# Canagold Files Feasibility Study Report for the New Polaris Project

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/canagold-files-feasibility-study-report-for-the-new-polaris-project--389ce3f5-f875-4996-8393-3e510eb7266c

Original source: https://money.tmx.com/en/quote/CCM/news/8917672364404479/canagold-files-feasibility-study-report-for-the-new-polaris-project

Publisher: tmx

Original announcement: 2025-09-03T19:21:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Canagold Resources Ltd.

- Ticker: CCM

- Exchange: TSX

- Region: British Columbia

- Primary commodity: Gold

- Secondary commodities: Antimony

- Document categories: Resource update

- Extracted: 2026-08-25 02:54:13 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Canagold Resources has filed a NI 43-101 compliant Feasibility Study for the New Polaris gold-antimony project in British Columbia. The study indicates a high-grade underground mine with an after-tax NPV of $425 million at a $2,500 gold price and 904,000 ounces of contained gold.

Reasoning: The filing of a Feasibility Study for a high-grade underground gold project with strong economics \(30.9% IRR\) is a major de-risking milestone.

- Positive factor: Strong NPV and IRR metrics

- Positive factor: High-grade underground mine profile

- Positive factor: Low AISC relative to gold price

- Positive factor: NI 43-101 compliant feasibility study

- Negative factor: Results were partially pre-announced in July 2025

Facts used in scoring: 1

## Classification and evidence

**DFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: The document announces the filing of a Feasibility Study, which is the basis for a Definitive Feasibility Study/Project development.

Evidence · text

> Canagold Files Feasibility Study Report for the New Polaris Project

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Garry Biles, P.Eng, is named as the Qualified Person who prepared and approved the technical content.

Evidence · text

> Garry Biles , P.Eng, President & COO is the Qualified Person for the Company

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The report is explicitly stated to be compliant with National Instrument 43-101 Standards of Disclosure.

Evidence · text

> The Report, titled “New Polaris Project, NI 43-101 Technical Report & Feasibility Study” is compliant with National Instrument 43-101

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Resource Estimates (1)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/canagold-files-feasibility-study-report-for-the-new-polaris-project--389ce3f5-f875-4996-8393-3e510eb7266c#fact-resource-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: CCM

#### Resource Data

- Category: indicated
- Grade: 9.94
- Grade Unit: g/t
- Contained Metal: 904000
- Contained Unit: ounces

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: LOM diluted grade of 9.94 g/t is exceptionally high for an underground mine.

- Positive factor: High LOM diluted grade

Evidence · text

> High-grade underground mine averaging a LOM diluted grade of 9.94 g/t gold containing 904,000 ounces of Gold

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.