Canada Resources has been awarded in September 2015 its application for four (4) prospecting licenses near Donegal, Ireland. At this time, the company is developing a prospecting plan for grassroots exploration based on the regional geology and historical exploration work in the license areas. The primary search is for precious metals (Gold, Silver).
The four prospecting licenses (PL-2803, PL-3971, PL-3979 and PL-3978) cover an approximate area of 166 square kilometers, or 16,500 hectares. The northwest and central area of the licenses are dominated by mountainous terrain of the relatively uninhabited Bluestack Mountains. Lowlands to the south and southeast near Lough Eske represent more inhabited, forested areas with flatter relief. The main Donegal N15, Strabane road, and local access roads give limited access throughout the license areas.