Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) has provided an update on exploration at its Madeira River Gold Project in Rondonia State, Brazil, reporting that deeper drilling has intersected significant vertical intervals of targeted mature coarse sediments, supporting the interpretation of a large-scale paleochannel system associated with the Madeira River. The company has also engaged Clara Maria Lamus Molina, an internationally recognized geologist-engineer specializing in alluvial gold deposit evaluation, to strengthen its technical team.
Drilling to date has identified a paleochannel system extending approximately 7 kilometres by 5 kilometres eastward from the present-day Madeira River system. The company has completed 21 reverse circulation drill holes on an approximate 1-kilometre spaced grid, along with 14 PQ-diameter drill holes on 250-metre spaced infill sections within selected target areas. Deeper drilling has reached vertical depths of up to 75 metres, intersecting sedimentary units including rounded quartz pebble gravels and sands within a ferruginous matrix containing ilmenite and organic material, as well as harder indurated ferruginous horizons interpreted as possible remnant Mocururu.
Ms. Molina brings over 20 years of specialized technical expertise in sampling, geological evaluation, and resource estimation of alluvial gold systems in compliance with NI 43-101 standards. She has experience with large-scale producing placer and alluvial operations in South America, including projects operated by Mineros S.A. in Colombia. Her engagement will focus on reviewing drilling, sampling, and concentrate preparation methodologies; designing representative sampling protocols for coarse gold environments; evaluating sedimentological controls on gold concentration; and supporting QA/QC procedures and geological modelling to position the project for a potential future mineral resource estimate.
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."
Analytical results from the current drilling program remain pending and will be reported once received. The Madeira River Project covers approximately 80 kilometres of prospective tenure east of the Madeira River, an area with a long history of artisanal gold dredging. Current exploration has tested only a limited portion of the broader land package.
Canary Gold's technical work is focused on improving understanding of stratigraphy, sedimentology, and geometry of interpreted paleochannel systems, with particular attention to coarser-grained sand and gravel horizons, iron-enriched intervals, and deeper mature sedimentary layers. The company cautions investors that exploration remains at an early stage, and no mineral resource has yet been defined.
