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, announcing the intersection of significant vertical intervals of mature coarse sediments interpreted to represent a large-scale paleochannel system. The company also reported the engagement of Clara Maria Lamus Molina, an internationally recognized geologist-engineer specializing in alluvial gold evaluation, to strengthen its technical team.
Recent deeper drilling at the project has penetrated to vertical depths of up to 75 metres and intersected sedimentary units including rounded quartz pebble gravels and sands within a ferruginous matrix. Based on drilling completed to date, the company interprets the paleochannel to extend across an area measuring approximately 7 kilometres by 5 kilometres, eastward from the present-day Madeira River system. The paleochannel system includes mature sedimentary horizons up to 20 metres in thickness containing ilmenite and organic material, as well as indurated ferruginous horizons interpreted as possible remnant Mocururu formation.
To date, Canary has completed approximately 21 reverse circulation (RC) drill holes on an approximate 1-kilometre spaced grid, together with 14 PQ-diameter drill holes on approximately 250-metre spaced infill sections within selected target areas. Analytical results from the current drilling program remain pending and will be reported once received, compiled and reviewed.
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 wide experience associated with large-scale producing placer and alluvial operations in South America, including projects operated by Mineros S.A. in Colombia. Her engagement is intended to support the establishment of robust exploration, sampling, analytical, and QA/QC procedures appropriate for large-scale alluvial gold exploration systems, with emphasis on representative sampling in particulate and coarse gold environments.
Mark Tommasi, President of Canary Gold, commented: "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, gold particle size distribution, sedimentary architecture, and depositional controls.
The Madeira River Project covers approximately 80 kilometres of prospective tenure east of the Madeira River in an area with a long history of historic and active artisanal gold dredging operations. Current exploration activities have tested only a limited portion of the broader land package. The company continues to advance drilling programs focused on defining the geometry and extent of interpreted paleochannel systems and identifying sedimentary environments considered favorable for potential gold concentration.
Canary's technical work is focused on improving understanding of stratigraphy, sedimentology, and geometry of interpreted paleochannel systems. Particular attention is given to coarser-grained sand and gravel horizons, iron-enriched intervals, heavy mineral-bearing horizons, and deeper, more mature sedimentary layers that may represent favorable depositional environments for gold concentration. As part of the consultant's engagement, the company intends to further review and enhance its sampling, sample preparation, QA/QC, and chain-of-custody procedures for alluvial gold exploration environments.
The company cautions investors that exploration at Madeira remains at an early stage. No mineral resource has yet been defined, and there can be no assurance that continued exploration will result in the delineation of an economic mineral deposit.
