Business
Goldcana Resources Reports Results from Phase I Exploration on the Triple F Gold Project
White Rock, British Columbia--(Newsfile Corp. - March 19, 2026) - Goldcana Resources Inc. (CSE: GC) ("Goldcana" or the "Company") is pleased to announce that it
About this update from Goldcana Resources Inc.
[{"type":"text","content":" White Rock, British Columbia--(Newsfile Corp. - March 19, 2026) - Goldcana Resources Inc. (CSE: GC) (\"Goldcana\" or the \"Company\") is pleased to announce that it has completed the Phase I exploration program on the Triple F Gold Project (the \"Property\" or the \"Project\"). The Triple F Gold Property is located in southern British Columbia, approximately 28 km northwest of Kelowna. Historic exploration on the Property identified an area of gold-bearing quartz veinlets hosted by weakly altered volcanic agglomerate. On the basis of historic trenching and drilling, gold mineralization has been identified within a 300 x 250 x 250 m area. The zone remains open in all directions, including to depth. Gold is erratically distributed, with numerous narrow intervals of high-grade mineralization within the large mineralized area. Historic drill intercepts include 10.97 m averaging 0.58 g/t gold, 5.03 m averaging 1.07 g/t gold and 9.75 m averaging 0.50 g/t gold (all in hole DDH88-04), 8.84 m averaging 0.69 g/t gold (DDH88-02) and 7.92 m averaging 0.57 g/t gold (DDH89-15), and 3.05 m averaging 3.17 g/t gold (DDH88-06).1,4 The best results from historic trenching include 9.77 g/t gold over 4.0 m and 3.12 g/t gold over 6.0 m.2,3,4 These grades, combined with the overall size of the system, suggest potential for a low-grade bulk-tonnage gold system on the Property. The Company's Phase 1 exploration program consisted of: geological mapping of the central portion of the Project at a scale of 1:1,000 (12.5 hectares) and 1:5,000 (251 hectares); a property-wide geochemical survey consisting of 785 soil samples, four stream sediment samples, and 50 rock samples; petrographic analysis of nine samples taken from a historic trench on the Property; and recovery and processing of historic induced polarization survey data. Geological Mapping Geological mapping was completed to better understand controls to gold mineralization. A weak shear fabric in outcrop indicates a potential vector for mineralization. Outcrop is limited within the project area and the often-recessive nature of these shear structures/features hinders exploration and suggests the need for future trenching. Follow-up in an area of shear fabric and carbonate alteration, both characteristic of shear-hosted gold mineralization, led to a grab sample from outcrop (J040635) which ret...