Business
Canadian Goldfields Closes Acquisition of Newton Gold Property in Ontario
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - Canadian Goldfields Discovery Corp. (TSXV: CGM) (OTCQB: CGMXF) (the "Company") is pleased to announce that it has completed its acquisition of the highly prospective Newton Gold Property, located in Ontario, pursuant to the terms of an amalgamation agreement dated April 28, 2026 (the "Amalgamation Agreement") among the Company, a wholly-owned subsidiary of the Company and privately held Newton Gold Corp. ("Newton Gold").Highlights of
About this update from Canadian Goldfields Discovery Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - Canadian Goldfields Discovery Corp. (TSXV: CGM) (OTCQB: CGMXF) (the "Company") is pleased to announce that it has completed its acquisition of the highly prospective Newton Gold Property, located in Ontario, pursuant to the terms of an amalgamation agreement dated April 28, 2026 (the "Amalgamation Agreement") among the Company, a wholly-owned subsidiary of the Company and privately held Newton Gold Corp. ("Newton Gold").","length":517,"tagName":"p"},{"type":"text","content":"Highlights of the Newton Gold Property:","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Historic drill results (from the eight-hole 2010 drill program) include 35m at 4.05 g/t Au including 15.42m at 7.76 g/t Au in drill hole RPX10-2 and 40m at 2.65 g/t Au in drill hole RPX-10-08 (true widths are unknown).*","length":219,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":219,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Excellent location within the Swayze Greenstone Belt, considered a southwest extension of the prolific Abitibi Greenstone Belt, home to multiple Tier One mines.","length":160,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":160,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Despite being highly prospective, with high grade drill results historically reported, drilling has been limited in known zones with additional high priority targets completely undrilled.","length":187,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":187,"olType":false},{"type":"text","content":"About the Newton Gold Property:","length":31,"tagName":"p"},{"type":"text","content":"The Newton Gold Property is located approximately 100 kilometres (km) southwest of the city of Timmins and 36 km south of the town of Foleyet, Ontario. The property comprises 2 fee simple patented claims that cover an area of approximately 7,029 hectares (ha).","length":260,"tagName":"p"},{"type":"text","content":"Geology, Mineralization and Deposit Type:","length":41,"tagName":"p"},{"type":"text","content":"The Newton Gold Property lies within the Swayze Greenstone Belt ("SGB") which is considered a southwest extension of the Abit...