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Canarc Resource Acquires Gold Property near Richfield’s Blackwater Gold Discovery

By Joel ScanlonMay 26 2011

Canarc resource has staked a gold property of 13,870 hectare, which is situated northeast of the newly purchased windfall hills properties by Canarc, Burns lake south and northwest region of Blackwater gold discovery by Richfield ventures in central BC.

At present, this property is known as the devil's thumb project and is located in the geological belt of tertiary volcanic rocks that is similar to the latest Blackwater-Davidson gold discovery of Richfield ventures. Now, Richfield is the matter of an affable acquisition bid by New Gold and assessing the company and the discovery for over $550 million.

The company is acquiring the geochemical anomalies, which is targeted in the encouraging Ootsa lake group rhyolitic volcanic rocks, wherein it intersects through northwest-trending and northeast formations that are same as the Blackwater-Davidson gold discovery. The Devil's Thumb project is reachable by means of gravel logging roads and therefore exploration of the property should be quick and commercial.

Source:

http://www.canarc.net/

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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