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Canary Gold Corp. ( (TSE:BRAZ) ) has provided an announcement.
Canary Gold Corp. reported encouraging early drilling results at its Madeira River Project in Brazil, where shallow holes intersected continuous sand and gravel horizons consistent with a preserved auriferous paleochannel system. Gold was recovered from seven consecutive holes along a 200‑meter drill fence, with two holes returning the highest gold grain counts recorded to date on the property, suggesting lateral continuity across a channel interpreted to exceed 200 meters in width.
The company is ramping up exploration with systematic follow-up drilling, step-out fences, and enhanced sampling and analytical protocols to better define the geometry and controls on gold distribution. Operational capacity is being expanded with additional equipment and the planned mobilization of a combined air-core/reverse circulation rig, which is expected to accelerate drilling and broaden coverage, reinforcing management’s confidence that they are vectoring into a potentially meaningful gold-bearing system.
More about Canary Gold Corp.
Canary Gold Corp. is a mineral exploration company focused on gold projects, with its flagship Madeira River Project located in Brazil. Listed on the CSE, OTCQB and Frankfurt exchanges, the company targets paleochannel and fluvial gold systems, using systematic drilling and sampling to delineate potentially economic deposits in underexplored regions.
Average Trading Volume: 119,325
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$10.85M
Learn more about BRAZ stock on TipRanks’ Stock Analysis page.