Canagold Resources Ltd.

09:46 AM EST - Canagold Resources Ltd. : Reports on recent progress and planned 2021 activities at three of its gold properties optioned out to third parties. The option agreement terms typically include minimum annual property expenditures, cash payments, share payments, and NSR royalties. The portfolio of marketable securities received from optionees thus far has already created significant value for Canagold. Canagold optioned a 100% interest in the Fondaway Canyon and Dixie Comstock properties located in Churchill County, Nevada to Getchell Gold Corp. Getchell recently secured a drill rig and plans a 4,000 meter drill program commencing in May 2021. In 2020, Getchell completed an initial drill program of 1,995 meters with positive results and the new geological information led to the recently released update of the mineralization model. Canagold Resources Ltd. shares T.CCM are trading unchanged at $0.49.

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