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

Canagold Resources Ltd

Bullboard Posts

Comment by Charlie_Chanon Aug 29, 2016 8:05am

100 Views

Post# 25185908

RE:My position on Canarc's management is changing.

I am not too concerned about this potential J/V at this moment as the only cost to Canarc is the issuance of 250,000 shares to Eureka and to participate in a PP costing $105,000.

If there are any concerns about native or envoirnmental issues, I am hoping that we simply walk away from participating in the costly undertaking of the JV.

All in all this is not the kind of acquisition I was waiting for and I hope that there is something more positive for us than this deal.

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week