Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) announced that it has received additional technical observations and recommendations from Clara Maria Lamus Molina, an internationally recognized geologist-engineer specializing in alluvial gold deposits. The review supports the Company’s view that Rio Madeira represents a prospective large-scale alluvial exploration target where the next phase of technical advancement will depend on disciplined validation of paleochannel geometry, gravel continuity, recoverable gold content and volumetric grade.
Ms. Molina’s work provides Canary with a practical roadmap to advance from preliminary geological observations toward systematic, representative and auditable technical data. The Company believes the review represents an important next step in positioning the Madeira River Project for future exploration milestones, evaluation of whether sufficient technical information can ultimately support a National Instrument 43-101 compliant mineral resource estimate subject to continued exploration success, additional drilling, representative sampling, QA/QC, recovery testing and geological modelling.
Ms. Molina’s review highlights several positive indicators and technical priorities at the Madeira River Project, including active alluvial gold mining observed within the Madeira River system, visible free gold observed during the inspection of active mining operations, favourable gravel intervals, geomorphological features compatible with alluvial plains and paleochannels, and coarse-gravel systems identified as priority targets. Sonic drilling is recommended as a preferred validation tool, along with recovered-volume control, standardized logging, QA/QC procedures, and geological-volumetric modelling.
As announced on June 10, 2026, recent deeper drilling intersected targeted mature coarse sediments, supporting the Company’s interpretation of a large-scale paleochannel system. Mark Tommasi, President of Canary Gold, stated: “Rio Madeira exhibits several characteristics commonly associated with alluvial gold systems. The next step is disciplined validation. Ms. Molina’s review gives us a clear technical pathway to test the project in a systematic, auditable and meaningful way for investors.”
Alluvial gold systems are evaluated on a volumetric basis, where size and continuity of the paleochannel, thickness of favourable gravels, recoverable gold content, stripping ratio, processing efficiency and throughput are important. The Company’s objective is to define the channel, measure gravel, validate grade, test recovery and build the database step by step.
A central recommendation is the use of sonic drilling in priority areas, which improves sample recovery, preserves stratigraphic relationships, and supports accurate measurement of recovered volume. Future work will focus on systematic sonic drilling, metre-by-metre logging, recovered-volume measurement, controlled sample processing, gold-particle recovery, laboratory validation, robust QA/QC, and geological-volumetric modelling.
Ms. Molina recommended that future sampling incorporate a workflow where samples are screened through 1/8-inch mesh, washed, and concentrated via skilled panning or gravity equipment, with experienced supervision and gold-particle classification. The Company continues to review and refine procedures to establish a representative and repeatable workflow for alluvial gold environments.
Canary also reviewed mature alluvial systems like the Nechí operation in Colombia, operated by Mineros S.A., as a technical benchmark. Nechí has NI 43-101 resource and reserve disclosure, extensive drilling, and production history. The Company cautions that Nechí is referenced solely as an educational example and is not directly comparable to Rio Madeira.
Management believes the Madeira River Project is an early-stage alluvial gold exploration project requiring further validation. The Company is reviewing budgets, logistics, and sequencing for a priority sonic-drilling program. Investors are cautioned that no mineral resource has been defined, and there is no assurance that continued exploration will result in an economic deposit.
The scientific and technical information has been reviewed and approved by Andrew Lee Smith, P.Geo., a Qualified Person under NI 43-101. Mr. Smith is not independent of the Company as he serves as Executive Chairman.
Canary Gold Corp. is a Canadian exploration company focused on gold projects in Brazil, holding an option to earn up to a 70% interest in the Rio Madeira Project and having acquired additional tenements totaling approximately 94,700 hectares. For more information, visit www.canarygold.ca.
