Canary Gold Corp. announced the installation and commissioning of a second centrifuge at its exploration sampling facility in Porto Velho, Rondonia, Brazil. This expansion is expected to increase sample processing capacity and support the company's ongoing and expanding reconnaissance drilling programs at its Madeira River Project.
The company is advancing a systematic exploration program across its district-scale land package, targeting approximately 80 kilometres of interpreted gold-bearing stratigraphy associated with the Madeira River system. The enhanced processing capability is intended to improve turnaround times and enable more efficient handling of increasing sample volumes as field activities continue to scale. The Madeira River Project remains a central focus of the company's exploration strategy, with ongoing programs designed to rapidly evaluate and prioritize targets across the broader project area using a data-driven approach.
"We are pleased to have installed a second centrifuge at our Porto Velho facility, which represents another important step in scaling our exploration activities at the Madeira River Project," said Mark Tommasi, President of Canary Gold. "This additional capacity is expected to enhance our ability to process samples efficiently and support the continued advancement of our reconnaissance drilling efforts across the project."
The company holds an option to earn up to a 70% undivided interest in the Rio Madeira Project through a series of staged exploration expenditures and milestone payments. In August 2025, Canary further expanded 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., a private British Columbia corporation. The total consideration of CAD $1.7 million has been satisfied through staged cash and share payments. Talisman retains a 1.0% net smelter return royalty on future production from the acquired tenements, one-half of which may be repurchased by the company at any time for CAD $1.0 million.
Together, these interests provide Canary Gold with a dominant and strategically consolidated land position in the Madeira River region of Rondônia State - one of Brazil's most prospective yet underexplored gold provinces. The company will continue to provide updates as results from its ongoing exploration programs become available. The scientific and technical information contained in the announcement has been reviewed and approved by Andrew Lee Smith, P.Geo., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
