Drill Results
Goldcana Expands Triple F Gold Project Land Holdings and Commences Phase I Exploration Program
GC · Price
Executive Summary
- Goldcana Resources entered an option agreement to acquire one additional mineral claim and one claim application (~477 ha) adjacent to its Triple F Gold Project in British Columbia.
- To secure the 100 % interest, the company must issue 250,000 common shares and spend $225,000 on exploration over three years (including $50,000 by 31 Dec 2026).
- Phase I of a property‑wide exploration program has commenced, encompassing geological mapping and a comprehensive geochemical survey to delineate gold anomalies.
Key Details
- Option Agreement: Executed 10 Oct 2025; covers one mineral claim + one claim application (~477 ha) adjacent to Triple F Gold Project.
- Consideration: Issuance of 250,000 common shares (subject to a 4‑month + 1‑day hold period) and $225,000 in exploration expenditures over three years; $50,000 payable by 31 Dec 2026.
- Phase I Exploration Program:
- Geological mapping of the entire Triple F property.
- Property‑wide geochemical soil survey to refine known anomalies and test newly defined magnetic features.
- Historical Mineralization Highlights (for context):
- Up to 55 g/t Au and 270 g/t Ag over 0.9 m (DDH88‑04, 1980s).
- Multiple historic drill intercepts ranging from 0.5 ppm to 1.07 ppm Au over several metres.
- Trench results: 9.77 ppm Au over 4 m; 3.12 ppm Au over 6 m.
- Geophysical Work: 2023 UAV magnetic survey by Pioneer Exploration identified strong parallel magnetic features correlating with gold‑in‑soil anomalies.
- Technical Report: NI 43‑101 report dated 15 Jan 2024, amended 10 Jun 2025, filed on SEDAR+.
Notable Quotes
“The acquisition of these additional claims and the commencement of Phase I work significantly expand our understanding of the Triple F system and position Goldcana to advance a high‑potential gold target.” – Clive Brookes, President & CEO.