NewswireToday - /newswire/ -
Point Roberts, WA, United States, 2006/01/29 - Gold-MiningStocks.com announces Featured Company: Canarc Resource Corp., owner of the New Polaris property, one of the largest gold deposits in Western Canada..
Gold-MiningStocks.com (GMS) an investor and industry portal for the gold and mining sector announces new featured gold company Canarc Resource Corp. (TSX: CCM)(OTCBB: CRCUF) with interests in an operating gold mine, two large gold deposits awaiting further development, and a new mineral discovery. The Company’s principal asset is the 1.3 million oz. gold resource on its New Polaris property, one of the largest gold deposits in Western Canada.
Bradford Cooke, President and CEO of Canarc, stated, "Such consistently high grade drill intercepts from the Phase 2 infill drilling program have helped to establish better continuity, thickness and grade of the C vein system. Canarc now plans to complete the infill drilling (subject to financing) and optimize the conceptual mine plan at New Polaris in 2006 so the project can move into feasibility and permitting. Our goal is to build an initial 65,000 oz per year high grade gold mine at New Polaris over the next three years."
Additional assets include an 80% option on the Benzdorp gold property in Suriname. The Company’s major shareholders include Barrick Gold Corp. and Kinross Gold Corp.
The Company recently announced the appointment of Mr. Jack McClintock, B.Sc., MBA, as its new President and Chief Operating Officer to capitalize on the company’s portfolio of properties as gold prices increased over 30% in the past year. Mr. McClintock recently held the position of Global Exploration Manager for BHP Billiton, the world's largest mining company, based in Melbourne, Australia.
Featured Company Disclosure: (GMS is compensated by Canarc as disclosed in disclaimer)
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Gold prices have recently gained on concern about Iran's nuclear program and recent terrorism threats causing speculation on gold price futures.
Recent Article Previously released December 2005:
“Gold prices could reach $850 per ounce”
Gold prices may achieve historic highs in the coming months, aided by a decline in the United States dollar, only marginal increases in mine production and a steady deregulation of gold buying in the major Asian countries. This puts an estimated 2,000 junior gold exploration companies in an excellent position to attract increasing investment dollars from the major gold producers.
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The Investor Incite Newsletter: InvestorIdeas.com free "Investor Incite" Newsletter consists of company and industry updates, investment research and developing trends in key areas such as Homeland Security, Renewable Energy, Nanotechnology, Mining and more.
“The Insiders Corner”, a weekly feature by well-known financial writer and author Michael Brush. InvestoriIeas.com/insiderscorner/
Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. GMS is compensated by Canarc: two thousand five hundred per month
Source: Gold-MiningStocks.com, (TSX: CCM) (OTCBB: CRCUF)