Canary Gold Identifies Large Paleochannel System at Madeira River Project, Hires Alluvial Gold Specialist

Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) has announced that recent deeper drilling at its Madeira River Gold Project in Rondonia State, Brazil, has intersected significant vertical intervals of mature coarse sediments, supporting the interpretation of a large-scale paleochannel system. The company reported that drilling has identified a paleochannel extending across an area measuring approximately 7 kilometres by 5 kilometres eastward from the present-day Madeira River system.

To advance the project, Canary Gold 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 expertise in sampling, geological evaluation, and resource estimation of alluvial gold systems in compliance with NI 43-101 standards. She has experience with large-scale producing placer and alluvial operations in South America, including projects operated by Mineros S.A. in Colombia.

The engagement aims to establish and implement robust exploration, sampling, analytical, and quality assurance/quality control (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 (RC) drill holes on a 1-kilometre spaced grid, along with 14 PQ-diameter drill holes on 250-metre spaced infill sections within selected target areas. Deeper drilling has penetrated to vertical depths of up to 75 metres and intersected sedimentary units interpreted as part of the paleochannel system, including mature sedimentary horizons up to 20 metres thick consisting of rounded quartz pebble gravels and sands hosted within a ferruginous matrix containing ilmenite and organic material.

Ms. Molina will work with Canary’s technical team to review current drilling and sampling methodologies, assist in designing representative sampling protocols for coarse gold environments, evaluate sedimentological controls on gold concentration, refine QA/QC and chain-of-custody procedures, and support geological modeling and future resource evaluation workflows. The company aims to position the project for a potential future NI 43-101 compliant mineral resource estimate, subject to continued exploration success.

Mark Tommasi, President of Canary Gold, commented: “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.”

The Madeira River Project covers approximately 80 kilometres of prospective tenure east of the Madeira River, an area with a history of historic and active artisanal gold dredging operations. Current exploration has tested only a limited portion of the broader land package. Analytical results from the current drilling program remain pending and will be reported once received and compiled.

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.

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