Canary Gold Corp. (CSE: BRAZ; OTC: CNYGF; Frankfurt: K5D) has identified a sequence of new “Mocururu” outcrops at its Madeira River Project in Rondônia, Brazil, as part of its ongoing exploration program. The Mocururu is an iron-cemented gravel historically recognized in the area for hosting gold mineralization. Preliminary panning of samples collected from these new occurrences resulted in the visual observation of gold particles in concentrates, though the company cautions that visible gold is a qualitative observation only and does not confirm grade, continuity or economic significance.
Additional duplicate and replicate samples are being prepared for analysis at SGS Laboratory in Brazil and for physical examination at Overburden Drilling Management Ltd. (ODM), an internationally recognized Canadian laboratory specializing in heavy-mineral concentrate assessments. The newly identified outcrops are situated within a belt interpreted by the Company’s geological team as a zone exhibiting the most favourable geological characteristics observed to date adjacent to the right bank of the Madeira River. The integration of these discoveries, alongside ongoing data collection efforts, continues to support the Company's hypothesis that sediments prospective for gold, originating from Andean erosion, have accumulated over time within the Madeira River basin in Rondônia, Brazil.
These datasets underpin Canary Gold’s phased exploration strategy and will be further evaluated during the major drilling program scheduled to commence in early 2026 across the Company’s extensive tenement holdings (see press release dated December 2nd, 2025). Click Here to see Figure 2. Visible Gold occurrences in panned concentrate from the newly discovered “Mocururu” samples collected within tenement 886.196/2017 (location is shown in the figure 1).
Mark Tommasi, President of Canary Gold commented “Our team continues to uncover encouraging indications of a gold-bearing sedimentary system across our land package. These new Mocururu discoveries fit directly into our broader exploration strategy and provide further justification for the significant drill campaign we have planned for early 2026.”
The scientific and technical information contained in this news release has been reviewed and approved by Andrew Lee Smith, P.Geo., Executive Director of Canary Gold Corp., who is a “Qualified Person” as defined under National Instrument 43-101. Mr. Smith is not independent of the Company, as he holds an executive and board position. In verifying the data, the Qualified Person has reviewed all available geological logs, field notes, sampling documentation, heavy-mineral concentrate reports, analytical certificates, laboratory procedures, and other relevant technical records associated with the Company’s 2025 exploration program.
The information disclosed relates to early-stage exploration results, including heavy-mineral indicator mineral data, reconnaissance sampling, and preliminary geological interpretations. Heavy-mineral analyses and field-based observations do not provide quantitative gold grades and cannot be used to estimate mineral resources. Additional drilling, systematic sampling, and assay verification are required to determine the significance of the geological features described.
