Canary Gold Corp. (CSE: BRAZ | Frankfurt: K5D) announced today that it has signed a drilling services contract with Geosol and Geosedna, both wholly owned subsidiaries of Geopar, Brazil's largest drilling services group. The contract initiates a substantial 20,000-meter dual-focused drilling program at the Company's Madeira River Project in Rondônia, Brazil, targeting the prospective Mocururu trend.
The program follows a year of field exploration that yielded strong geological validation, including heavy-mineral results from samples analyzed by Overburden Drilling Management (ODM) reported last week. The drilling will consist of approximately 5,000 meters of screw-auger drilling by Geosol and 15,000 meters of Reverse Circulation-Aircore (RC-AC) drilling by Geosedna.
The screw-auger program will focus on known Mocururu outcrops and conduct short step-outs of 25 to 50 meters to trace shallow extensions beneath cover. The RC-AC program will test the full 80-kilometer strike length of the prospective stratigraphy within Canary's tenements on a 2-kilometer by 1-kilometer drill-fence grid configuration. This systematic approach is designed to define the distribution, thickness, and continuity of the gold-bearing Mocururu and related secondary targets.
Mark Tommasi, President of Canary Gold, commented: "Securing Geosol and Geosedna, both part of Geopar, is a major operational milestone for Canary Gold. The scale and design of this program represent the most comprehensive subsurface evaluation undertaken by the company to date. With ODM's recent positive heavy-mineral results and a year of fieldwork that has consistently supported our geological thesis, the Company is now in a strong position to rapidly accelerate its exploration strategy."
Mobilization will commence in early January, with drilling to begin following site preparation, staging, and land access. The data generated will be instrumental in defining the gold-bearing Mocururu and related secondary targets across the Company's dominant land position.
Canary Gold holds an option to earn up to a 70% undivided interest in the Rio Madeira Project and has entered into a definitive agreement to acquire a 100% interest in ten additional mineral tenements totaling approximately 94,700 hectares from Talisman Venture Partners Ltd. These interests provide Canary Gold with a strategically consolidated land position in the Madeira River region of Rondônia State.
The scientific and technical information in this release has been reviewed and approved by Andrew Lee Smith, P.Geo., Executive Director of Canary Gold Corp., a Qualified Person under NI 43-101. The Company cautions that the information relates to early-stage exploration results and that visible gold observations are qualitative and do not confirm grade or continuity. Additional drilling and systematic sampling are required to determine the significance of the geological features described.
For further information, contact Canary Gold Corp. at www.canarygold.ca.
