North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Canarc Resource Corp. Aug. 4 said PanTerra Gold Ltd. indicated that it will not be able to commit to further expenditures to begin stage-two exploration and permitting work on Canarc's New Polaris gold mine project in northwestern British Columbia until it receives government approval for importing New Polaris gold concentrate into the Dominican Republic for processing. As a result, Canarc and Panterra will work to negotiate the terms and conditions of a one-year extension of their agreement during the next two months. During this negotiating period, Canarc also intends to evaluate other options for advancing the New Polaris property.

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

• Email: [email protected]
• Phone: (907) 726-1095
• https://www.linkedin.com/in/shane-lasley-ab073b12/