New Gold Listing..Bulk sample cash as dividend Now, here is a shareholder friendly Management team which will boot strap by test mining and give those funds as a dividend to its shareholders.
Here, it looks by a Scrooge Xmas while Management stands by for its $2 options..
VANCOUVER, British Columbia, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Canadian Gold Resources Ltd. ("Canadian Gold" or the "Company") (TSXV: CAN) (formerly “Amseco Exploration Ltd.”) is pleased to announce that the common shares of the Company will officially commence trading on the TSX Venture Exchange (“TSXV”) under the trading symbol “CAN” and new CUSIP #13585U109, as of market open today, Thursday, December 12, 2024.
“The listing marks a significant milestone for Canadian Gold, providing the Company with greater access to capital markets, increased visibility, and enhanced opportunities for growth, and development,” said Ronald Goguen Chairman, President & CEO of Canadian Gold. “This listing aligns with Canadian Gold’s strategy to advance its exploration and development projects in Canada, further solidifying its position in the growing resource sector.”
Key Investment Highlights:
- Near-Term Cash Flow & Dividends
Flagship Lac Arsenault project is expected to generate CAD $9 million(1) from bulk sampling activities with cash flow projected in 2025, with a significant portion of proceeds planned to be distributed as dividends to shareholders.
(1) This is forward-looking information. Readers are advised to the full forward-looking statement at the end of this news release for important details regarding assumptions, risks and uncertainties associated with such information.
- High-Grade Gold Projects
Canadian Gold’s portfolio includes high-grade assets like Lac Arsenault (up to 15.43 g/t Au(2) – explored by Imperial & Esso Minerals in the mid 1970’s), Robidoux (up to 92.0 g/t Au(2)) and VG Boulder (up to 75.7 g/t Au(2)), offering strong exploration upside.
(2) These estimates are historical and has not been verified – it is not NI 43-101 compliant –additional work is required to confirm this estimate
- Strategic Location
The Company controls 15,838 hectares and more than 34 km of strike along the mineral-rich Grand Pabos Fault, known for hosting significant gold deposits.
- Experienced Leadership
Led by Ronald Goguen, founder of Major Drilling, the team brings over 40 years of experience in advancing exploration projects to development.
- Growth & Exploration Plans
Ongoing exploration activities in 2025, including drilling and bulk sampling, aim to expand resources, and generate non-dilutive capital for further development.
About Canadian Gold Resources Ltd.
Canadian Gold Resources Ltd. (TSXV: CAN) is a Canadian exploration company focused on developing high-grade gold projects in the Gasp Gold Belt of Quebec. The Company targets under-explored, past-producing properties with signi