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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 naimarantzon Aug 18, 2016 7:58pm
85 Views
Post# 25156729

RE:RE:RE:RE:Strong support on both sides of the border shows confidence.

RE:RE:RE:RE:Strong support on both sides of the border shows confidence.As far as I know the deal was made during the recent gold bear and most companies were desperate. Barrick Gold sold a high grade property for $2 million to KNT, Barrick after spending at least $140 million on it, that's an example of how bad things were getting for some companies. If PanTerra Gold does not live up to its obligations to complete phase 1 of the metallurgical test work on Polaris this year they will likely lose their option and 100% of Polaris will revert back to Canarc. I believe Canarc is doing the right thing. They just turned $2 million into $10 million on their Mexico property and based on that I would like to see what they can do with $10 million. Its certainly better than waiting around for PanTerra to get its act together. Besides its always good to have several options by adding properties with ounces and production potential to the roster. Depending on which becomes the priority property the other properties could be resold later at a much higher price if the gold bull continues as predicted. If they land a good property or two the stock is going to take off.
Bullboard Posts