Canary Gold Corp. Identifies New Gold-Bearing Outcrops at Madeira River Project in Brazil
TL;DR
Canary Gold Corp's discovery of visible gold in new outcrops could provide early investors with a strategic advantage ahead of their 2026 drilling program.
Canary Gold Corp identified gold particles through preliminary panning, with samples now undergoing analysis at SGS and ODM laboratories to verify results.
This exploration in Brazil's Madeira River basin could lead to responsible gold development, potentially benefiting local communities through future economic opportunities.
Canary Gold Corp found visible gold in iron-cemented gravels called Mocururu, historically known for gold in Brazil's Madeira River region.
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Canary Gold Corp. has reported the identification of new 'Mocururu' outcrops at its Madeira River Project in Rondônia, Brazil. Preliminary panning of samples from these outcrops resulted in the visual observation of gold particles in concentrates. The company emphasized that visual gold is a qualitative observation only and does not confirm grade, continuity, or economic significance.
The newly identified outcrops are situated within a belt interpreted by the company's geological team as exhibiting the most favorable geological characteristics observed to date adjacent to the right bank of the Madeira River. These discoveries support the company's hypothesis that sediments prospective for gold, originating from Andean erosion, have accumulated over time within the Madeira River basin.
Additional duplicate and replicate samples are being prepared for analysis at SGS Laboratory in Brazil and for physical examination at Overburden Drilling Management Ltd., an internationally recognized Canadian laboratory specializing in heavy-mineral concentrate assessments. The company's phased exploration strategy will be further evaluated during the major drilling program scheduled to commence in early 2026 across its extensive tenement holdings.
Mark Tommasi, President of Canary Gold, stated that these new Mocururu discoveries fit directly into the broader exploration strategy and provide further justification for the significant drill campaign planned for early 2026. The company holds an option to earn up to a 70% undivided interest in the Rio Madeira Project through staged exploration expenditures and milestone payments.
In August 2025, the company advanced its regional strategy by entering into a definitive agreement to acquire a 100% interest in ten additional mineral tenements totaling approximately 94,700 hectares from Talisman Venture Partners Ltd. The total consideration of CAD $1.7 million is being satisfied through staged cash and share payments. Together, these interests provide Canary Gold with a dominant and strategically consolidated land position in the Madeira River region of Rondônia State.
The scientific and technical information contained in the announcement has been reviewed and approved by Andrew Lee Smith, P.Geo., Executive Director of Canary Gold Corp., who is a Qualified Person as defined under National Instrument 43-101. The company cautioned that the information disclosed relates to early-stage exploration results, and heavy-mineral analyses and field-based observations do not provide quantitative gold grades and cannot be used to estimate mineral resources.
Visible gold described in the release is a qualitative field observation only and does not confirm grade, continuity, or the presence of economic mineralization. Quantitative determination of gold content requires fire-assay analysis and appropriate QA/QC procedures. Any reference to potential mineralization is conceptual in nature, as there has been insufficient exploration to define a mineral resource.
Curated from NewMediaWire
