Canary Gold Corp. (CSE: BRAZ; OTCQB: CNYGF; Frankfurt: K5D) announced it has received additional technical observations and recommendations from Clara Maria Lamus Molina, an internationally recognized geologist-engineer specializing in alluvial gold deposits. The review supports the Company's view that Rio Madeira represents a prospective large-scale alluvial exploration target, providing a roadmap to advance from preliminary geological observations toward systematic, representative and auditable technical data.
Ms. Molina's review highlights several positive indicators and technical priorities, including active alluvial gold mining observed within the Madeira River system, visible free gold during inspections of active operations, favourable gravel intervals identified in areas of exploration interest, and geomorphological features compatible with alluvial plains, terraces, paleochannels and high-energy channel environments. Paleochannels and coarse-gravel systems were identified as priority targets for alluvial gold concentration. The review recommends sonic drilling as a preferred validation tool in priority target areas, along with recovered-volume control, standardized logging, granulometry, gold-particle classification, QA/QC and chain-of-custody procedures. Geological-volumetric modelling was identified as a key step toward future resource-readiness.
Mark Tommasi, President of Canary Gold, stated: “Rio Madeira exhibits several characteristics commonly associated with alluvial gold systems. The next step is disciplined validation. Ms. Molina's review gives us a clear technical pathway to test the project in a way that is systematic, auditable and meaningful for investors.” He added that alluvial gold systems are evaluated on a volumetric basis, where the size and continuity of the paleochannel, thickness of favourable gravels, recoverable gold content, stripping ratio, processing efficiency and throughput are important. The Company's objective is to define the channel, measure the gravel, validate the grade, test recovery and build the database step by step.
Alluvial gold systems are formed when gold is naturally liberated from source rocks, transported by ancient or modern river systems and concentrated by hydraulic sorting within favourable sedimentary environments. Canary's exploration model at the Madeira River Project focuses on identifying preserved paleochannel and high-energy gravel environments. A central recommendation is the use of sonic drilling, which is well suited to unconsolidated alluvial environments because it can improve sample recovery, preserve stratigraphic relationships, reduce interval contamination, improve fine-material recovery and support more accurate measurement of recovered sample volume. Future work is expected to focus on systematic sonic drilling, metre-by-metre geological logging, recovered-volume measurement, controlled sample processing and gravity concentration, gold-particle recovery, laboratory validation, robust QA/QC and geological-volumetric modelling.
Canary has also reviewed mature alluvial gold systems such as the Nechí alluvial gold system in Colombia, operated by Mineros S.A., which has NI 43-101 compliant mineral resource and reserve disclosure, extensive drilling, production history and operating reconciliation. The Company cautions that Nechí is referenced solely as an educational and technical benchmark and is not a direct comparison to Rio Madeira.
The Company believes the Madeira River Project represents an early-stage alluvial gold exploration project requiring further technical validation. Management is now reviewing budgets, logistics, access and sequencing for a priority sonic-drilling and sample-processing program. Investors are cautioned that exploration remains at an early stage, no mineral resource has been defined, and there can be no assurance that continued exploration will result in delineation of an economic mineral deposit.
