Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Canary Gold Corp. ( (TSE:BRAZ) ) has issued an update.
Canary Gold Corp. has launched a 20,000-metre, dual-rig drilling campaign at its Madeira Project in Brazil, aimed at defining near-surface mineralization and rapidly assessing the broader land package acquired under its agreement with New Frontiers. The program combines a 5,000-metre screw-auger drill campaign over approximately 100 shallow holes to delineate high-priority zones in the Mocururu horizon and gravel beds, with a 15,000-metre reverse circulation program of roughly 300 reconnaissance holes on a wide-spaced grid to test regional geological continuity and generate new targets, underscoring the company’s transition into a more intensive exploration and execution phase; in parallel, Canary has refreshed its website and investor presentation to better communicate its strategy and has granted over 6.1 million stock options to directors, officers and consultants, aligning management incentives with what it expects to be a pivotal year of exploration.
More about Canary Gold Corp.
Canary Gold Corp. is a mineral exploration company focused on advancing its Madeira Project in Brazil’s Madeira River region. The company is targeting near-surface gold-bearing geological horizons, including the Mocururu unit and associated gravel beds, and is positioning itself as an active explorer with a large land package under agreements with partners such as New Frontiers and Talisman.
Average Trading Volume: 112,488
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$11.71M
For detailed information about BRAZ stock, go to TipRanks’ Stock Analysis page.