Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) announced today that recent deeper drilling at its Madeira River Gold Project in Rondonia State, Brazil, has intersected significant vertical intervals of mature coarse sediments, supporting the interpretation of a large-scale paleochannel system associated with the Madeira River. The company reports that drilling has defined a paleochannel 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 specializing in alluvial gold deposit evaluation and sampling. 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 role will focus on establishing robust exploration, sampling, analytical, and quality assurance/quality control (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. To date, Canary 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. Deeper drilling has reached vertical depths of up to 75 metres and intersected sedimentary units interpreted to form part of the paleochannel, including 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.
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.”
Ms. Molina will work with Canary’s technical team to review current drilling, sampling, and concentrate preparation methodologies; assist in designing 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 modelling 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.
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 activities have tested only a limited portion of the broader land package. The company continues to advance drilling programs focused on defining the geometry and extent of interpreted paleochannel systems and identifying sedimentary environments favorable for potential gold concentration.
Technical work is focused on improving understanding of stratigraphy, sedimentology, and geometry of interpreted paleochannel systems. Particular attention is given to coarser-grained sand and gravel horizons, iron-enriched intervals, heavy mineral-bearing horizons, and deeper, more mature sedimentary layers that may represent favorable depositional environments for gold concentration. The company cautions investors that exploration at Madeira remains at an early stage, and no mineral resource has yet been defined.
Following geological logging of recovered drill material, samples are selected from intervals intersecting targeted coarser-grained sand and gravel horizons. Concentrate samples are prepared using centrifuge concentration at the company’s sample preparation facility in Porto Velho, Rondonia, and submitted to SGS Laboratory in Vespasiano, Belo Horizonte, Minas Gerais, for low-detection fire assay analysis. The company inserts certified reference materials, blanks, and field duplicates to monitor analytical accuracy and precision. The consultant’s review is expected to assist in refining future sampling protocols and QA/QC procedures.
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. Mr. Smith serves as Executive Chairman of Canary Gold and is not independent of the company.
