Welcome to our dedicated page for Canagold Resources news (Ticker: CRCUF), a resource for investors and traders seeking the latest updates and insights on Canagold Resources stock.
Canagold Resources Ltd. (CRCUF) generates frequent news flow around the advancement of its New Polaris gold-antimony project in northwest British Columbia. As an advanced development company, its announcements focus on feasibility milestones, permitting progress, metallurgical results, financing activities, and collaboration with Indigenous Nations. Investors following CRCUF news can track how the company is moving New Polaris through feasibility, environmental assessment, and toward potential production.
Recent news releases highlight several key themes. Canagold has reported positive feasibility study results for New Polaris, including a NI 43-101 technical report that outlines project economics for a high-grade underground gold mine and milling operation. The company has also announced a process order from the British Columbia Environmental Assessment Office, allowing the project to enter the Application Development and Review phase, and has emphasized ongoing engagement with the Taku River Tlingit First Nation and other stakeholders during permitting.
Another important news focus is antimony. Canagold has disclosed that New Polaris contains significant antimony mineralization and has released a dedicated antimony mineral resource estimate within the existing gold resource. Metallurgical test work and locked-cycle flotation results have been reported, demonstrating the potential to produce a high-grade antimony-gold concentrate. These updates provide insight into how antimony could enhance the project’s value as a critical mineral.
Additional CRCUF news items include corporate appointments that expand permitting and compliance capacity, equity financings to fund exploration and working capital, and commentary from management on project strategy and Indigenous collaboration. This news page allows readers to follow technical, regulatory, and corporate developments affecting Canagold and its flagship New Polaris Project over time.
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.
Canarc Resource Corp. has received approval from the Toronto Stock Exchange (TSX) for a name change to Canagold Resources Ltd. and a share consolidation, where one post-consolidation share will replace every five pre-consolidation shares. The consolidation reduces common shares from approximately 350 million to about 70 million. Trading under the new name starts on December 8, 2020, with adjustments made to outstanding convertible securities. The company aims to enhance shareholder value through its Canadian gold projects and potential monetization in Nevada.
Canarc Resource Corp. (OTCQB: CRCUF) has secured a multi-year exploration permit for its New Polaris Gold Mine project in British Columbia, enabling the company to advance towards a feasibility study. Initial site preparations have been completed for environmental studies and drilling. The project, which has over 1 million ounces of gold resources, has an after-tax NPV (5%) of US$333 million at a gold price of US$1500 per ounce. The camp can accommodate a 20-person crew and a comprehensive environmental baseline study is underway.