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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 specul8eron Jun 01, 2012 2:06am
367 Views
Post# 19969224

RE: RE: RE: Canaco Update

RE: RE: RE: Canaco Update

@thomasriddle

Nobody is suggesting that they aren't going on "life support," as you put it. Preservation of capital, spending and drilling on hold, etc. etc. It's all there in writing. However, also in the writing is this statement: "We have embarked on a comprehensive strategic review of our business and are evaluating a range of acquisition and exploration opportunities to leverage the balance sheet to create value." And as I stated, this is the only statement in the NR that highlights anything worth anticipating, ie, the only potential positive. They are evaluating opportunities. Now, if you have issues with acknowledging that as a potential positive, that is your prerogative. Enjoy your summer.

Cheers,

Specul8er

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