Goldcana options 477 hectares next to Triple F

Executive Summary

• Goldcana Resources entered an option agreement to acquire an additional 477‑ha mineral claim adjacent to its Triple F gold project, securing a 100 % interest upon issuance of 250,000 common shares and $225,000 of exploration spend over three years.
• The company has commenced Phase I exploration on the expanded Triple F property, initiating full‑property geological mapping and a comprehensive soil geochemical survey to delineate gold anomalies.
• Historic drilling and trenching on the property have returned notable intercepts (up to 55 g/t Au over 0.9 m; multiple sub‑ppm Au intervals), supporting the prospectivity of the newly defined target area.

Key Details

• Option Agreement (Oct 10 2025):
• Acquisition of one additional mineral claim + one claim application (~477 ha).
• Consideration: issuance of 250,000 common shares (subject to CSE filing acceptance) and $225,000 exploration expenditures over three years ($50,000 due by Dec 31 2026).

• Shares subject to a four‑month‑and‑one‑day hold period.

• Phase I Exploration Program:

• Activities: full‑property geological mapping; property‑wide soil geochemical survey.

• Objective: integrate historic data, map controls on gold mineralization, delineate existing geochemical anomalies, and test newly identified magnetic anomalies linked to known gold zones.

• Historical Mineralization Highlights (for context):

• Soil samples: up to 342 ppb Au; rock samples: up to 26 ppm Au; drill core: up to 55 ppm Au.
• Rea Gold Corp. 1980s drilling: 55 g/t Au & 270 g/t Ag over 0.9 m; other intercepts include 10.97 m @ 0.58 ppm Au, 5.03 m @ 1.07 ppm Au, 9.75 m @ 0.5 ppm Au (DDH88‑04), 8.84 m @ 0.69 ppm Au, 7.92 m @ 0.57 ppm Au.

• Trenching: 9.77 ppm Au over 4.0 m; 3.12 ppm Au over 6.0 m.

• Geophysical/Geochemical Work (2023):

• UAV magnetic survey by Pioneer Exploration identified multiple strong, parallel magnetic features correlating with known gold mineralization and soil‑Au anomalies.

• Soil geochemistry revealed an approx. 5.5‑km‑long gold‑in‑soil trend across the property.

• Technical Documentation:

• NI 43‑101 Technical Report dated Jan 15 2024, amended Jun 10 2025, filed on SEDAR+.

• Qualified Person:

• Review and approval by Linda Caron, MSc, PEng (qualified person under NI 43‑101).

Notable Quotes

(No direct quotes were provided in the release.)