Canagold Resources Ltd

CompanyCanagold Resources Ltd

  • Location: Canada
  • Tickers:
    • TSXV:CCM
  • Commodities:
    • Gold
  • Project Stages:
    • Exploration

Canagold Resource (CCM.T), is advancing western Canada’s highest grade gold deposit, New Polaris in northwestern BC, to feasibility.
The company has recently been transformed with a change-of-control in August, 2022 led by its largest shareholder, Sun Valley Investments (17%) and has installed a new technically focused board and management. With strong financial backing, the team is committed to completing a feasibility within 18 months and will formally commence permitting early next year. At New Polaris, a past producer, the company is targeting over 1 million ounces of gold reserves to be mined at 100,000 ounces Au per year in a 10 year mine plan. In Oct. 2022 the retained Ausenco Engineering to complete the feasibility.
Current resource: 586 Moz gold Indicated (1.6mt at 10.8 g/t Au)
485 Moz gold Inferred (1.4mt at 10.2 g/t Au) PEA grade of 10.3 g/t Au includes 20% dilution.

New Polaris PEA (2019) demonstrates robust economics:
• After-tax IRR 56%
Payback 1.9 years ($1,500 gold)
• All in Sustaining Costs (AISC) of US$530/ounce
• Updated resource estimate expected by Q1 2023
Drilling: Canagold completed a 30,000-metre, 54-hole program (June 2021-March 2022), identified new high grade parallel zones.
• Intercepts include 24.2 g/t gold over 6.6 m and 15.8 g/t gold over 13.0 m,
• New Parallel Zone intercepts include 17.1 gpt over 8.4 m and 11.1 gpt over 17. 8m in hanging wall C10 vein (not in current resource).
• Now drilling 8,000 m in nearer-to-surface Y-Veins

Canagold Resources Ltd
  • otc: crcuf

    • -0.00638 (-3.5%)

* Based on previous 24 hours performance

  • otc: crcuf

    • -0.004 (-2.22%)

* Based on previous 7 days performance

  • otc: crcuf

    • 0.016 (10%)

* Based on previous 12 weeks performance

  • otc: crcuf

    • -0.064 (-26.67%)

* Based on previous 12 months performance

Open 0.17600 Volume 0
High 0.17600 52w High 0.24000
Low 0.17600 52w Low 0.12000
Close 0.17600

* 30 May 2023 (USD)


We welcome partnerships from leading media, industry associations, chambers of commerce, and other relevant industry bodies. If you are interested in developing a partnership with us, please contact us.

Contact us