View of the New Polaris project. Credit: Canagold
Canagold Resources (TSX: CCM) unveiled on Friday a first antimony resource estimate for its flagship New Polaris gold project in northwestern British Columbia. The project is at an advanced development stage with feasibility work underway.
Under the base case scenario, there are approximately 5,630 tonnes of antimony metal contained within the indicated resource, plus 1,195 tonnes within the inferred resource. The existing gold resource at New Polaris is estimated at 1.1 million oz. indicated and 266,000 oz. inferred.
“We are thrilled to incorporate a substantial antimony resource alongside our high-grade gold deposits at the New Polaris project,” commented CEO Catalin Kilofliski. “Past metallurgical testing has shown excellent antimony recovery rates within the New Polaris concentrate, highlighting its potential to enhance future revenue…
