Catalin Chiloflishci, President & CEO of Canarc Resources Corp (CCM:TSX), explains how this company is moving forward even in today’s markets.
Canarc Resource is a gold focused company. Main focus right now is production from its newly acquired Mexican asset and we also have a high grade gold project in BC.
Canarc owns 100 percent of its fully permitted gold-silver project in Zacatecas. It becomes now our core project as we are focused on securing the funding to get the project in production during 2016.
We’ve recently released a PEA, that shows that that we can produce one ounce of gold equivalent for about $600 per ounce which is a great price going to be even in this market, the project has about seven year mine life at this price at this current resourceand about 20,000 ounce of gold production a year. It’s a fully permitted project and it’s a fantastic asset for the company.
In addition company has a high-grade gold project in Northern BC, it’s also a very robust project even in this market.
I think investor should pay attention to Canarc Resource because Canarc very recently has transformed from being exploration company into a soon to be a producer with the project that is able to produce at low cost has a very good resource and is located in a very good jurisdiction more importantly, it is always run by a very experienced team both at the management and the board level.