Key facts
| Company | Canagold Resources Ltd. (TSX: CCM) |
|---|---|
| Commodity | Gold |
| Location | USA |
| Stage | Early exploration |
About Windfall Hills
Canagold owns a 100% interest in the prospective Windfall Hills gold exploration project, located in the same geological belt as and 90 kilometers (km) northwest of the Blackwater-Davidson gold discovery in central BC. Richfield Ventures made the discovery in 2009 and was taken over by Newgold in 2011 for $10.38 per share, valuing the company at more than $550 million. Newgold is now conducting a feasibility study to build a 500,000 oz per year open pit gold mine based on their updated resource estimate for Blackwater-Davidson contain 10 million oz gold and 65 million oz silver.