Canarc Releases Updated Resource Estimate for Fondaway Canyon Gold Property

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Canarc Resource Corp. (TSX:CCM,OTCBB:CRCUF) released an updated independent resource estimate for its Nevada-based Fondaway Canyon gold property. Fondaway Canyon is part of an 11-property package acquired by Canarc in March.

As quoted in the press release:

The property includes 136 unpatented claims covering 900 hectares, and has a history of previous surface exploration and open pit gold mining in the late 1980’s and early 1990’s.

Canarc commissioned Techbase International of Reno, Nevada to complete a technical Report for the Fondaway Canyon Project. The updated resource estimate included in the technical report is shown in the table below.

Click here to read the full Canarc Resource Corp. (TSX:CCM,OTCBB:CRCUF) press release.

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The post Canarc Releases Updated Resource Estimate for Fondaway Canyon Gold Property appeared first on Investing News Network.

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