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Canagold Resources Ltd T.CCM

Alternate Symbol(s):  CRCUF

Canagold Resources Ltd. is a mineral exploration company. It owns a direct interest in precious metal properties, known as the New Polaris property, the Windfall Hills property, and the Corral Canyon property, as well as a portfolio of smaller exploration properties in Nevada, Idaho and Montana. It owns a 100% interest in the New Polaris property, located in the Atlin Mining Division, British Columbia (BC), which consists of 61 contiguous Crown-granted mineral claims and one modified grid claim covering 850 hectares. The Windfall Hills gold project is located 65 km south of Burns Lake, which consists of the Atna properties, comprised of two mineral claims totaling 959 hectares and the Dunn properties, comprised of eight mineral claims totaling 2820 hectares. Corral Canyon property lies 35 km west of the town of McDermitt in Humboldt County along the western flank of the McDermitt caldera complex. Princeton Gold Property consists of 14,650 hectares and lies 35 km south of Princeton, BC.


TSX:CCM - Post by User

Bullboard Posts
Comment by lamothzeon May 09, 2016 9:25pm
161 Views
Post# 24856253

RE:The news

RE:The newsI'm pretty sure they already have a project in mind,  but no they won't put the money in the bank because they will receive only shares of EDR.TO and only in late June.  EDR is the most volatile silver play I know I've owned it but now I don't because I thought its current price was pretty high. Let's hope silver keep going up or we could easily end up with 5millions instead of 10 in the end. EDR are looking at enhancing with sorters let's hope all goes well.  But seriously this project was perfect for Canarc it will be quite hard to find another project with such a low Capex to production with so high margins.  I don't really understand maybe the DD buy the lenders in the end found out ccm numbers were not as great as advertised.  Note how EDR said they would rework those numbers... 

Charlie_Chan wrote: I can't say initially that I am ecstatic about the news release as I was looking forward to watching the transition of CCM from an explorer to a producer.

However, the number 1 reason that I am a shareholder of CCM is that I fully trust the Management of this Company in their determination to utilise the Monetary return from the sale of property assets to buy something more substantial.

Brad Cooke is still the Chairman of CCM and although he spearheads Endeavor Silver, i wouldn't be too surprised to see a spinoff of assets from Endeavor to Canarc.

They won't be putting the $10 million in the bank for too long so hopefully we will see something exciting occur in the near future.

GLTA


Bullboard Posts