Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) has received additional technical observations and recommendations from Clara Maria Lamus Molina, an internationally recognized geologist-engineer specializing in evaluation and sampling of alluvial gold deposits, the company announced June 25, 2026. The review supports the company’s view that Rio Madeira represents a prospective large-scale alluvial exploration target and provides a practical roadmap to advance from preliminary geological observations toward systematic, representative and auditable technical data.
The review highlights several positive indicators at the Madeira River Project, including active alluvial gold mining observed within the Madeira River system and visible free gold during inspection of active mining operations. Favorable gravel intervals have been identified, and geomorphological features compatible with alluvial plains, terraces, paleochannels and high-energy channel environments were noted. Paleochannels and coarse-gravel systems are prioritized as targets for alluvial gold concentration.
A central recommendation is the use of sonic drilling in priority target areas. According to the company, sonic drilling is well suited to unconsolidated alluvial environments because it can improve sample recovery, preserve stratigraphic relationships, reduce interval contamination, improve fine-material recovery and support more accurate measurement of recovered sample volume. These factors are critical in alluvial gold exploration, where gold distribution can be irregular and reliable evaluation depends on representative sampling, volume control and repeatable recovery methods.
Future work is expected to focus on systematic sonic drilling in priority areas, metre-by-metre geological logging, recovered-volume measurement by interval, controlled sample processing and gravity concentration, gold-particle recovery, classification and weighing, laboratory validation of selected samples, robust QA/QC and chain-of-custody procedures, and geological-volumetric modelling.
Mark Tommasi, President of Canary Gold, stated: “Rio Madeira exhibits several characteristics commonly associated with alluvial gold systems, including interpreted paleochannel targets, favourable gravel horizons and active alluvial mining within the broader Madeira River region. The next step is disciplined validation. Ms. Molina’s review gives us a clear technical pathway to test the project in a way that is systematic, auditable and meaningful for investors.”
The company has also reviewed mature alluvial gold systems, such as the Nechí alluvial gold system in Colombia operated by Mineros S.A., as an educational benchmark. Canary cautions that Nechí is referenced solely as a technical example of how alluvial systems can be evaluated when sufficient drilling, volume control, recovery testing, mine planning and QA/QC have been completed. Nechí is not located on or adjacent to the Madeira River Project, and no inference should be drawn that the Madeira River Project hosts comparable mineralization.
Canary is currently in the early stages of the alluvial-gold development pathway. The company has identified preliminary geological indicators and priority paleochannel-style targets. The next phase is intended to validate geometry, continuity, gravel thickness, representative grade and recovery characteristics. The company cautions investors that exploration at the Madeira River Project remains at an early stage, and no mineral resource has been defined. Geological interpretations, including interpreted paleochannel targets, remain subject to further drilling, sampling, testing and validation.
The scientific and technical information in this news release has been reviewed and approved by Andrew Lee Smith, P.Geo., a Qualified Person as defined by National Instrument 43-101. Mr. Smith is not independent of the company, as he serves as Executive Chairman of Canary Gold Corp.
