Canary Gold Corp. has intersected what it interprets as a large-scale paleochannel system at its Madeira River Gold Project in Rondonia State, Brazil, and has engaged a specialist alluvial gold consultant to strengthen technical procedures, the company announced June 10, 2026.
Recent deeper drilling at the project has encountered vertical intervals up to 20 metres thick of mature coarse sediments, including gravels and sands, supporting the interpretation of a paleochannel system associated with the Madeira River. 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 river system.
To support and strengthen the technical team, the company has engaged Clara Maria Lamus Molina, an internationally recognized geologist-engineer and specialist in the evaluation and sampling of alluvial gold deposits. 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 with large-scale producing placer and alluvial operations in South America, including projects operated by Mineros S.A. in Colombia.
The engagement is intended to support the establishment and implementation of robust exploration, sampling, analytical and QA/QC procedures appropriate for large-scale alluvial gold exploration systems, with particular emphasis on representative sampling in particulate and coarse gold environments.
To date, the company has completed approximately 21 reverse circulation drill holes on an approximate 1-kilometre spaced grid, together with a further 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.
Deeper drilling has penetrated to vertical depths of up to 75 metres and intersected sedimentary units interpreted to form part of the paleochannel system. The paleochannel includes mature sedimentary horizons up to 20 metres in thickness consisting of rounded quartz pebble gravels and sands hosted within a ferruginous matrix containing ilmenite and organic material, as well as harder indurated ferruginous horizons interpreted to represent possible remnant Mocururu.
Ms. Molina will work with Canary’s technical team to review current drilling, sampling and concentrate preparation methodologies; assist in the design of representative sampling protocols for coarse gold and alluvial depositional environments; evaluate sedimentological and depositional controls on gold concentration; support refinement of QA/QC and chain-of-custody procedures aligned with industry best practices; assist with geological modelling and future resource evaluation workflows; and support the company’s objective of positioning the project for a potential future NI 43-101 compliant mineral resource estimate, subject to continued exploration success.
Mark Tommasi, President of Canary Gold, said: “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.”
Mr. Tommasi continued: “Alluvial and paleochannel-hosted gold systems require careful attention to sample representativity, gold particle size distribution, sedimentary architecture and depositional controls. This engagement strengthens our technical team and supports our objective of advancing Madeira in a disciplined manner toward the standards required for future resource evaluation work.”
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 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.
