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Canadian Gold Resources Ltd T.CAN


Primary Symbol: V.CAN Alternate Symbol(s):  CDNGF

Canadian Gold Resources Ltd., formerly Amseco Exploration Ltd, is a Canada-based gold exploration and development company. The Company is focused on advancing its 100% owned gold properties in the Gaspe Gold Belt of Quebec, Canada. The Company is the owner of the Lac Arsenault Property, the VG Boulder Property, and the Robidoux Property. The Lac Arsenault project is located in the Gaspe Peninsula of Quebec, approximately 25 kilometers (kms) north of Paspebiac and 58 kilometers from Bonaventure, covering a total of 4,118 hectares. The Robidoux project is located in the western Gaspe Peninsula, Quebec, covering 1,940 hectares. The VG Boulder project is located in the Gaspe Peninsula, Quebec and covers 14 km along the prospective Grand Pabos Fault, spanning approximately 5,787 hectares.


TSXV:CAN - Post by User

Comment by cerebuson Apr 15, 2011 9:43am
250 Views
Post# 18436077

RE: RE: whats goin on

RE: RE: whats goin onDid you ask why the NSR agreement with Kigoda was never posted as a material contract with the prospectus?
The resolution of the dispute just doesn't add up.  Obviously that piece of property with a hypotenuse around 25% of the area where the drilling is taking place must be worth much more than $2 million cash and a NSR.  I can't believe stock wasn't also issued as part of the arrangement.

Time will tell but until a signed agreement is filed I believe the cash paid is sitting in a lawyer's trust account and Kigoda hasn't signed off but the government is trying to put pressure on him to sign.
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