New Polaris draws C$10M infusion

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 of p...