Canarc Resource announces that Ophir Gold, has released results of their recently completed surface exploration program at the Lightning Tree property, located in Lemhi County, approximately 40 km southwest of Salmon. Ophir holds an option to purchase Lightening Tree from Canarc by paying cash, issuing shares and granting an NSR royalty to Canarc over three years. The 2020 field work is the first exploration of the [...]
Canarc Resource Corp. announces that its recent reverse circulation drill program on the Hard Cash property in southwestern Nunavut, Canada intersected narrow, low grade intervals of gold mineralization and failed to confirm the potential for a significant, shear zone-hosted, orogenic gold discovery. As a result, Canarc has terminated its option agreement with Silver Range Resources Ltd. Phase 1 Drill Program In August [...]
Canarc Resource Corp. announces that it has closed the second and final CAD$5.2 million tranche of its CAD$8.4 million private placement, previously announced by Canarc in press releases dated August 19, 2020, September 3, 2020 and October 21, 2020. The second tranche of the private placement consisted of the issuance of 65 million units priced at CAD$0.08 per unit for total proceeds of CAD$5.2 million. The second tranche [...]
Canarc Resource Corp. is pleased to announce the voting results from its Special General Meeting held on October 19, 2020 which resulted in shareholder approval of the upsized financing from CAD$3.2 million to CAD$8.4 million. The first tranche closed on October 8, 2020 and Canarc anticipates closing the second tranche shortly. Special General Meeting On September 3, 2020, Canarc announced an increase in the size of its [...]
Canarc Resource Corp. announces that it has closed the first tranche of its private placement, previously announced by Canarc in press releases dated August 19, 2020 and September 3, 2020. The first tranche of the private placement consisted of the issuance of 40 million units priced at CAD$0.08 per unit for total proceeds of CAD$3.2 million. Each unit consists of one common share in the capital of Canarc and one-half of [...]
Canarc Resource is pleased to announce that further to its press release dated July 6, 2020, MinKap Resources has received approval of the TSX Venture Exchange to acquire the Company's Lightning Tree property located in Lemhi County. Canarc signed a definitive mineral property purchase agreement dated September 10, 2020 between the Company, MinKap Resources and DG Resource Management pursuant to which Minkap will acquire [...]
Canarc Resource Corp. announces that its optionee Getchell Gold Corp. has commenced a 2,000 metre drill program at the Fondaway Canyon Gold Project in Nevada . Getchell signed a 4 year Option Agreement on January 7, 2020 to acquire the Fondaway and Dixie Comstock properties located in Nevada. About the Drilling The six-hole 2,000 metre Phase 1 diamond core drill program includes five holes planned for the highly [...]
Canarc Resource Corp. is pleased to announce its intention to increase the size of its previously announced non-brokered private placement by issuing up to an additional 65,000,000 units for up to an additional C$5,200,000 in gross proceeds through a second tranche which is subject to shareholder approval. As a result of the Upsize, the Company will issue a total of up to 105,000,000 units for aggregate gross proceeds of [...]
Management of Canarc Resource Corp. is pleased to announce several corporate changes intended to better reflect the Company's renewed focus on its Canadian gold exploration projects. The changes include a planned name change to Canagold Resources Ltd., a 5:1 share consolidation to better attract institutional investors, a CAD$3.2 million private placement financing to strengthen working capital, a renewed focus on [...]
Canarc Resource Corp. , announces that a Phase-2 core drilling program of 1,500 meters in six holes will commence on or about July 20th at its 100%-owned Windfall Hills gold property located in north-central British Columbia. Highlights from the Phase 1, 3-hole drill program conducted in 2014 included a drill intercept of 1.38 grams per tonne gold equivalent over 28.0 meters . Exploration work since 2014 focused on [...]
Canarc Resource Corp. announces that the Company has signed a non-binding letter of intent dated July 6, 2020 with Minkap Resources Inc. whereby MinKap can acquire a 100% undivided interest in the Lightning Tree property located in Lemhi County, Idaho, USA under a definitive option agreement from Canarc. Lightning Tree is one of 11 mineral properties in the American Innovative Minerals USA gold package acquired by Canarc [...]
Canarc Resource Corp. announces the voting results from its Annual General Meeting held on June 29, 2020 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 46,904,678 137,700 Scott Eldridge 46,914,878 127,500 Martin Burian 46,914,878 [...]
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