Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) has reported 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 paleochannel is interpreted to extend across an area measuring approximately 7 kilometres by 5 kilometres eastward from the present-day river system.
To strengthen its technical team, the Company 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 expertise in sampling, geological evaluation, and resource estimation of alluvial gold systems in compliance with NI 43-101 standards, with experience from large-scale operations in South America, including projects operated by Mineros S.A. in Colombia.
The identification of the paleochannel follows a deeper drilling program designed to evaluate more prospective horizons beneath previously identified shallow, immature sand and gravel sequences. To date, the Company has completed approximately 21 reverse circulation drill holes on an approximate 1-kilometre spaced grid, together with 14 PQ-diameter drill holes on 250-metre spaced infill sections within selected target areas. Deeper drilling has penetrated vertical depths of up to 75 metres and intersected sedimentary units interpreted to form part of the paleochannel system, 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, as well as harder indurated ferruginous horizons interpreted to represent possible remnant Mocururu.
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 National Instrument 43-101 compliant mineral resource estimate.
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, sedimentary architecture, and depositional controls.
The Madeira River Project covers approximately 80 kilometres of prospective tenure east of the Madeira River, 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 cautions investors 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 the delineation of an economic mineral deposit.
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 Corp. and is not independent of the Company.
