Canadian Goldfields Advances Systematic Exploration and Target Development at Miminiska Gold Project

Canadian Goldfields Discovery Corp. announced the completion of soil geochemistry at its Miminiska Gold Project in Ontario. The company collected 329 soil samples, including quality-control samples, across 39 hectares on a 50m x 100m grid between Frond and Wottam Lake. Results from this work are expected before the end of October 2026.

An HeliGT airborne magnetic survey will commence before the end of October 2026 across the entire 6,366-hectare property to define geological and structural controls on gold mineralization. Construction of a winterized exploration camp is underway to support future drilling, with 40% of site staff being members of the Eabametoong First Nation.

Historical drill results from the Miminiska and Frond Zones were cited to illustrate potential, but the company explicitly notes these have not been independently verified by a Qualified Person and are reported as core lengths, not true widths. No new assay results or drill intercepts are disclosed in this release.

Canadian Goldfields Discovery Corp. (CGM) released an update marking a standard progression in its exploration program, characterized by the completion of soil sampling and the announcement of an upcoming magnetic survey. These activities represent routine operational steps within the company's current framework.

The release did not include new assay data, drill results, or resource definitions that would materially alter the investment thesis or stock valuation. The historical intercepts highlighted in the announcement are described as old and unverified, serving only as contextual background rather than constituting current mineral resources or reserves.

Given the absence of new data and the stock's recent downward trajectory, the market impact is expected to be neutral. The news aligns with previous announcements regarding the fall exploration timeline.

Canadian Goldfields Discovery Corp. is a pre-revenue gold exploration company focused on two Ontario properties: Miminiska and Swayze Central.

The Miminiska Gold Project comprises 6,366 hectares in northwestern Ontario and features an interpreted 14-kilometre prospective iron-formation trend. Historical drilling totals approximately 28,000 metres, concentrated at the Miminiska and Frond Zones.

The Swayze Central Gold Project consists of 7,029 hectares in the Swayze Greenstone Belt. The company acquired the property in May 2026 via amalgamation with Newton Gold Corp. It features historical high-grade intercepts and orogenic gold deposit potential.

The company is in the exploration stage, with no revenue, no mineral resources, and no reserves.