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Canary Gold Provides Exploration Update from ongoing Air Core Drilling at Madeira River Project, Brazil
Vancouver, British Columbia – May 14, 2025 – TheNewswire - Canary Gold Corp. (CSE: BRAZ | Frankfurt: K5D) (“Canary Gold” or the “Company”) is pleased to provide
About this update from Canary Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia – May 14, 2025 – TheNewswire - Canary Gold Corp. (CSE: BRAZ | Frankfurt: K5D) (“Canary Gold” or the “Company”) is pleased to provide an exploration update from its ongoing 1,000-metre reconnaissance phase air-core drilling program at the Company’s flagship Madeira River Gold Project, located in Rondônia, Brazil. This drilling represents the first systematic subsurface test of the targeted paleochannel and “Mocururu” stratigraphic horizons interpreted to be preserved beneath shallow cover. (See the Company’s previous news releases dated April 4 and April 21, 2025.) Exploration Highlights 15 reconnaissance air-core holes with a combined meterage of 682m have been completedtodateoveranareaofsquarekilometers. The Company can report visible gold in pan concentrates* prepared from samples from 6 points across the area covered by reconnaissance drilling to date. (*note only 60 samples from two holes (holes 1 and 2) and 2 samples from surface outcrops have been panned to date). Aspreviouslycommunicated(April21,2025)thisdrillinghasvalidatedthe Company´sexplorationmodelthroughthedelineationof1.25kmwide,northsouth trendingpaleochannel overthewesternportionoftheareaand theidentificationof the Mocururuformationoutcroppingandpreservedundershallowcoveracross2.75km wide section. The preliminary results above support the potential for gold concentration within preserved paleochannelsystemsacrosstheCompany’sextensive68,445-hectaretenement package. Figure 1. Visible gold grains from pan concentrate, Mocururu Outcrop near Hole 4. Mark Tommasi, President of Canary Gold, stated, “The presence of visible gold in six separate locations within an area representing less than 0.5% of our 66,000-hectare tenement package is a compelling early indication of scale. These preliminary results validate our exploration model and reinforce the district-scale potential of the Madeira River Project as we work to unlock long-term value for shareholders.” Figure 2. Canary Gold´s Madeira River Project Area Tenement Package showing the location of the ongoing reconnaissance Air Core Drilling Program centered on Tenement 012. Preliminary Observations To date, some 15 air-core holes with a combined meterage of 682m have been completed across two drill fences spaced approximately 2km apart with air core drill hole spacing...