Canarc Resource Corp.: Shareholder Update-Review of Second Quarter and Outlook for Third Quarter, 2012

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/17/12 -- Bradford Cooke, Chairman and CEO of Canarc Resource Corp. (TSX: CCM)(OTCBB: CRCUF)(FRANKFURT: CAN), is pleased to provide the following review of Canarc's progress in the 2nd Quarter, and its plans for the 3rd Quarter, 2012.

Q2 Review

Q3 Outlook

Canarc Resource Corp.

Bradford Cooke, Chairman and CEO

About Canarc Resource Corp. - Canarc Resource is a growth-oriented, gold exploration company listed on the TSX (CCM) and the OTC-BB (CRCUF). The Company is currently focused on exploring its four gold properties in central BC and the Tay LP gold property in the Yukon Territory. Canarc is also seeking a partner to advance its 1.1 million oz, high grade, underground, New Polaris gold mine project in British Columbia to the feasibility stage.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include, but are not limited to, statements regarding Canarc's future performance, including anticipated revenues, cash costs, capital costs, gold production, timing and expenditures to develop new mines and mineralized zones, gold grades and recoveries, and the use of the Company's working capital. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.



Contacts:
Canarc Resource Corp.
Gregg Wilson
Vice President, Investor Relations
Toll Free: 1-877-684-9700 or (604) 685-9700
(604) 685-9744 (FAX)

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 17.07.2012 - 12:19 Uhr
Sprache: Deutsch
News-ID 165859
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VANCOUVER, BRITISH COLUMBIA

Kategorie:

Mining & Metals

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