Canary Gold Corp. (CSE: BRAZ | Frankfurt: K5D) announced it has signed a drilling services contract with Geosol and Geosedna, wholly owned subsidiaries of Geopar, Brazil’s largest drilling services group. The contract initiates a 20,000-meter dual-focused drilling program at the Madeira River Project in Rondônia, Brazil, targeting the Mocururu gold trend.
The program consists 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 with short step-outs of 25–50 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 km by 1 km drill-fence grid configuration.
This drilling milestone follows a year of field exploration that provided strong geological validation, including positive heavy-mineral results from samples analyzed by Overburden Drilling Management (ODM). The company believes the data generated will be instrumental in defining the distribution, thickness, and continuity of gold-bearing Mocururu and related secondary targets.
Mark Tommasi, President of Canary Gold, stated, “Securing Geosol and Geosedna is a major operational milestone. The scale and design of this program represent the most comprehensive subsurface evaluation undertaken by the company to date. We are now in a strong position to rapidly accelerate our exploration strategy.”
Mobilization is expected to commence in early January, with drilling to begin following site preparation and land access. The company will provide further updates as drilling progresses.
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. Mr. Smith is not independent of the company.
Canary Gold Corp. is a Canadian public exploration company focused on gold projects in Brazil. It holds an option to earn up to a 70% interest in the Rio Madeira Project and has entered into an agreement to acquire a 100% interest in additional tenements totaling approximately 94,700 hectares from Talisman Venture Partners Ltd. for CAD $1.7 million, with a 1.0% NSR royalty retained.
For further information, contact Canary Gold Corp. at (604) 318-1448 or visit www.canarygold.ca.
Forward-looking statements in this release involve risks and uncertainties, and actual results may differ materially. The company will update forward-looking statements only as required by law.
