Canagold Resources Ltd Stock Price, News & Analysis

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.

Canagold Resources Ltd. (OTC-QB:CRCUF) reported significant advancements for 2021 and outlined plans for 2022 aimed at enhancing the New Polaris gold mine project in British Columbia. The company completed a 47-hole drilling program, confirming high-grade intervals and potential for resource expansion. Highlights include a private placement raising CAD $5.3 million and ongoing environmental assessments. Plans for 2022 focus on further drilling, environmental studies, and potential partnerships for other projects in Nevada. CEO Scott Eldridge emphasized continued strong results in exploration.

Canagold Resources Ltd. has successfully completed the first tranche of a non-brokered private placement, issuing 560,000 flow-through shares at CAD$0.50 each, raising CAD$280,000. The funds will finance eligible exploration expenses at the New Polaris gold project in British Columbia. Shares are subject to a four-month hold period and final acceptance by the Toronto Stock Exchange. This financing supports Canagold's strategy to enhance shareholder value through gold exploration.

Canagold Resources Ltd. announces a non-brokered private placement financing for up to 4 million flow-through shares at a price of CAD$0.50 per share, aiming to raise up to CAD$2 million. The offering will close in two tranches, with the first by December 30, 2021 and the second by January 18, 2022, pending necessary approvals. Proceeds will fund exploration expenses for the New Polaris gold project in British Columbia. The shares have a four-month hold period post-closing.

Canagold Resources (OTCQX:CRCUF), focused on gold exploration in British Columbia, is set to present live at VirtualInvestorConferences.com on December 9, 2021, from 3:30 to 4:00 pm ET. The event allows real-time investor questions and will provide an archived webcast afterwards. Recent highlights include a gold intercept ranked among Canada's Top 10, with 11.1 g/t gold over 17.8 m, and a robust PEA showing a 56% after-tax IRR. Canagold recently secured Cdn $6 million and is advancing towards feasibility.

Canagold Resources Ltd. (OTCQB:CRCUF) announced promising drill results from the C-9 and C-10 Veins at its New Polaris Gold project in British Columbia. The ongoing 24,000 m drill program has highlighted several high-grade gold intercepts, with the C-10 vein showing significant mineralized intervals of up to 17.8 m at 11.1 g/t Au. The drilling aims to enhance inferred resources to indicated resources, enhancing the project's economic potential. Assays from the drill program will be released monthly, but final results may be delayed until March due to laboratory backlogs.

Canagold Resources announced high-grade gold assays from two drill holes at its New Polaris Gold project in British Columbia. The ongoing 24,000 meter drill program aims to enhance resource estimates. Notable results include Hole 21-1844E3 revealing 11.0 gpt over 8.9 m in the C9 vein and Hole 21-1905E2 showing 8.10 gpt over 9.9 m in the same vein. The company closed a Cdn $5.3 million financing to support further drilling. The current program is anticipated to upgrade Inferred Resources to Indicated Resources for a forthcoming feasibility study, highlighting the continuous mineralization in the CWM vein system.