Canarc Resource Corp. announces the appointment of Mr. Troy Gill, MAIG., to the position of Vice President, Exploration, effective immediately. Mr. Gill is a geologist with extensive exploration experience and a successful track record of discoveries, including 15 years with Rio Tinto where he twice received the Rio Tinto Discovery Award. Scott Eldridge, Canarc's CEO stated: "It is a pleasure to welcome Mr. Gill to our [...]
Canarc Resource Corp. announces that an update of the gold price and exchange rate within the range of sensitivities in the 2019 preliminary economic assessment of the high-grade New Polaris gold mine project in northwestern British Columbia significantly improves the anticipated economics of the project. The 2019 PEA used a base case gold price of US$1300 per oz and a $CDN: $US exchange rate of 0.77 to generate an [...]
Canarc Resource Corp. provides shareholders this update of its 2020 1st quarter activities and 2nd quarter plans for advancing its gold exploration projects in the USA and Canada. First Quarter 2020 Highlights: Fondaway Canyon: Optioned the Fondaway Canyon and Dixie Comstock properties in Nevada to Getchell Gold for US$4.0 million in staged cash and stock payments, US$1.45 million in exploration expenditures over a 4 year [...]
Canarc Resource Corp. highlights the results of its 2019 activities and outlines its 2020 plans to create shareholder value by advancing its gold exploration projects in the USA and Canada. 2019 Highlights: New Polaris, British Columbia: Completed an updated Preliminary Economic Assessment using the BIOX treatment process with very positive economic results. The study showed that for a 750 tpd operation producing 80,000 [...]
Getchell Gold Corp. announces that it has executed the Definitive Agreement with Canarc Resources Corp. , whereby Getchell will have the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties located in Churchill County Nevada. The Agreement replaces the binding letter agreement which Getchell previously disclosed in its news release dated November 17, 2019. The Company is in the process of delivering [...]
Canarc Resource Corp. is pleased to announce that it has entered into a definitive option agreement with Getchell Gold Corp. and Canarc's wholly owned subsidiary American Innovate Minerals, LLC pursuant to which Canarc and AIM have granted Getchell an option to acquire a 100% interest in the Fondaway Canyon and Dixie Comstock properties located in Churchill County, Nevada . The Option Agreement replaces the binding letter [...]
Canarc Resource Corp. announces positive results from its 2019 exploration program of geochemical soil and rock sampling and geological mapping on the Hard Cash gold property in the Rankin-Ennadai greenstone belt of southwestern Nunavut. Mapping and sampling identified a new high-grade gold prospect, the Dryland zone, with rock samples assaying up to 18.7 gpt Au. The program also confirmed and expanded the main Swamp zone [...]
Canarc Resource Corp. announces the completion of a Phase 1, five-hole, 1,600 meter core drilling program at its 100% owned Corral Canyon project, Nevada. Corral Canyon is located 115 km north of Winnemucca and 70 km north of the past-producing, high-grade Sleeper gold mine past production, 3.1 million oz resource) in northwestern Nevada. Scott Eldridge, CEO, stated: "We are very happy with the work completed to date at [...]
Canarc Resource Corp. announces that it has executed a binding Letter Agreement with Getchell Gold Corp. whereby Getchell will have an option for 4 years to acquire 100% of the Fondaway Canyon and Dixie Comstock properties located in Churchill County, Nevada for US$4 million in total compensation to Canarc. The option also includes minimum annual work commitments on the properties. Canarc and Getchell have agreed to a [...]
Canarc Resource Corp. announces that a Phase 1, four hole, 1,375 meter core drilling program has commenced at its Corral Canyon project, Nevada. Corral Canyon is located 115 km north of Winnemucca and 70 km north of the past-producing, high-grade Sleeper gold mine past production, 3.1 million oz resource) in northwestern Nevada. Scott Eldridge, Canarc's CEO, stated: "We are excited to commence our maiden drill program at [...]
Canarc Resource Corp. has identified four high priority gold targets at its Corral Canyon gold-silver project located 115 km north of Winnemucca and 70 km north of the past-producing, high-grade Sleeper gold mine in northwestern Nevada . Scott Eldridge, Canarc's CEO, stated: "We are very pleased that our 2019 exploration program at Corral Canyon has identified four high priority gold targets worthy of drill testing. The [...]
Canarc Resource Corp. reviews the results of the airborne magnetic geophysical survey flown by Peter E. Walcott and Associates Ltd. late last year over the Princeton Property in BC. The aeromagnetic survey covered an area of about 16 kilometres by 10 km, extending well beyond the known area of gold vein mineralization. The results have clarified the broad geologic setting and identified a structural control on gold [...]
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