Canagold Resources Ltd Stock Price, News & Analysis

Canagold Resources Ltd. (OTCQB:CRCUF) reports high-grade gold assays from four drill holes at its New Polaris Gold project in British Columbia. The ongoing 24,000-meter drill program focuses on infill and step-out drilling within the C West Main (CWM) vein system. Highlights include intercepts of up to 25.7 gpt Au over 2.1 m. The results support the current resource estimates and indicate potential resource expansion in the C10 parallel vein. The company is progressing with its drill program and will provide updates on further assays expected bi-weekly.

Canagold Resources Ltd. invites shareholders to a webinar on September 22, 2021, at 9:00 am PDT / 12:00 pm EDT, led by CEO Scott Eldridge and VP Exploration Tory Gill. The session will cover recent progress at the 100% owned New Polaris project in northwestern British Columbia. Participants can register here. A recording will be available on the company's website afterward.

Canagold Resources Ltd. (OTCQB: CRCUF) has announced promising gold assay results from its ongoing drill program at the New Polaris Gold project in British Columbia. The latest assays include 14.3 gpt gold over 2.7 m and 15.3 gpt gold over 1.7 m. These results follow earlier findings that exhibited similar high-grade gold continuity. The drill program aims to upgrade inferred resources to indicated resources and explore deeper mineralization. Out of a planned 47 holes totaling 24,000 m, 12 holes have been completed.

Canagold Resources Ltd. has appointed Knox Henderson as Vice President, Corporate Development. Henderson, a seasoned capital markets advisor, brings over 20 years of experience in investor communications and capital raising, having successfully worked on major projects like Great Bear Resource's gold discovery. He has also been involved in significant financing efforts in North America. In recognition of his role, Canagold granted him 500,000 stock options. CEO Scott Eldridge expressed optimism about Henderson's impact on advancing Canagold's projects, notably the New Polaris gold deposit.

Canagold Resources Ltd. held its Annual General Meeting on June 21, 2021, where shareholders approved all business items, including the re-election of five directors. Notable voting results include Bradford Cooke receiving 99.67% approval. The board will remain at five directors, and Smythe LLP was re-appointed as auditors. Additionally, the company granted 3,600,000 stock options to enhance value creation among management and employees, set at an exercise price of CAD$0.50 for five years.

Canagold Resources Ltd. has commenced a 24,000 meter diamond drill program at its New Polaris Gold project in British Columbia. Mobilizing two diamond drills, the program will include 47 holes to upgrade Inferred Resources to Indicated Resources, essential for future feasibility studies. The 2019 Preliminary Economic Assessment (PEA) reported Indicated Resources of 586,000 ozs gold. At a gold price of US$1500 per oz, the after-tax NPV (5%) stands at US$333 million with a 1.9 year pay-back period. The project covers 850 hectares and aims for significant resource expansion.

Canagold Resources Ltd. (OTCQB:CRCUF) has announced progress on its three optioned gold properties as of April 20, 2021. The Fondaway Canyon property in Nevada is set for a 4,000-meter drill program by Getchell Gold Corp., which has already invested US$400,000 of its commitment. In Idaho, Ophir Gold Corp. will start a 3,200-meter program, with plans for CAD$2 million in exploration. Damara Gold Corp. is moving forward on the Princeton property, issuing Canagold shares as part of its agreement. Canagold is also advancing its New Polaris gold mine project and seeking partners for additional properties.

Canagold Resources Ltd. (OTCQB:CRCUF) announced significant results from Getchell Gold Corp.'s diamond drill program at the Fondaway Canyon Gold Project in Nevada. The final three holes demonstrated broad zones of gold mineralization, extending previously defined reserves. Notable findings include 1.8 g/t Au over 90.0m and 8.6 g/t Au over 9.8m. Getchell has an option to acquire a 100% interest in Fondaway Canyon through cash payments and share issuances, while Canagold retains a 2% NSR.

Canagold Resources announced that Getchell Gold Corp. has completed first-year expenditure commitments, leading to the approval of the 1st Anniversary payment for the Fondaway Canyon Gold Project in Nevada. Canagold will receive a cash payment of US$100,000 and US$200,000 in shares of Getchell before January 7, 2021. Fondaway Canyon has a historic resource and has undergone multiple exploratory campaigns. However, assay results from a recent drilling program are pending due to laboratory backlogs stemming from COVID-19 related staffing shortages.