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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

Comment by SunValleyInvon Jul 23, 2022 11:05pm
164 Views
Post# 34845972

RE:Interesting Factoid

RE:Interesting Factoid

It would never have occurred to me to compare Canagold to Novagold's progress with Donlin, which is the largest undeveloped gold deposit in the world.

But assuming it is a valid comparison, then I suspect that if Canagold had spent 30 years getting to an M&I of 34Moz and a market cap of 2B$ then probably no big deal would have been made about their tardiness either. Unfortunately for shareholders what they actually did is about as far from that as possible. 

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