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Canary Gold Positioned for Initial Drill Testing and "Mocururu" horizon outcrop within Canary Tenement identified and sampled
Vancouver, British Columbia, March 28, 2025 – TheNewswire - Canary Gold Corp. (CSE: BRAZ, Frankfurt: K5D) (the “Company” or “Canary Gold”) is pleased to announc
About this update from Canary Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia, March 28, 2025 – TheNewswire - Canary Gold Corp. (CSE: BRAZ, Frankfurt: K5D) (the “Company” or “Canary Gold”) is pleased to announce progress with its exploration endeavors. The Company is set to begin initial drill testing on selected targets at its flagship Madeira River Gold Project in Rondônia, Brazil. The Madeira River Project encompasses some 684.45 square kilometres of contiguous exploration ground, selected and consolidated by the Company based on its prospectivity for the discovery of gold mineralization, south of the city of Porto Velho in the Brazilian state of Rondônia (see Figure 1 below). Gold mineralization being targeted by Canary is associated with paleochannel deposits (preserved under shallow cover) located within the influence of the modern and ancient Madeira River system and its tributaries. The gold-bearing sand and gravel horizons are of fluvial origin, deposited on bars within active channels incised into and forming depressions within crystalline basement. Besides gravel, gold is also found in quartz-pebble conglomerate and in a widespread flat to shallow dipping iron rich (limonite – siderite) rich duricrust, which is locally named “Mocururu”. Figure 1 - Map showing Canary Gold´s Madeira River Project Area Tenement Position, please note the location of the historical Zelia and San Antonio Garimpo Gold Workings. Exploration Highlights Canary geologists recently identified and sampled an outcrop of the targeted gold-bearing \"Mocururu\" horizon for the first time within Canary’s exploration tenements, strengthening confidence in the Company’s targets beneath shallow cover across its extensive tenements package. Outcropping \"Mocururu\" within Canary’s tenement area is considered a rare occurrence, as this horizon is generally flat-lying and buried beneath cover sequences of varying thicknesses (10-20m). Identified and sampled the \"Mocururu\" horizon and associated prospective sedimentary formations within the old \"Zelia\" garimpo outside the southern limit of Canary’s tenements but up the interpreted paleo-current direction. Completion of a regionally focused comprehensive review of known gold occurrences and areas of active gold extraction in areas contiguous with and/or influenced by the active and ancient Madeira River system and tributaries. ...