Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) has provided an update on exploration at its Madeira River Gold Project in Rondonia State, Brazil, reporting that recent deeper drilling has intersected significant vertical intervals—up to 20 metres thick—of targeted mature coarse sediments, including gravels and sands. These findings support the Company’s interpretation of a large-scale paleochannel system associated with the Madeira River, extending across an area measuring approximately 7 kilometres by 5 kilometres eastward from the present-day river system.
To strengthen its technical team, Canary Gold has engaged Clara Maria Lamus Molina, an internationally recognized geologist-engineer and specialist in the evaluation and sampling of alluvial gold deposits. With over 20 years of experience in sampling, geological evaluation, and resource estimation of alluvial gold systems in compliance with NI 43-101 standards, Ms. Molina has worked with large-scale placer and alluvial operations in South America, including projects operated by Mineros S.A. in Colombia. Her engagement is intended to support the establishment of robust exploration, sampling, analytical, and QA/QC procedures appropriate for large-scale alluvial gold systems, with emphasis on representative sampling in particulate and coarse gold environments.
The identification of the paleochannel system follows the Company’s previously announced geological targeting strategy and deeper drilling program, designed to evaluate more prospective horizons beneath shallow, immature sand and gravel sequences. To date, the Company has completed approximately 21 reverse circulation (RC) drill holes on an approximate 1-kilometre spaced grid, together with 14 PQ-diameter drill holes on approximately 250-metre spaced infill sections within selected target areas. Analytical results from the current drilling program remain pending and will be reported once received and reviewed.
Deeper drilling has penetrated to vertical depths of up to 75 metres and intersected sedimentary units interpreted as part of a large-scale paleochannel system across an area measuring approximately 7 kilometres by 5 kilometres. The paleochannel system includes mature sedimentary horizons up to 20 metres thick, consisting of rounded quartz pebble gravels and sands hosted within a ferruginous matrix containing ilmenite and organic material, as well as harder indurated ferruginous horizons interpreted to represent possible remnant Mocururu.
Ms. Molina will work with Canary’s technical team to review current drilling, sampling, and concentrate preparation methodologies; assist in the design of representative sampling protocols for coarse gold and alluvial depositional environments; evaluate sedimentological and depositional controls on gold concentration; support refinement of QA/QC and chain-of-custody procedures; assist with geological modeling and future resource evaluation workflows; and support the Company’s objective of positioning the Project for a potential future NI 43-101 compliant mineral resource estimate, subject to continued exploration success.
Mark Tommasi, President of Canary Gold, commented: “The engagement of a specialist alluvial gold consultant is a direct response to the technical progress we are seeing at Madeira. As our drilling continues to define what we interpret to be a large-scale paleochannel system, it is important that we build the sampling, QA/QC and geological evaluation framework correctly from the outset.” He added that alluvial and paleochannel-hosted gold systems require careful attention to sample representativity, gold particle size distribution, sedimentary architecture, and depositional controls.
The Madeira River Project covers approximately 80 kilometres of prospective tenure east of the Madeira River in an area with a long history of historic and active artisanal gold dredging operations. Current exploration has tested only a limited portion of the broader land package. The Company cautions investors that exploration at Madeira remains at an early stage; no mineral resource has yet been defined, and there can be no assurance that continued exploration will result in the delineation of an economic mineral deposit.
Sampling and analytical procedures include centrifuge concentration at the Company’s facility in Porto Velho, with concentrates submitted to SGS Laboratory in Vespasiano, Belo Horizonte, for low-detection fire assay analysis. The Company inserts certified reference materials, blanks, and field duplicates to monitor accuracy and precision. The scientific and technical information in this news release has been reviewed and approved by Andrew Lee Smith, P.Geo., a Qualified Person as defined by NI 43-101.
