Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) has announced that recent deeper drilling at its Madeira River Gold Project in Rondônia State, Brazil, has intersected significant vertical intervals—up to 20 meters thick—of mature coarse sediments including gravels and sands, supporting the interpretation of a large-scale paleochannel system associated with the Madeira River. Based on drilling completed to date, the company interprets the paleochannel to extend across an area measuring approximately 7 kilometers by 5 kilometers, eastward from the present-day Madeira River system.
To strengthen its technical team, Canary Gold has engaged Clara Maria Lamus Molina, an internationally recognized geologist-engineer and specialist in the evaluation and sampling of alluvial gold deposits. Ms. Molina brings over 20 years of specialized expertise in sampling, geological evaluation, and resource estimation of alluvial gold systems in compliance with NI 43-101 standards. She has extensive experience with large-scale producing placer and alluvial operations in South America, including projects operated by Mineros S.A. in Colombia.
The 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. Ms. Molina will work with Canary’s technical team to review current drilling and sampling methodologies, assist in designing representative sampling protocols, evaluate sedimentological and depositional controls on gold concentration, support refinement of QA/QC and chain-of-custody procedures, and assist with geological modeling and future resource evaluation workflows.
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.” He added that alluvial and paleochannel-hosted gold systems require careful attention to sample representativity, gold particle size distribution, and sedimentary architecture.
To date, the company has completed approximately 21 reverse circulation (RC) drill holes on an approximate 1-kilometer spaced grid, together with 14 PQ-diameter drill holes on approximately 250-meter spaced infill sections within selected target areas. Deeper drilling has penetrated to vertical depths of up to 75 meters and intersected sedimentary units interpreted to form part of the paleochannel system, including mature sedimentary horizons up to 20 meters thick consisting of rounded quartz pebble gravels and sands hosted within a ferruginous matrix containing ilmenite and organic material, as well as harder indurated ferruginous horizons.
Analytical results from the current drilling program remain pending and will be reported once received, compiled, and reviewed. The company cautions investors that exploration at Madeira remains at an early stage. No mineral resource has yet been defined, and there can be no assurance that continued exploration will result in the delineation of an economic mineral deposit.
The Madeira River Project covers approximately 80 kilometers 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 has tested only a limited portion of the broader land package.
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.
