Canarc Resource to Retain Stake in Claims Near Eskay Creek Mine

Canarc Resource Corp. (TSX:CCM) announced that it has entered into an agreement with Barrick Gold Inc. (TSX:ABX,NYSE:ABX) and Skeena Resources Ltd. (TSXV:SKE) regarding its 33.33-percent carried interest in certain mining claims adjacent to BC’s past-producing Eskay Creek gold mine.
As quoted in the press release:

Canarc and Barrick own respectively 33.33% and 66.67% interests in 6 claims and mining leases totaling 2323 hectares at Eskay Creek. The past producing Eskay Creek Gold mine was the richest gold-silver mine in the world in the 1990’s and produced 3.3 million ounces of gold and 160 million ounces of silver from 2.2 million tonnes of ore during a 14 year mining operation.
Through the recently signed agreement, Canarc will retain its 33.33% carried interest while Barrick’s 66.67% interest will pass to Skeena Resources Ltd when Skeena has met its obligations per the Option Agreement it recently signed with Barrick and announced in its news release of December 18, 2017.

Click here to read the full Canarc Resource Corp. (TSX:CCM) press release.