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Canary Gold Reports Visible Gold in Panned Samples from Initial Air Core Drilling at Madeira River Project, Brazil
Vancouver, British Columbia – TheNewswire - April 21, 2025 – Canary Gold Corp. (CSE: BRAZ | Frankfurt: K5D) (“Canary Gold” or the “Company”) is pleased to annou
About this update from Canary Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - April 21, 2025 – Canary Gold Corp. (CSE: BRAZ | Frankfurt: K5D) (“Canary Gold” or the “Company”) is pleased to announce the successful completion of the first three (3) reconnaissance air core drill holes from the ongoing 1,000-metre 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 release dated April 4, 2025.) Exploration Highlights Visible gold grains were recovered through manual panning of drill cuttings derived from split air core samples from Hole 3, which targets the Mocururu horizon. This positive visual confirmation of gold from pan concentrates validates the exploration model and supports the broader potential for gold concentration within preserved paleochannel systems across the Company’s 68,445-hectare tenement package Panned material and split samples are being processed and will be submitted to SGS Geosol laboratories in Vespasiano, Belo Horizonte for assay. Panning protocols and oversight procedures for sample processing were established and monitored by Rodrigo Mello, FAusIMM, (Qualified Person under 43-101) in accordance with CIM Best Practice Guidelines (2018). Figure 1. Visible gold grains from pan concentrate, Hole 3. Technical Summary Holes 1 and 2, drilled 500m apart on an east-west drill fence, encountered ~2 m of soil cover overlying up to 10 m of oxidized clay-rich silts, followed by a thick sequence of black, water saturated, fine-grained, organic-rich clay with occasional sandy horizons and sporadic quartz/chert pebbles. These are interpreted as paleochannel or oxbow lake deposits formed under stagnant water conditions. Drilling was terminated above the basement interface due to depth limitations of the air core rig (Hole 1: 60 m; Hole 2: 38 m). Hole 3, drilled a further 500m east of hole 2 on the same initial east-west fence, reached a total depth of 36 m. Below 1–2 m of surface soil, the hole intersected ~32 m of oxidized, pale orange to red-brown, unconsolidated to semi-consolidated fluvial sands and silts, underlain by a 1–2 m interval of indurated, ferruginized, conglomeratic s...