Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) announced that recent deeper drilling at its Madeira River Gold Project in Rondonia State, Brazil, 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 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 specializing in the evaluation and sampling of alluvial gold deposits. With over 20 years of experience, Ms. Molina has worked on large-scale producing 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.
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.”
The identification of the paleochannel system follows the company's previously announced geological targeting strategy and deeper drilling program. To date, Canary has completed approximately 21 reverse circulation (RC) drill holes on an approximate 1-kilometre spaced grid, along with 14 PQ-diameter drill holes on roughly 250-metre spaced infill sections within selected target areas. Drilling has penetrated to vertical depths of up to 75 metres, intersecting 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.
Ms. Molina will work with Canary's technical team to review current drilling and sampling methodologies, design representative sampling protocols for coarse gold environments, evaluate sedimentological controls on gold concentration, refine QA/QC and chain-of-custody procedures, assist with geological modelling, and support the objective of positioning the project for a potential future NI 43-101 compliant mineral resource estimate.
The Madeira River Project covers approximately 80 kilometres of prospective tenure east of the Madeira River, an area with a long history of artisanal gold dredging operations. Current exploration has tested only a limited portion of the broader land package. The company cautions that exploration remains at an early stage, with no mineral resource yet defined, and there can be no assurance that continued exploration will result in an economic deposit.
Analytical results from the current drilling program remain pending and will be reported once received and reviewed. The scientific and technical information in this news release has been reviewed and approved by Andrew Lee Smith, P.Geo., a Qualified Person under NI 43-101, who serves as Executive Chairman of Canary Gold.
