Canada Resources PLC focuses on developing mining opportunities primarily in Ontario, Canada. While headquartered in Dublin, Ireland, the Company’s main asset is its option to purchase a Net Smelter Royalty (1.5%) in a historic Niobium (Nb) deposit 165 kilometres west of Timmins , Ontario. Canada Resources also maintains a 100% interest in the two thousand acre Otto property in the Kirland Lake mining camp, in northern Ontario.
- Canada Resources PLC holds an option to purchase a 1.5% Net Smelter Right (NSR) in the Nemegosenda Niobium property. The Nemegosenda property is located 20 km north east of Chapleau. Through extensive historic drilling and through recent test drills the Nemegosenda resource is seen as having the potential to become a significant niobium resource. The claims extend over 3,478 hectares (9,000 acres) in Chewett, Collins and McGee townships in the province of Ontario.
- The Otto gold property is located in the heart of the Kirkland Lake mining camp, noted for its historic gold production, approximately five kilometres south of Kirkland Lake. Currently, Canada Resources plc is performing geophysical surveys on the property to pinpoint drilling targets.
- The Company has made application for mineral exploration rights in a 95 square mile concession in the Blue Stack Mountains, north of Donegal, Ireland, where the company sees potential gold targets.
- The Company is actively involved in viewing mineral exploration opportunities in Ghana and Nigeria.