Canarc Resource Corp. , , announces that it has arranged and closed a non-brokered private placement of flow-through common shares for aggregate gross proceeds to the Company of CAD$1.44 million . The Company has issued an aggregate of 23,729,856 FT Shares pursuant to the Offering, 17,333,333 of which were issued at a purchase price of $0.06 per FT Share and the balance of 6,396,523 were issued at a purchase price of [...]
Canarc Resource Corp. announces that it has reached an agreement with Universal Copper Ltd. and Sydney Wilson to modify the terms of its previously-announced option agreement dated December 20, 2018 to acquire an 80% interest in the 14,650 hectare Princeton Gold property located in southern British Columbia, Canada. Scott Eldridge, Canarc €™s CEO, stated: "The amendments reduce Canarc €™s exploration commitment from [...]
Canarc Resource Corp. announces the voting results from its Annual General Meeting held on June 27, 2019 in Vancouver, British Columbia. Shareholders voted in favour of all items of business including the re-election of five existing directors. Voting results for directors were as follows: Directors Votes For Votes Withheld Bradford Cooke 40,163,992 375,200 Martin Burian 40,164,492 374,700 Deepak Malhotra 40,174,692 [...]
This press release replaces the press release disseminated June 19, 2019 at 11:25 AM ET. This press release includes additional information in the second and third paragraph. The corrected press release is below: Canarc Resource Corp. reviews the results of the airborne magnetic and radiometric geophysical surveys flown by Geotech Airborne Geophysical Surveys late last year over the Hard Cash Property in Nunavut. Scott [...]
Canarc Resource Corp. reviews the results of the airborne magnetic and radiometric geophysical surveys flown by Geotech Airborne Geophysical Surveys late last year over the Hard Cash Property in Nunavut. Geophysical modelling and interpretation were recently completed by Geotech, followed by geological and structural interpretation by company geologists. The results have clarified the broad geological and structural [...]
Canarc Resource Corp. announces that it has received the Government Land Use Permit for multi-phase exploration on the Hard Cash Gold Property located in southwestern Nunavut, Canada. Nunavut is home to two multi-million ounce gold deposits owned by Agnico Eagle Mines Ltd., the operating Meadowbank Mine and the Meliadine Mine currently in construction. The permit issued by the Crown-Indigenous Relations Division of [...]
Canarc Resource Corp. announces the filing of the NI 43-101 preliminary economic assessment report which was completed by Moose Mountain Technical Services for the high-grade New Polaris gold mine in northwestern British Columbia. The report has been filed on SEDAR and is also available on Canarc's website at www.canarc.net Highlights of the PEA include: Post-tax internal rate of return of 38% Post-tax net present value [...]
Canarc Resource Corp. announces the completion of an updated NI 43-101 preliminary economic assessment report by Moose Mountain Technical Services for the past producing, high-grade New Polaris gold mine project in northwestern British Columbia. Scott Eldridge, Canarc's CEO, stated: "This new PEA establishes significantly improved economics for our New Polaris gold mine project, demonstrating the potential for a [...]
Canarc Resource Corp. highlights the results of its 2018 activities and outlines its 2019 plans for continued growth by advancing its gold exploration projects in the USA and Canada. 2018 Highlights Developed a new vision, mission and strategy to create shareholder value by returning to our roots as an exploration company focused on discovering new gold deposits. Canarc has optioned or acquired three new gold projects [...]
Canarc Resource Corp. announces the completion of a 970 line-km airborne magnetic and radiometric survey over the newly acquired 2,090 hectare Hard Cash Gold Property, located in southwestern Nunavut, Canada. Scott Eldridge, Canarc's CEO, stated: ''Since identifying Hard Cash late last year as a district scale gold exploration opportunity, Canarc has visited the site, sampled high grade gold in bedrock, signed an option [...]
Canarc Resource Corp. announces it has received excellent metallurgical test results, with gold recoveries up to 96%, using bio-oxidation treatment on flotation concentrate from its New Polaris gold mine property located in British Columbia, Canada. These excellent test results confirm that New Polaris concentrate is amenable to the BIOX process. Bio-oxidation testing of New Polaris concentrates dramatically increased the [...]
Canarc Resource Corp. is pleased to announce the completion of an airborne geophysical survey over the entire 14,650 hectare Princeton Gold Property, currently under option from Tasca Resources Ltd. and Sydney Wilson. The survey was conducted by Canarc to meet its Phase 1 option requirement to spend a minimum CAD$100,000 prior to January 31, 2019. Results of the survey are anticipated in February from the geophysical [...]
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