
Pur mostrando una solida redditività nello studio di fattibilità di luglio 2025, caratterizzato da Capex e AISC contenuti, lo studio non ha incluso potenziali redditi derivanti dall'antimonio. Il progetto contiene 5.630 tonnellate di antimonio con una graduazione dello 0,6% nelle Risorse Indicate, di cui 5.173 tonnellate sono incluse nei piani di miniera. L’azienda prosegue i test metallurgici per valutare l'inclusione dei ricavi da antimonio nel modello finanziario del progetto.
Canagold Resources (OTCQB: CRCUF) ha anunciado resultados positivos de pruebas de flotación de antimonio en su proyecto New Polaris de oro y antimonio en la Columbia Británica. Las pruebas produjeron un concentrado de alta calidad con 59,1% Sb y 98,3 g/t Au, con notables tasas de recuperación de 93,1% para el antimonio y 91,8% para el oro en los concentrados combinados.
Aunque el Estudio de Factibilidad de julio de 2025 del proyecto mostró una economía sólida con bajo Capex y AISC, no incluyó posibles ingresos por antimonio. El proyecto contiene 5.630 toneladas de antimonio con un 0,6% de grado en Recursos Indicados, y 5.173 toneladas incluidas en los planes de mina. La empresa continúa con las pruebas metalúrgicas para evaluar la inclusión de ingresos por antimonio en el modelo financiero del proyecto.
Canagold Resources (OTCQB: CRCUF)가 브리티시컬럼비아 주의 New Polaris 금-안티모니 프로젝트에서 안티모니 플로테이션 테스트의 긍정적 결과를 발표했습니다. 테스트는 Sb 59.1%, Au 98.3 g/t의 고품질 선광물을 생산했고, 전체 선광물에서의 안티모니 회수율은 93.1%, 금 회수율은 91.8%로 인상적이었습니다.
2025년 7월의 타당성 연구가 Capex 및 AISC가 낮아 강한 경제성을 보여주었으나, 안티모니 수익은 포함되지 않았습니다. 이 프로젝트는 지시된 자원에서 5,630톤의 안티모니를 0.6% 등급으로 보유하고 있으며, 광산 계획에 5,173톤이 포함되어 있습니다. 회사는 재무모형에 안티모니 수익을 반영하는 것을 검토하기 위해 금속공학 시험을 계속하고 있습니다.
Canagold Resources (OTCQB: CRCUF) a annoncé des résultats positifs des tests de flottation d’antimoine sur son projet New Polaris or-antimoine en Colombie-Britannique. Les tests ont produit un concentré de haute qualité affichant 59,1% Sb et 98,3 g/t Au, avec des taux de récupération impressionnants de 93,1% pour l’antimoine et 91,8% pour l’or dans les concentrés combinés.
Bien que l’étude de faisabilité de juillet 2025 du projet ait démontré une économie robuste avec des CAPEX et AISC faibles, elle n’incluait pas les revenus potentiels de l’antimoine. Le projet contient 5 630 tonnes d’antimoine avec une teneur de 0,6% dans les Ressources indiquées, dont 5 173 tonnes sont incluses dans les plans miniers. L’entreprise poursuit les essais métallurgiques pour évaluer l’intégration des revenus d’antimoine dans le modèle financier du projet.
Canagold Resources (OTCQB: CRCUF) hat positive Flotationsversuche für Antimon aus dem New Polaris Gold-Antimon-Projekt in British Columbia bekannt gegeben. Die Tests lieferten ein hochwertiges Konzentrat mit 59,1% Sb und 98,3 g/t Au, bei beeindruckenden Rückgewinnungsraten von 93,1% für Antimon und 91,8% für Gold in den kombinierten Konzentraten.
Während die Machbarkeitsstudie vom Juli 2025 des Projekts solide Wirtschaftlichkeit mit niedrigen Capex und AISC zeigte, wurden potenzielle Antimonerlöse nicht berücksichtigt. Das Projekt enthält 5.630 Tonnen Antimon mit einer Gradiation von 0,6% in den Indizierten Ressourcen, davon 5.173 Tonnen in die Abbaupläne aufgenommen. Das Unternehmen setzt metallurgische Tests fort, um die Einbeziehung von Antimonerlösen in das finanzielle Modell des Projekts zu bewerten.
Canagold Resources (OTCQB: CRCUF) أعلنت عن نتائج إيجابية لاختبار التعويم للانتيمون من مشروع New Polaris للذهب والانتيمون في كولومبيا البريطانية. النتائج أمنت مركّز عالي الجودة بتركيز Sb 59.1% وAu 98.3 g/t، ومعدلات استرداد مثيرة للإعجاب تبلغ 93.1% للانتيمون و91.8% للذهب في المركّزات المجمّعة.
بينما أظهر دراستا الجدوى لشهر يوليو 2025 للمشروع اقتصاديات قوية بوجود رأس مال رأسمالي منخفض وتكاليف تشغيلية إضافية منخفضة، لم يشمل الدخل المحتمل من الانتيمون. يحتوي المشروع على 5,630 طن من الانتيمون بعيار 0.6% ضمن الموارد المشار إليها، مع ما 5,173 طن مدمجة في خطط المنجم. تستمر الشركة بإجراء اختبارات معدنية لتقييم إدراج عوائد الانتيمون في النموذج المالي للمشروع.
Canagold Resources (OTCQB: CRCUF) 公司宣布在其位于不列颠哥伦比亚省的New Polaris 金-锑项目取得锑浮选测试的积极结果。测试产出高质量的精矿，含有59.1% Sb 和 98.3 g/t Au，在综合精矿中锑的回收率达到了惊人的93.1%、金的回收率为91.8%。
尽管该项目在2025年7月的可行性研究显示经济性强、资本支出和综合生产成本较低，但未包含锑的潜在收入。项目在指示资源中包含5,630吨锑，品位为0.6%，其中有5,173吨纳入矿山计划。公司将继续进行冶金测试，以评估在项目财务模型中加入锑收入的可行性。
- High-quality concentrate achieved with 59.1% Sb and 98.3 gpt Au grades
- Excellent recovery rates: 93.1% for antimony and 91.8% for gold
- Potential additional revenue stream from antimony not yet included in Feasibility Study
- Project already demonstrates strong economics with low Capex and AISC
- No current revenue from antimony included in financial model
- Further metallurgical testing and economic assessments still needed
- No assurance that antimony production will be economically viable
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Canagold Resources Ltd. (TSX: CCM) (OTCQB: CRCUF) (FSE: CANA) ("Canagold" or the "Company") is pleased to announce positive results from antimony (Sb) flotation testing for its
Antimony Flotation Locked Cycle Test Results
High quality and High recovery Sb-Au Concentrate
- Sb-Au Concentrate assaying 59.1 % Sb and 98.3 gpt Au
- 93.1 % Sb recovery in Sb-Au concentrate and overall,
91.8% Au recovery in the combined Au and Sb-Au concentrates
"The Feasibility Study ("FS") completed in July 2025 has already demonstrated exceptional economics, with low Capex and low AISC for the New Polaris Gold-Antimony Project," stated Canagold's Chief Executive Officer, Catalin Kilofliski. "Although antimony mining was included in the FS, no revenue from antimony has been accounted for at this stage. These new results highlight the project's ability to produce a very high-grade gold-antimony concentrate, which has the potential to create significant additional value on top of the already outstanding economics."
Table 1: Antimony Locked Cycle Flotation Results
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Flotation testing commenced in April 2025 at Blue Coast Research Ltd. in Parksville, B.C., utilizing a 110-kilogram composite sample derived from 47 diamond drill core samples across 17 drill holes in the high-grade antimony zone. This zone is delineated in the January 22, 2025, resource model, referenced in the Image 1 below:
Image 1. Antimony Mineralization Plan View
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Critical Metals/Antimony
- A total of 5,630 tonnes of Sb grading
0.6% is included in the Company's Indicated MRE dated April 2, 2025 - A total of 5,173 tonnes Sb is included in the FS mine plans
The Feasibility Study does not currently account for any revenue from antimony, as the process flowsheet outlined in the study was specifically designed to produce a bulk sulphide concentrate.
While antimony has been known to occur at New Polaris since the early mining activities of the 1940s and 1950s, its economic importance has increased significantly in recent years due to global supply constraints and sharply rising prices.
The Company will continue further metallurgical test work and economic assessments to evaluate the potential for including antimony revenue in the project's financial model.
Should future studies confirm its viability, the addition of antimony revenue will further enhance overall project economics, particularly since the associated mining costs are already largely supported by gold production. Nonetheless, there can be no assurances that ongoing work will ultimately support this outcome.
Qualified Persons
In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Garry Biles, P.Eng., President & COO is the Qualified Person for the Company and has prepared, validated, and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting activities on its projects. The samples have been analyzed by Blue Coast Research laboratory.
About Canagold
Canagold Resources Ltd. is an advanced development company dedicated to advancing the New Polaris Project through feasibility, permitting, and production stages. Additionally, Canagold aims to expand its asset base by acquiring advanced projects, positioning itself as a leading project developer. With a team of technical experts, the Company is poised to unlock substantial value for its shareholders.
"Catalin Kilofliski"
_____________________
Catalin Kilofliski, Chief Executive Officer
CANAGOLD RESOURCES LTD
Catalin@canagoldresources.com, 604-685-9700
LinkedIn: https://ca.linkedin.com/company/canagold-resources
Facebook: https://www.facebook.com/CCMGold/
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Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking information" and "forward-looking statements" ("collectively forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including: projections; outlook; guidance; forecasts; estimates; and other statements regarding future or estimated financial and operational performance, gold production and sales, revenues and cash flows, and capital costs (sustaining and non-sustaining) and operating costs, including projected cash operating costs and AISC; future or estimated mine life, metal price assumptions, ore grades or sources, gold recovery rates, throughput, ore processing; statements regarding anticipated future plans, development, construction, permitting and other activities or achievements of Canagold; and including, without limitation: planned gold production; the results and estimates in the FS, including the project life, average annual gold production, total gold production, processing rate, capital cost, net present value, after-tax net cash flow and payback; and the potential to develop the New Polaris Project as an underground gold mine. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made.
Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond Canagold's control, including risks associated with or related to: the volatility of metal prices and Canagold's common shares; changes in tax laws; the dangers inherent in exploration, development and mining activities; the uncertainty of reserve and resource estimates; not achieving production, cost or other estimates; actual production, development plans and costs differing materially from the estimates in Canagold's feasibility and other studies; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; the availability of financing; financing and debt activities, including potential restrictions imposed on Canagold's operations in Canada; community support for Canagold's operations.
Canagold's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to Canagold's ability to carry on current and future operations, the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the availability and cost of inputs; the price and market for gold and antimony; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits from government and First Nations; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.
Canagold's forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. Canagold does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.
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FAQ
What were the key results from CRCUF's antimony flotation tests at New Polaris?
How much antimony resource does Canagold's New Polaris project contain?
Is antimony revenue included in CRCUF's New Polaris Feasibility Study?
What is the potential impact of antimony production on New Polaris economics?
When did Canagold complete the metallurgical testing for antimony at New Polaris?
