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 > Why CCM Will Be 10 Bagger in 18 months

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon Nov 14, 2021 2:46pm

84 Views

Post# 34124962

RE:Why CCM Will Be 10 Bagger in 18 months

Assays from the initial batches of the current drilling program have already increased the veins from 3 to 4 and extensional hits at good grades suggest that, when all assays from current drilling are reported, the updated 43-101 could rise to 1.5 m ounces from 1.1 m ounces.

This would have a considerable effect on the NPV, as @90% recovery , New Polaris could produce at 100,000 ounces per year for about 12 years.

As these basement lodes are open at dip and strike, future drilling has an excellent chance of continuing to increase gold resources and production levels well above 100,000 ounces per year.

<< Previous

Bullboard Posts

Next >>

Gold vs. bitcoin, where should you invest?