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 [...]
Canarc Resource Corp. announces the signing of an option agreement with Tasca Resources Ltd. and Sydney Wilson to acquire an 80% interest in their 14,650 hectare Princeton Gold property located in southern British Columbia, Canada. Scott Eldridge, Canarc's CEO, stated: "Canarc is excited to participate in this emerging new high-grade gold discovery located near the Copper Mountain Mine in southern British Columbia. The [...]
Canarc Resource Corp. announces the signing of an option agreement with Silver Range Resources Ltd. to acquire a 100% interest in their 2,090 hectare Hard Cash and 375 hectare Nigel properties located in southwestern Nunavut, Canada. Nunavut is home to two multi-million ounce gold deposits owned by Agnico Eagle Mines, the operating Meadowbank Mine and the Meliadine Mine currently under construction. Scott Eldridge [...]
Canarc Resource Corp. is pleased to announce that it has acquired a new gold exploration project in northwestern Nevada through the staking of 92 mining claims covering 742 hectares. Canarc owns the project 100% with no underlying royalties. The new project, called Corral Canyon, contains significant, volcanic-hosted, epithermal, disseminated and vein gold mineralization evidenced by previous drilling. The project lies [...]
Canarc Resource Corp. is pleased to announce that it has entered into an option agreement with Brownstone Ventures Inc., a subsidiary of Casino Gold Corp., on its wholly owned Silver King Patented Claim Group located in Humboldt County, Nevada. Under the terms of the ten-year agreement Canarc will receive annual payments of US$12,000 plus an option exercise payment of US$120,000. Upon exercise of the Option, Canarc will [...]
Canarc Resource Corp. announces, effective today, the appointment of Director Scott Eldridge as the new Chief Executive Officer. Bradford Cooke who has held the position as Interim CEO will continue as Chairman of the Company. Scott Eldridge has over 10 years of experience in the mining sector, spanning various executive roles with both private and public companies. He has a proven track record of raising capital for [...]
Vancouver, British Columbia - Canarc Resource Corp. has commenced a CAD$400,000 exploration program on its 100% owned Windfall Hills gold project located 65 kilometres south of Burns Lake and 90 km northwest of NewGold’s large Blackwater-Davidson gold-silver discovery in central BC. Canarc previously conducted three phases of exploration in 2012, 2014 and 2016 at Windfall Hills to discover encouraging gold mineralization [...]