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

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/

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

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