Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) has received additional technical observations and recommendations from Clara Maria Lamus Molina, an internationally recognized geologist-engineer specializing in alluvial gold deposits. The review provides a practical roadmap to advance the Rio Madeira Project from preliminary geological observations toward systematic, auditable technical data, supporting the Company's view that Rio Madeira represents a prospective large-scale alluvial exploration target.
The review highlights several positive indicators, including active alluvial gold mining within the Madeira River system and visible free gold observed during inspections. It identifies favorable gravel intervals and geomorphological features compatible with alluvial plains, terraces, paleochannels and high-energy channel environments. Paleochannels and coarse-gravel systems are prioritized targets for alluvial gold concentration. The review recommends sonic drilling as a preferred validation tool in priority target areas, along with recovered-volume control, standardized logging, granulometry, gold-particle classification, QA/QC and chain-of-custody procedures. Geological-volumetric modelling is identified as a key step toward future resource-readiness.
Mark Tommasi, President of Canary Gold, commented: “Rio Madeira exhibits several characteristics commonly associated with alluvial gold systems, including interpreted paleochannel targets, favourable gravel horizons and active alluvial mining within the broader Madeira River region. The next step is disciplined validation. Ms. Molina’s review gives us a clear technical pathway to test the project in a way that is systematic, auditable and meaningful for investors.”
Alluvial gold systems are evaluated on a volumetric basis, where the size and continuity of the paleochannel, thickness of favourable gravels, recoverable gold content, stripping ratio, processing efficiency and throughput are important. The Company's objective is to define the channel, measure the gravel, validate the grade, test recovery and build the database step by step. As announced on June 10, 2026, recent deeper drilling intersected targeted mature coarse sediments, supporting the interpretation of a large-scale paleochannel system.
The review also recommends a practical sample-processing workflow, including screening through a 1/8-inch mesh, washing and concentration via skilled panning or gravity-concentration equipment, with gold-particle classification and use of a particle-size-to-weight calibration chart. The Company continues to refine its sampling and analytical procedures to establish a representative, repeatable and auditable workflow appropriate for alluvial gold environments.
Canary has reviewed mature alluvial systems such as the Nechí project in Colombia, operated by Mineros S.A., as a technical benchmark for how alluvial systems can be evaluated and advanced when sufficient drilling, volume control, recovery testing, mine planning and QA/QC have been completed. The Company cautions that Nechí is not located on or adjacent to the Madeira River Project and is materially more advanced; no inference should be drawn that the Madeira River Project hosts comparable mineralization.
Management believes the Madeira River Project represents an early-stage alluvial gold exploration project with multiple targets requiring further technical validation. The Company is now reviewing budgets, logistics, access and sequencing for a priority sonic-drilling and sample-processing program. Investors are cautioned that exploration remains at an early stage, no mineral resource has been defined, and there can be no assurance that continued exploration will result in an economic mineral deposit.
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 National Instrument 43-101. Mr. Smith is not independent as he serves as Executive Chairman of Canary Gold Corp.
About Canary Gold Corp.: Canary Gold Corp. is a Canadian public exploration company focused on gold projects in Brazil. It holds an option to earn up to a 70% undivided interest in the Rio Madeira Project and has expanded its regional strategy by acquiring a 100% interest in ten additional mineral tenements totaling approximately 94,700 hectares from Talisman Venture Partners Ltd. For further information, contact Mark Tommasi at (604) 318-1448 or visit www.canarygold.ca.
