Canagold Resources Ltd Stock Price, News & Analysis

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.

Canagold Resources Ltd. has successfully closed an oversubscribed brokered private placement, raising CAD$5.3 million. The offering involved issuing 10.6 million flow-through shares at CAD$0.50 each, exceeding the initial target of CAD$5 million. The funds will support exploration expenses for the New Polaris gold project in British Columbia. A cash commission of CAD$253,555 was paid to the agent, Red Cloud Securities, which also received 638,510 broker warrants exercisable at CAD$0.75 within 24 months. Securities issued are subject to a hold period ending March 1, 2022.

Canagold Resources Ltd. (OTCQB:CRCUF) has announced a private placement agreement with Red Cloud Securities Inc. to raise up to C$5 million through the sale of flow-through shares (FT Shares) at C$0.50 each and charity flow-through units (Charity FT Units) at C$0.62. Proceeds will fund exploration at the New Polaris Gold Mine in British Columbia. The offering is set to close around October 14, 2021, pending necessary approvals. Additionally, the agent may sell an extra C$1 million in securities. The FT Shares will be subject to a hold period of four months post-closing.

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.