Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) announced 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 provides a roadmap for advancing the Rio Madeira alluvial gold project from preliminary geological observations toward systematic, auditable technical data.
The review highlights several positive indicators at the Madeira River Project, including active alluvial gold mining within the broader Madeira River system, visible free gold observed during inspections of active operations, favorable gravel intervals, and geomorphological features compatible with alluvial plains, terraces, and paleochannels. Paleochannels and coarse-gravel systems were identified as priority targets for alluvial gold concentration.
A central recommendation is the use of sonic drilling in priority target areas, as it improves sample recovery, preserves stratigraphic relationships, and supports accurate measurement of recovered sample volume—critical factors in alluvial gold exploration where gold distribution can be irregular. The company plans to focus future work on systematic sonic drilling, geological logging, recovered-volume measurement, controlled sample processing, and geological-volumetric modeling.
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.” He emphasized that alluvial gold systems are evaluated on a volumetric basis, where channel size, gravel thickness, recoverable gold content, and processing efficiency are key.
The company believes the review positions the Madeira River Project for future exploration milestones, though it cautions that no mineral resource has been defined. The next phase aims to validate geometry, continuity, gravel thickness, representative grade, and recovery characteristics. Canary is reviewing budgets and logistics for a priority sonic-drilling program.
Canary also referenced the Nechí alluvial gold system in Colombia as an educational benchmark for how alluvial systems can be evaluated, but cautioned that Nechí is materially more advanced and not directly comparable. The company’s objective is to apply similar technical discipline at Rio Madeira.
The scientific and technical information was reviewed and approved by Andrew Lee Smith, P.Geo., a Qualified Person under National Instrument 43-101. Mr. Smith is Executive Chairman of Canary Gold and is not independent under NI 43-101.
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. The company also expanded its regional position by acquiring ten additional mineral tenements totaling approximately 94,700 hectares from Talisman Venture Partners Ltd., with a 1.0% NSR royalty retained by Talisman.
For more information, visit www.canarygold.ca.
Forward-looking statements in this release are subject to risks and uncertainties, and actual results may differ materially. The company will update forward-looking statements only as required by law.
