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FAQ: Canary Gold Corp.'s New Mocururu Outcrop Discovery at Madeira River Project
TL;DR
Canary Gold Corp's discovery of visible gold in new outcrops could provide early investors with a strategic advantage ahead of their 2026 drilling program.
Canary Gold Corp identified gold particles through preliminary panning, with samples now undergoing analysis at SGS and ODM laboratories to verify results.
This exploration in Brazil's Madeira River basin could lead to responsible gold development, potentially benefiting local communities through future economic opportunities.
Canary Gold Corp found visible gold in iron-cemented gravels called Mocururu, historically known for gold in Brazil's Madeira River region.
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Canary Gold Corp. has identified new outcrops of "Mocururu" iron-cemented gravel at its Madeira River Project in Rondônia, Brazil, with preliminary panning showing visual gold particles in concentrates.
Mocururu is an iron-cemented gravel historically recognized in the Madeira River area for hosting gold mineralization, making its discovery significant for gold exploration potential.
No, the visual observation of gold particles is qualitative only and does not confirm grade, continuity, or economic significance of the mineralization.
Additional duplicate and replicate samples are 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.
The newly identified outcrops are situated within a belt interpreted as having the most favourable geological characteristics observed to date adjacent to the right bank of the Madeira River, within tenement 886.196/2017.
The company hypothesizes that sediments prospective for gold, originating from Andean erosion, have accumulated over time within the Madeira River basin in Rondônia, Brazil.
A major drilling program is scheduled to commence in early 2026 across the company's extensive tenement holdings to further evaluate these discoveries.
Andrew Lee Smith, P.Geo., Executive Director of Canary Gold Corp., is the Qualified Person who reviewed and approved the scientific and technical information, though he is not independent as he holds an executive and board position.
The Qualified Person reviewed geological logs, field notes, sampling documentation, heavy-mineral concentrate reports, analytical certificates, laboratory procedures, and assessed sampling methods, chain-of-custody protocols, and security of samples from collection through transport to the laboratory.
Mark Tommasi, President of Canary Gold, stated that these new Mocururu discoveries fit directly into their broader exploration strategy and provide further justification for the significant drill campaign planned for early 2026.
Curated from NewMediaWire
