Canagold Resources Ltd, formerly Canarc Resource Corp. is a mineral exploration company. The Company is engaged in acquisition, exploration and development of precious metal properties. The Company is focused on discovering, exploring and developing gold deposits in North America. The Company's core assets include New Polaris and Nevada Projects. The New Polaris assets include New Polaris gold mine located in North-western British Columbia, which has approximately 61 crown grants and one grid claim totaling over 3,050 acres, mineralizing in mesothermal gold vein system. The Nevada Projects portfolio includes Fondaway Canyon gold project located in Nevada, United State of America. The Fondaway Canyon property includes 136 mining claims, covering approximately 2,220 acres (898 hectares), in Churchill County, Nevada. The Fondaway Canyon property has approximately 591 drill holes, with information and down hole assays. These included over 8411 meters of drilling in approximately 49 holes.