Canary Gold Identifies Large Paleochannel System and Hires Alluvial Gold Specialist for Madeira River Project

Canary Gold Corp. reports discovery of a large-scale paleochannel system at its Madeira River Gold Project in Brazil and engages alluvial gold expert Clara Maria Lamus Molina to strengthen exploration protocols.

SD Metrowire Staff
Business
Canary Gold Identifies Large Paleochannel System and Hires Alluvial Gold Specialist for Madeira River Project

Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) has announced that recent deeper drilling at its Madeira River Gold Project in Rondonia State, Brazil, has intersected significant vertical intervals of mature coarse sediments, supporting the interpretation of a large-scale paleochannel system. The Company has also engaged Clara Maria Lamus Molina, an internationally recognized geologist-engineer specializing in alluvial gold evaluation, to support exploration and sampling protocols.

The paleochannel system, interpreted to extend approximately 7 kilometres by 5 kilometres eastward from the present-day Madeira River, was identified through drilling that reached vertical depths of up to 75 metres. The Company has completed 21 reverse circulation drill holes on a 1-kilometre spaced grid and 14 PQ-diameter drill holes on 250-metre infill sections within selected target areas. Analytical results are pending.

The paleochannel includes mature sedimentary horizons up to 20 metres thick, consisting of rounded quartz pebble gravels and sands hosted within a ferruginous matrix containing ilmenite and organic material. Coarse gold-bearing gravels recovered from active dredging in the Madeira River show similarities to gravels from drill hole PQ-011.

Ms. Molina brings over 20 years of experience in sampling, geological evaluation, and resource estimation of alluvial gold systems in compliance with NI 43-101 standards. She has worked with large-scale placer and alluvial operations in South America, including projects operated by Mineros S.A. in Colombia. Her engagement will focus on reviewing drilling and sampling methodologies, designing representative sampling protocols for coarse gold environments, evaluating sedimentological controls on gold concentration, and supporting QA/QC procedures.

Mark Tommasi, President of Canary Gold, stated: “The engagement of a specialist alluvial gold consultant is a direct response to the technical progress we are seeing at Madeira. As our drilling continues to define what we interpret to be a large-scale paleochannel system, it is important that we build the sampling, QA/QC and geological evaluation framework correctly from the outset.” He added that alluvial and paleochannel-hosted gold systems require careful attention to sample representativity and sedimentary architecture.

The Madeira River Project covers approximately 80 kilometres of prospective tenure east of the Madeira River, an area with a history of artisanal gold dredging. Current exploration has only tested a limited portion of the land package. The Company’s technical focus is on improving understanding of stratigraphy, sedimentology, and geometry of interpreted paleochannels, with emphasis on coarser-grained sand and gravel horizons, iron-enriched intervals, and deeper sedimentary layers.

Sampling procedures currently involve centrifuge concentration at the Company’s facility in Porto Velho, with concentrates sent to SGS Laboratory in Vespasiano for fire assay analysis. The Company inserts certified reference materials, blanks, and field duplicates for quality control. The consultant’s review is expected to refine future sampling protocols and QA/QC procedures.

The Company cautions that exploration remains at an early stage and no mineral resource has been defined. The scientific and technical information has been reviewed by Andrew Lee Smith, P.Geo., a Qualified Person under NI 43-101, who serves as Executive Chairman of Canary Gold.

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