Canary Gold Corp. has identified new outcrops of gold-bearing sediment in its Madeira River Project in Rondonia, Brazil, marking another step in the company's exploration of what it believes could be a significant sedimentary gold system. Preliminary field observations from these newly discovered "Mocururu" outcrops—iron-cemented gravel historically associated with gold in the area—have revealed visible gold particles in panned concentrates.
The company emphasizes that these visual observations are qualitative and do not confirm economic viability, grade, or continuity of mineralization. Quantitative analysis is pending, with duplicate samples being prepared for analysis at SGS Laboratory in Brazil and for physical examination at Overburden Drilling Management Ltd. (ODM), a Canadian laboratory specializing in heavy-mineral concentrate assessments. These discoveries are located within a belt interpreted by Canary's geological team as having the most favorable characteristics observed to date adjacent to the Madeira River.
This finding supports the company's geological hypothesis that gold-prospective sediments, eroded from the Andes, have accumulated over time within the Madeira River basin. The integration of this data with ongoing collection efforts underpins Canary Gold's phased exploration strategy. These datasets will be further evaluated during a major drilling program scheduled to commence in early 2026 across the company's extensive tenement holdings, as referenced in a press release dated December 2, 2025.
"Our team continues to uncover encouraging indications of a gold-bearing sedimentary system across our land package," said Mark Tommasi, President of Canary Gold. "These new Mocururu discoveries fit directly into our broader exploration strategy and provide further justification for the significant drill campaign we have planned for early 2026." The scientific and technical information in the announcement was reviewed and approved by Andrew Lee Smith, P.Geo., Executive Director of Canary Gold Corp., a Qualified Person as defined under National Instrument 43-101.
The company cautions that the information relates to early-stage exploration results. Heavy-mineral analyses and field observations do not provide quantitative gold grades and cannot be used to estimate mineral resources. Visible gold is a qualitative field observation only and does not confirm grade, continuity, or the presence of economic mineralization. Any reference to potential mineralization or geological models is conceptual, as there has been insufficient exploration to define a mineral resource. It remains uncertain whether further exploration will result in the delineation of a mineral resource.
Canary Gold Corp. is a Canadian public exploration company focused on gold projects in Brazil. The company holds an option to earn up to a 70% undivided interest in the Rio Madeira Project. In August 2025, it entered a definitive agreement to acquire a 100% interest in ten additional mineral tenements totaling approximately 94,700 hectares from Talisman Venture Partners Ltd., further consolidating its land position in the Madeira River region of Rondonia State.
