08:15 AM EDT, 09/18/2024 (MT Newswires) -- Canagold Resources ( CRCUF ) said on Wednesday that it completed a resource expansion drilling program at the New Polaris gold project in British Columbia.

Highlights include 10.8 grams per tonne g/t gold over 4.3 meters, including 15.5 g/t gold over 2.0 meters.

"With all assay results now received, we are actively modeling the new mineralization to assess the potential for expanding the already identified high-grade resources with additional shallow high-grade resources at the New Polaris project," Chief Executive Catalin Kilofliski said.

Canagold's share price fell 5.9% yesterday to $0.32 on the TSX.