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Canadian Gold Resources Set to Launch Maiden Diamond Drill Program at Flagship Lac Arsenault Gold Property
Dieppe, New Brunswick--(Newsfile Corp. - November 4, 2025) - Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadian Gold" or the "Company") is pleased to announce
About this update from Canadian Gold Resources Ltd.
[{"type":"text","content":" Dieppe, New Brunswick--(Newsfile Corp. - November 4, 2025) - Canadian Gold Resources Ltd. (TSXV: CAN) (\"Canadian Gold\" or the \"Company\") is pleased to announce that the maiden diamond drill program at its 100%-owned Lac Arsenault Property, located in Québec's Gaspé region, is scheduled to commence on November 10, 2025. The program will comprise a minimum of 3,000 metres of diamond drilling in at least 36 holes, targeting multiple high-priority zones along the Grand Pabos Fault system. The campaign is expected to span approximately four weeks, with initial assay results anticipated in Q1 2026. Management Commentary \"Initiating our maiden drill program at Lac Arsenault is a significant step forward for Canadian Gold,\" said Ronald Goguen, President and CEO. \"This program is designed to confirm the strength, continuity, and expansion potential of gold mineralization within this promising structural corridor—an essential step toward unlocking near-term value and advancing the project toward production readiness.\" The drill program is designed to achieve several key objectives: Modernize and validate historical data Canadian Gold intends to establish a comprehensive, NI 43-101-compliant database integrating assay results and QA/QC protocols. The program will twin select historical holes at the Baker Vien and Mersereau Vein and complete step-out drilling to verify grades, continuity, and data integrity. These results will support the advancement of a potential NI 43-101-compliant mineral resource estimate. Refine geological and structural understanding Drilling will further define the geometry, grade distribution, and continuity of mineralized zones by improving the interpretation of structural and lithological controls on gold mineralization. This work will test both lateral and vertical extensions of known zones, evaluate alteration patterns, and enhance the geological model that underpins future targeting and resource expansion. Expand mineralization along strike and at depth Using data from recent induced polarization (IP) and geophysical surveys, the program will target extensions of the gold-bearing structures at the Baker Vien and Mersereau Vein. The focus will be on step-outs and deeper holes aimed at confirming the strike and vertical continuity of mineralization and identifying new zones of potential discovery. About...