Canagold Resources Ltd Stock Price, News & Analysis

Canagold Resources Ltd. (TSX:CCM, OTCQB:CRCUF) refutes claims from dissident minority shareholder SunValley Company DMCC, accusing them of making false statements in a bid for control over the company and its New Polaris gold mine project. Canagold asserts that it received one financing offer from SunValley, which was not rejected. The company emphasizes its board's commitment to acting in the best interests of all shareholders. Shareholders are urged to vote for Canagold's management nominees using the YELLOW proxy to prevent the dissident's takeover attempt.

Canagold Resources Ltd. (OTCQB: CRCUF) faces a challenge from a minority dissident shareholder seeking control of its Board. This shareholder has nominated three directors to replace the current Board members. Canagold urges shareholders to support its nominees at the upcoming vote on July 19, 2022, emphasizing that the dissident's nominees lack sufficient experience and align with self-interests. The company is advancing its high-grade New Polaris gold project, aiming for completion of a feasibility study and updating resource estimates, which could create significant value for shareholders.

Canagold Resources Ltd. (OTCQB:CRCUF) announced positive sample assay results from new drill holes at its New Polaris Gold project in British Columbia. Notable intercepts include 7.54 grams per tonne (gpt) Au over 18.6 meters in a newly discovered vein. The results indicate strong potential for resource expansion, demonstrating significant gold grades at depths beyond the current resource estimates. The ongoing drill program aims to upgrade Inferred Resources to Indicated Resources, contributing to future feasibility studies. The infill drilling campaign totaled 30,000 meters, with results for 50 holes received so far.

Canagold Resources has announced high-grade gold assays from six additional drill holes at its New Polaris Gold project in British Columbia. Key results include 42.5 gpt gold over 2.0 metres in Hole 22-1665E1 and other significant intercepts across various holes. CEO Scott Eldridge highlighted the continuity of mineralization and opportunities for resource expansion. The ongoing infill drilling aims to upgrade inferred resources to indicated status, with a total of 47 planned holes completed by the end of 2021. The firm anticipates more assay results in the coming weeks.

Canagold Resources announces high-grade gold assay results from its New Polaris Gold project in British Columbia.

Drilling has expanded the C-10 vein by 500%, achieving impressive grades including 44.10 gpt Au over 12.5 m. The company is focused on upgrading Inferred Resources to Indicated Resources as part of a feasibility study.

Drilling operations have concluded for the season with pending assay results expected. Additionally, the company reports the resignation of Andrew Bowering from the Board of Directors.

Canagold Resources Ltd. announces significant drilling results at its 100% owned New Polaris project in British Columbia. Recent drilling intersected both a deep extension of the C-West Main Vein and a new high-grade C-vein. Notable gold assay results include 17.6 gpt over 1.5 m and 13.9 gpt over 4.2 m. The findings confirm the potential for resource expansion beyond the current defined depths, encouraging further exploration. The ongoing drilling aims to upgrade Inferred Resources to Indicated Resources for a future feasibility study.

Canagold Resources Ltd. (OTCQB:CRCUF) has announced high-grade gold assays from six drill holes at its New Polaris Gold project in British Columbia. Key findings include:

• 19.5 gpt Au over 3.7 m in Hole 21-1615E1A
• 21.1 gpt Au over 2.2 m in Hole 21-1700E2A, including 38.6 gpt Au over 0.7 m
• All 47 holes of the 24,000 m drill program were completed in 2021, with 28 assay results received

Drilling aims to upgrade inferred resources to indicated resources for a future feasibility study.

Canagold Resources Ltd. (OTCQB: CRCUF) reports high-grade gold assays from five drill holes at the New Polaris Gold project in BC. Notable intervals include:

• 20.7 gpt Au over 3.8 m in Hole 21-1700E1A, with visible gold (VG).
• 27.1 gpt Au over 2.9 m in Hole 21-1725E1, containing VG.
• 13.5 gpt Au over 8.0 m in Hole 21-1750E1.

The company is optimistic about resource expansion, leading to an update later this year. A live investor webinar is scheduled to discuss results.

Canagold Resources Ltd. has successfully closed the second and final tranche of its oversubscribed CAD$2.3 million private placement, raising CAD$2.03 million by issuing 4.05 million flow-through common shares at CAD$0.50 each. The funds will support Canadian exploration expenses related to the New Polaris gold project in British Columbia, with proceeds renounced to shareholders by December 31, 2022. The share issuance is subject to a four-month hold period, ending May 20, 2022, pending final exchange acceptance.