Canagold Resources Ltd. (CRCUF)

[Longpicker]

News!!
http://www.canagoldresources.com/news/canagold-announces-additional-results-from-new-polaris-drill-program-including-143-gpt-au-over-27-m-and-153-gpt-au-over-17-m

[ashy2classy]

Topped off my positions this morning. Couldn't pass up .07 pre-split.

[ashy2classy]

Added more today. Apparently the PP shares become free-trading on March 13/14. Hope the stock can hold up if some decide to sell. I'm wondering if they did the R/S to get these warrants exercised due to the requirement that the stock had to be above .20 CAD for a certain amount of time.

http://www.canagoldresources.com/news/canarc-closes-cad52-million-second-tranche-of-cad84-million-private-placement-financing-including-lead-investment-by-eric-sprott

[ashy2classy]

Back to .08 pre-split. Added more here. I'm really worried they did the R/S to just slowly sell shares.

[ashy2classy]

Added more here on that dip to the low 40s. Sure hope this one doesn't go back to single digits.

[ThSeeker]

Yes but our day will come. My portfolio lately has been on fire. Canagold will too some day.

[ashy2classy]

Still trading under .10 USD pre-split. This is nuts, IMO.

[ashy2classy]

Rounded out my position this morning at .47x. Doesn't seem like shares below .50 USD will last much longer.

[ashy2classy]

Added a few more this morning. Taking advantage of prices under .50.

[ashy2classy]

For sure. I added more after seeing the video. Basically just recapping the investor presentation that you posted, but nice to hear it from the CEO. Sure seems like this one has a lot of potential. We're trading at .11 pre-split so a good place to take a position or add to an existing one.

[ThSeeker]

Thanks Ashy, good interview that continues to confirm we are undervalued. Also indicates patience will be needed as we wait for Spring drill program which will be the major catalyst for price increases. Glad to know they have the cash for the 40+ drill program.
Should be a very good summer here of investors.

[ashy2classy]

New video...

[ashy2classy]

Major accumulation happening according to the chart. I keep adding.

[ThSeeker]

This I do know, if I get impatient and sell here it will shortly go up 2-3x. So many of ones I did that with did exactly that to me. Frustrating for sure. Really not happy that GIL has not highlighted this one recently like he said he was going to do. Maybe soon.

[ashy2classy]

I guess we continue to flail around here until PoG decides what to do.

[ThSeeker]

Canagold Optionee Getchell Gold Extends Gold Mineralization Zones at Fondaway Canyon Project, Nevada

VANCOUVER, BC / ACCESSWIRE / February 10, 2021 / Canagold Resources Ltd. (TSX:CCM)(OTCQB:CRCUF)(Frankfurt:CANA) is pleased to announce the results from the last three holes by Getchell Gold Corp. from their six-hole 1,995 metre diamond drill program at the Fondaway Canyon Gold Project in Nevada. (See Figure 1 Fondaway Central Area Plan Map)

Getchell has an option to acquire 100% interest in Fondaway Canyon from Canagold by paying US$4 million in cash payments and share issuances and incurring annual exploration expenditures on the property (See news release of January 7, 2020). Upon exercise of the option Canagold will retain a 2% NSR on the Project.

Key Highlights

Assay results have been returned for the last three holes from the 2020 drill program at Fondaway (See Table 1 Fondaway 2020 Drill Interval Highlights);
These final three holes all intersected broad zones of gold mineralization and have significantly extended the previously defined gold domains;
Holes FCG20-05 and FCG20-06 successfully extended the mineralized Colorado structural zone, initially intersected by holes FCG20-02 and FCG20-03, 150 metres down dip towards the southwest (See Figure 2 - Colorado-Pack Rat Long Section);
1.8 g/t Au over 90.0m including 4.4 g/t Au over 11.1m was returned from the Colorado SW Extension in FCG20-05;
1.5 g/t Au over 37.7m and 1.1 g/t Au over 38.3m were returned from the Colorado SW Extension in FCG20-06; and
8.6 g/t Au over 9.8m high grade gold intercept and 2.5 g/t Au over 58.0m including 10.3 g/t Au over 5.2m, was intersected by FCG20-04 within the newly identified North Fork Gold Zone that extended known gold mineralization 200 metres (See Figure 3 - North Fork Zone Long Section);
Highlighted gold zones remain open laterally and down-dip. There is currently insufficient information available to determine the true widths of the mineralized intervals.

Sampling and Assay Methods

The 2020 drill core was cut at Bureau Veritas Laboratories' ("BVL") facilities in Sparks, Nevada, with the samples analyzed for gold and multi-element analysis in BVL's Sparks, Nevada and Vancouver, BC laboratories respectively. Gold values were produced by fire assay with an Atomic Adsorption finish on a 30-gram sample (BV code FA430) with over limits re-analyzed using method FA530 (30g Fire Assay with gravimetric finish). The multi-element analysis was performed by ICP-MS following aqua regia digestion on a 30g sample (BV code AQ250). Quality control measures in the field included the systematic insertion of standards and blanks.

USA Gold Land Package

Fondaway Canyon is one of 11 gold-silver properties in the USA acquired by Canagold in 2017. Four of these properties are currently optioned out to third parties. Canagold continues to receive expressions of interest in the remaining 7 properties in Nevada, including the Corral Canyon project.

Canagold is focused on creating shareholder value by advancing its flagship New Polaris Gold Project and acquiring new gold properties with compelling discovery potential.

[ThSeeker]

I see this quoted --historical averages above $50.00/oz.
But I am not sure. I was wondering that too. I know some are over $100.
I need to educate myself on that more.

[ashy2classy]

Thanks for the info, Seek. Any idea what the normal EV per GRO is for other miners?

[ThSeeker]

Why Invest in Canagold?

Excellent Relative Valuation Upside Potential
-EV per Global Resource Ounce $USD 30.00

Seeking New Acquisitions
-Analyzing opportunities with gold resource ounces

Advancing Gold Projects with Existing 43-101 Resources
- 2 Gold Projects with 1M Ounces

Strong Cash Position
- Approximately C$ 8.2M cash & Equivalent

Company Led by Experienced Management & Board
- Geologists, Engineers and Financiers

[ThSeeker]

https://www.canagoldresources.com/_resources/presentations/corporate_presentation.pdf?v=0.282

[ThSeeker]

Buying pushing this up. Market cap in $30+ million and NPV over $300 Million. Does that sound like undervalued stock???? YES

[ThSeeker]

Wonder what is holding up to next Gold Investment recommendation.
Was hoping to see that this week.

[ashy2classy]

Continue to add here. Sitting at support and the wedge is getting tighter. We either break down from here for finally break out of this DT and start moving back up. Should find out soon. Chart shows a lot of buying so I'm inclined to think the latter, but who knows.

[ashy2classy]

A/D on this thing is super positive, but they just keep selling. WTF is happening? I keep adding as it falls. Sure hope I want em.

[ashy2classy]

Thanks for the info. Glad to have you hear, Seek!

[ThSeeker]

TSX: CCM| OTC: CRCUF

New Polaris –Robust PEA

Scheduled Resources1,686,000 tonnes Indicated & 1,483,000 tonnes Inferred

Grade10.3 grams per tonne (diluted 20%)

Production Rate 750 tonnes per day
Recoveries 90.5%
Output 80,000 oz gold per annum into dore bars
Minelife 8.7 years
Gold Price US$1,500 per oz
Exchange Rate US$ 1.00 = CA$ 1.40
Capital Cost US$ 111 million
Cash Cost/AISCUS $400 / US$510
After TaxCash Flow (LoM)CA$ 664 million
NPV (5%)CA$ 469million
NPV(8%)CA$383 million
- Internal Rate of Return
Pre Tax 68%
After Tax 56%
Payback Period 1.7 years 1.9 years

[ashy2classy]

I added a few at .48xx as well. That dump first thing to .41 would have been nice.

[ashy2classy]

Nice timing. GL to us!

[ThSeeker]

picking up some shares this morning.

[ashy2classy]

A premium newsletter mentioned it. If you want to subscribe check it out. I'm a member of the premium version. Eric has a lot of great information.

https://www.goldinvestmentletter.com/

[Longpicker]

Nice buys late in the day, what’s up??

[ashy2classy]

NEWS:

Canagold Resources Summarizes 2020 Results and Outlines 2021 Plans to Advance the High Grade New Polaris Gold Mine Project, British Columbia

http://www.canagoldresources.com/news/canagold-resources-summarizes-2020-results-and-outlines-2021-plans-to-advance-the-high-grade-new-polaris-gold-mine-project-british-columbia

[ashy2classy]

I get it, but the R/S didn't get us to a point where larger institutions would buy so other than making room for dilution, what does it accomplish? I can understand it if we make it above a dollar or something, but this just doesn't make any sense.

[Mason07]

To drill and build a mine patience is needed, with gold drifting down this will bounce back.

[ashy2classy]

So what was the thought behind the R/S? We're just drifting back down on selling every day.

[Mason07]

Agreed !

[ashy2classy]

Saw this. He just updates about the share structure and name change.

Really nice day today. With the low float this thing could fly with major buying.

[Mason07]

Interview...

[ashy2classy]

NEWS:

https://www.canagoldresources.com/news/canagold-optionee-getchell-gold-corp-approves-early-option-payment-on-the-fondaway-canyon-gold-project-nevada

[ashy2classy]

Taking this down on crazy low volume.

[ashy2classy]

Looking good. Get us to a price where institutions can invest.

[Renee]

CRCUF: effective Dec. 8,2020 Canarc Resource Corp. will change to Canagold Resources Ltd. and a one for 5 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[Mason07]

Things are looking good here, undervalued compared to peers more upside coming

[Longpicker]

Breakout now, trending nicely higher!

[ashy2classy]

Very nice day. Things starting to heat up.

[Mason07]

New Interview....

[Mason07]

Right back atcha

[ashy2classy]

Great! GIL recommended it and said it's CHEAP! Hoping we see a big move here in the short, mid and long term. GLTY!

[Mason07]

I'm in, in fact been here for years, looks like a good CEO and we have the goods, welcome aboard

[ashy2classy]

Yo Mason. You in this? Just grabbed a good size position in Canarc between yesterday and today.