Drill Results Routine +

Canadian Gold Resources Reports Drill Results Confirming Continuity of Mineralization at The Baker Vein

Advancing the Lac Arsenault gold project

By The Northwire Desk — AI Analysis Apr 06, 2026 · 16:06 CAN · 0.135 Canadian Gold Resources Ltd.

Executive Summary

On April 6, 2026 Canadian Gold Resources released assay results from a ten‑hole diamond drill program at the Lac Arsenault Project.
The program tested the Baker vein corridor with holes fanned at azimuths 298°–306° and one hole at 283°.
High‑grade intercepts included up to 19.5 g/t Au and 95 g/t Ag over short intervals (e.g., hole LAC‑25‑BM‑001: 19.5 g/t Au & 47 g/t Ag over 1.0 m; hole LAC‑25‑BM‑010: 15.0 g/t Au & 95 g/t Ag over 0.4 m).
Multiple holes returned grades above 4 g/t Au, confirming continuity of mineralization beneath the planned bulk‑sample area.
Results will be fed into an updated geological model; permitting work continues for a maiden drill program at the adjacent Robidoux Project.

Material Impact

The April 6 results echo the high‑grade intercept reported on March 3, 2026 (19.5 g/t Au over 1.0 m in hole LA‑26‑01) from the maiden drill program.
While the new data add confidence and show multiple zones of mineralization, they do not represent a new discovery or a change to the project’s resource status; no NI 43‑101 compliant estimate has been released yet.
Compared with prior routine updates (drill program commencement, permitting, financing), this release is an incremental positive confirmation rather than a material, valuation‑changing event.

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Company Overview

Canadian Gold Resources Ltd. is a junior exploration company focused on gold projects in Quebec.
Its flagship asset is the 100 % owned Lac Arsenault gold project, located along the Grand Pabos fault system in the Gaspé region.
Historic (pre‑NI 43‑101) estimates cite 40,000 t @ 15.43 g/t Au (1975) and 199,580 t @ 9.59 g/t Au (1996); these are not current resources but highlight the district’s high‑grade potential.
The company is systematically drilling to validate historic data, refine geological models, and work toward a NI 43‑101 compliant mineral resource estimate.

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