Canagold Resources
Financials:
Primary ticker: TSX:CCM, OTCQB:CRCUF
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: New Polaris
Project location: Canada
Website: www.canagoldresources.com
Canagold (CCM.T), founded by Bradford Cooke (Endeavour Silver), led by CEO Scott Eldridge, is advancing West. Canada’s highest grade gold deposit, New Polaris in BC, to feasibility. Current resource: 586 Moz gold Indicated (1.6mt at 10.8 g/t Au); 485 Moz gold Inferred (1.4mt at 10.2 g/t Au) (PEA grade of 10.3 g/t Au includes 20% dilution). 2021 DRILLING: completed 24,000-metre, 47-hole program (20 holes reported so far) 2022 DRILLING: 10,000m NOW. Meet CEO Scott Eldridge, VP Corp Dev Knox Henderson (formerly Great Bear)
Cash: CAD4M
Debt: NIL
Major shareholders:
Sun Valley Gold – 9.9%
Eric Sprott – 8.7%
Brad Cooke – 6.9%
Ruffer – 5.3%
Andrew Bowering – 1%
Management Ownership – 10%
Management Profile
Scott Eldridge – CEO and Director
Most recently he was President and CEO of Arctic Star Exploration (TSX-V: ADD), a diamond exploration company.
Prior he held the position of CFO and VP Finance with Amarillo Gold (TSX-V: AGC) a gold developer in Brazil.
Additionally, he co-founded Euroscandic International Group Inc., a private company that offered investment banking services to natural resource companies.
During his time in the industry Scott has been responsible for raising in excess of $500 million in combined equity and debt financing for mining projects varying from exploration to construction financing around the globe.
Mr. Eldridge has a B.B.A. from Capilano University in Vancouver Canada, and an M.B.A. from Central European University in Budapest Hungary.
What is your rationale for taking part 121 Mining Investment?
Meet US buy-side fund – financing from PEA to Feasibility
What recent news would you like to highlight to investors attending?
NOVEMBER 10, 2021
Canagold Intersects 11.1 gpt Au over 17.8 m and 11 gpt over 8.9 m in 2 Separate Hanging-Wall Veins Adjacent to C West Main Vein at New Polaris Gold Project, BC
SEPTEMBER 22, 2021
Canagold Intersects 17.1 gpt Au Over 8.4 m in Hanging-Wall C10 Vein and 25.7 gpt Au Over 2.1 m in C West Main Vein at New Polaris, BC
JULY 6, 2021
Canagold Announces Initial 2021 Drill Results From New Polaris Project Including 24.2 gpt Gold over 6.6 m and 15.8 gpt Gold Over 13.0 m
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Finish Winter program – 24,000 m in 47 holes in 2021, 10,000 m 2021, only 22 holes reported
6 Months:
Additional resource drilling and Resource Estimate
12 Months:
Updated PEA to Feasibility advancement of permitting
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Perception of an older gold development story
What do you think makes your company such a compelling investment?
Very high grade gold: 10 gpt Au in resources and in PEA – Very low cost US $530 AISC
What are the top 3 key investor takeaways?
Solid underlying value at $35MC with 1 Million oz Au at 10gpt Au, Good permitting regime, community support, near term producer – 2-3 years . Team that has built and operated mines in BC and Mexico