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Amseco Exploration ( (TSE:CAN) ) has provided an update.
Canadian Gold Resources has completed its maiden 2025 diamond drill program at the Lac Arsenault project, a 58-hole campaign aimed at validating historical data, testing mineralization continuity and underpinning a first NI 43-101 compliant resource estimate. Core logging suggests mineralization consistent with surface observations in major veins and stockwork-style arrays within a shear zone, and assay results from an accredited lab are expected later in February.
The company has already launched its 2026 drilling program of about 40 holes, targeting high-priority anomalies identified by an induced polarization survey along the Baker-Mersereau structural corridor. Management says this second phase will help evaluate the scale and continuity of an emerging gold system at Lac Arsenault, potentially advancing the project toward a modern resource while leveraging historical work that outlined significant gold-silver-base metal mineralization.
More about Amseco Exploration
Canadian Gold Resources is a mineral exploration company focused on advancing its 100%-owned Lac Arsenault gold project in Québec’s Gaspé Peninsula. The property hosts several high-grade epithermal-style gold-silver-base metal vein systems along the Grand Pabos Fault, benefits from road, power and rail access near tidewater, and is positioned within one of Canada’s most established mining jurisdictions.
Average Trading Volume: 171,884
Technical Sentiment Signal: Sell
Current Market Cap: C$6.09M
For an in-depth examination of CAN stock, go to TipRanks’ Overview page.