Canarc Resource Corp. entered into an agreement with Barrick Gold Corp. unit Barrick Gold Inc. and Skeena Resources Ltd. regarding its interest in certain mining claims adjacent to the past-producing Eskay Creek gold property in British Columbia.
Canarc and Barrick own 33.33% and 66.67% interests, respectively, in six claims and mining leases totaling 2,323 hectares at Eskay Creek.
Canarc said Dec. 20 that it will retain its 33.33% carried interest in the claims through the deal between Barrick and Skeena, under which Skeena can acquire Barrick's Eskay Creek property, while Barrick's 66.67% interest in the adjacent claims will shift to Skeena on meeting certain obligations under the agreement.
