Canary Gold talks early results at Madeira River

Executive Summary

• Canary Gold closed two non‑brokered private placements totaling $2,800,000, both oversubscribed, strengthening its treasury for upcoming exploration.
• Completed aircore (1,950 m) and sonic (457 m) drilling campaigns on the Madeira River project, with visual gold particles observed in heavy‑mineral concentrates.
• Acquired a 94,700‑hectare land package from Talisman Venture Partners, expanding its footprint in the Madeira River region.

Key Details

• Aircore Drilling Campaign: 1,950 m total depth across a small portion of the tenement; intersected target stratigraphic horizon that hosts auriferous Mocururu layers.
• Sonic Drilling Campaign: 457 m total depth testing geophysical targets; provided continuous intact samples from unconsolidated and semi‑consolidated horizons; panning revealed gold particles in heavy‑mineral concentrates (qualitative, not indicative of grade/volume).
• Heavy‑Mineral Analysis Collaboration: Partnered with Overburden Drilling Management (ODM) to characterize gold in heavy‑mineral concentrates; early-stage work aimed at developing repeatable sampling and economic assessment procedures.
• Land Expansion: On Aug 29 2025, acquired the Talisman Venture Partners land package (~94,700 ha), significantly enlarging the Madeira River landholding.
• Financing – Private Placement #1: Closed Sept 10 2025; non‑brokered private placement gross proceeds $1,687,500; oversubscribed by $687,500.
• Financing – Private Placement #2: Closed Sept 25 2025; non‑brokered private placement gross proceeds $1,112,500; oversubscribed by $112,500.
• Warrant Exercises: Significant warrant exercises occurred, further strengthening the company’s cash position for future drilling programs.
• Future Plans: Company will commit to a major drilling investment across its expanding tenement portfolio and continue identifying high‑potential targets in the Madeira River region.

Notable Quotes

“With a strong team and infrastructure in place and supported by early exploration results, Canary is progressing into the next phase of our program. Our objective is to further assess the potential of this underexplored gold province.” – Mark Tommasi, President, Canary Gold Corp.