Providing coverage of Alaska and Northwest Canada's mineral industryAugust 2015
| Vol. 20, No. 32 | Week of August 09, 2015 |
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Mining News: Northern Neighbors: New Polaris funding, processing hits snag
Canarc Resource Corp. Aug. 4 said PanTerra Gold Ltd. indicated that it will not be able to commit to further expenditures to begin stage-two exploration and permitting work on Canarc’s New Polaris gold mine project in northwestern British Columbia until it receives government approval for importing New Polaris gold concentrate into the Dominican Republic for processing. As a result, Canarc and Panterra will work to negotiate the terms and conditions of a one-year extension of their agreement during the next two months. During this negotiating period, Canarc also intends to evaluate other options for advancing the New Polaris property.
- Shane Lasley
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