Canadian Goldfields Commences Extensive Soil Geochemical Survey at Swayze Central Gold Project

Canadian Goldfields Discovery Corp. (CGM) announced the commencement of an extensive soil geochemical survey at its Swayze Central Gold Project in Ontario. The program is scheduled to collect approximately 6,000 soil samples over a three-month period.

Management states the initiative integrates historical data with modern geochemical techniques to identify new areas of interest and prioritize future exploration. Objectives include refining geological understanding, prioritizing exploration targets, and guiding future prospecting, geophysical, and drilling activities.

The release highlights historical high-grade gold intercepts from 2010 drilling and 1982 mapping to contextualize the property's potential, while noting that true widths for historical results are unknown.

The announcement represents a standard, expected step in Canadian Goldfields Discovery Corp.’s target generation strategy following the May 2026 acquisition of the Newton property. It does not contain new financial data, production milestones, or unexpected discoveries. The market impact is expected to be minimal, as exploration updates of this nature are routine and do not immediately alter the company's valuation or cash position. The focus remains on long-term exploration success rather than near-term catalysts.

Canadian Goldfields Discovery Corp. is a gold exploration company focused on properties in Ontario, Canada. Its flagship assets include the Miminiska Gold Project and the Swayze Central Gold Project, which was acquired via the May 2026 amalgamation with Newton Gold Corp. The Swayze Central property spans approximately 7,029 hectares in the Swayze Greenstone Belt, featuring orogenic gold deposit potential across the Krista, Michelle, and Michelle Extension zones. The company's strategy relies on historical data integration and modern geochemical surveys to advance its land package.