Canadian Gold Resources Announces 19.5 g/t Gold Over 1.0 Metre in First Hole from Maiden Lac Arsenault Drill Program
High-Grade Maiden Drill Results Confirm Historical Vein Continuity at Lac Arsenault
The most recent news (March 3, 2026) reports the first assay results from the maiden diamond drill program at the Lac Arsenault Project in Quebec. Hole LA-26-01 returned 19.5 g/t gold over 1.0 metre (0.85m true width) within the Baker Vein. Additionally, a separate interval of 1.9 g/t gold over 1.0 metre was found in the surrounding metasedimentary sandstone. This drilling is part of a larger effort to confirm historical results and support a future NI 43-101 compliant resource.
The impact is Routine - Positive. While the grade (19.5 g/t) is high, it is largely in line with historical expectations (1975 and 1996 estimates cited grades between 9.59 g/t and 15.43 g/t). - Validation: The news is a critical "proof of concept" that the historical high-grade veins exist at depth. - Scale: The intercept is narrow (1.0m), which is typical for these vein systems but requires significant density of drilling to build tonnage. - Context: This is only the first hole of a 58-hole 2025 program and a 40-hole 2026 program. The market was already aware of the high-grade nature from surface sampling (28.9 g/t Au) reported in July 2025. - Regulatory Recovery: This follows a period of regulatory turbulence, including a trading halt in late 2025 for "improper dissemination of news" and a cancelled/re-filed financing. Successful technical results help shift focus back to the asset.
Canadian Gold Resources is focused on the Gaspe region of Quebec. Its flagship Lac Arsenault Project sits on the Grand Pabos fault. The project is characterized by high-grade gold-silver-lead-zinc vein systems (Baker, Mersereau, and Dunning veins). The company also holds the Robidoux and VG Boulder properties.