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FAQ: Canary Gold Corp's Positive Heavy-Mineral Results from Madeira River Project
TL;DR
Canary Gold Corp's positive heavy-mineral results confirm gold-bearing sediments, providing a strategic advantage in developing the Madeira River Project's extensive tenement package.
Overburden Drilling Management's analysis identified heavy-mineral assemblages and visible gold in samples, supporting the geological model of Andes-sourced sediment accumulation in the Madeira River basin.
This exploration advances responsible mineral discovery, potentially creating economic opportunities in Brazil's Rondonia region while expanding scientific understanding of gold deposition processes.
Gold particles traveled from the Andes Mountains through the Madeira River, accumulating in Brazil's basin over millennia, creating a fascinating geological treasure hunt.
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Canary Gold Corp announced encouraging results from heavy-mineral analyses completed by ODM Ltd that support the company's geological thesis of gold-bearing sediments accumulating in the Madeira River basin in Rondonia, Brazil.
The results significantly strengthen Canary's geological thesis that gold-bearing sediments from Andes Mountain erosion have accumulated in the Madeira River basin, supporting the potential for sediment-hosted and paleoplacer gold systems across the company's land position.
Overburden Drilling Management Ltd (ODM), a globally recognized Canadian laboratory specializing in heavy-mineral concentrate evaluation, completed the analysis, with results reported in November 2025.
The Madeira River Project is located in Rondonia, Brazil, within the Madeira River basin where gold-bearing sediments from Andes Mountain erosion have accumulated.
ODM confirmed strong heavy-mineral assemblages consistent with gold-bearing alluvial and paleoplacer environments, identified iron-cemented gravel (mocururu) as mature placer type, and found 5-10% detrital ilmenite grains indicating placer gravel with potential for gold concentration.
The results reinforce prior work including visible gold recovered in panned samples from reconnaissance air-core drilling announced in April 2025 and align with data from the sonic drilling program mobilized in June 2025.
The high concentration of detrital ilmenite (5-10%) indicates the host gravel is a placer gravel, while the absence of magnetite suggests the placer is very mature and may contain significant concentrations of other resistant minerals including gold.
The pebble varieties and well-rounded quartz grains indicate the gravel is sourced primarily from the Andes Mountains, a known gold-endowed area that the Madeira River drains, suggesting a long transport history from a distal source area.
The heavy-mineral indicators support ongoing target refinement across the company's tenements package, including additional tenements added to the portfolio in August 2025, helping to focus future exploration efforts.
Curated from NewMediaWire
