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New Polaris draws C$10M infusion


Last updated 3/1/2015 at Noon

Canarc Resource Corp. Feb. 25 reported that a wholly owned subsidiary of Australia-based PanTerra Gold Ltd. has the option to earn 50 percent interest in Canarc's New Polaris gold mine by investing C$10 million in the Northwest Canada project over the next 2.5 years.

Aimed at advancing New Polaris through feasibility and permitting, the agreement provides for Panterra to complete three stages...

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