So, for 25 years, Canagold has been telling shareholders that a feasibility study is imminent. The goals of the development program will be to complete the in-fill drilling and a feasibility study.” – October 13, 2004, press release “ Canarc now plans to move ahead with a more aggressive development program at New Polaris as part of management’s focus to accelerate growth in shareholder value. “ the goals of the current work program are to … complete a feasibility study in 1998.”Ĭanagold recycled this story again in 2004, when the Company (then Canarc) claimed: In that same 1997 press release, Canagold also stated: “Our aggressive feasibility program appears to be paying dividends … the base case for production, which provides Canarc with an attractive return on investment and would make Canarc an intermediate size gold producer in the next 2½ years….” – March 3, 1997, press release
Bradford Cooke, then president and CEO of Canagold (then Canarc), claimed: Canagold has been “ on the path to feasibility” since 1997, when Mr. Shareholders have heard this story before. Canagold also claimed they will “ prepare for the feasibility study” and that they are “ on the path to feasibility.” In their Jpress release, Canagold claimed that New Polaris “ has not been stagnant” and the Company produced a laundry list of excuses for not advancing this critical project. CANAGOLD’S ‘RINSE AND REPEAT’ STORY FOR STAGNATING NEW POLARIS
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