Follow-Up Program Planned to Test Full 80km Strike Potential
Vancouver, B.C. – TheNewswire - June 25, 2025 – Canary Gold Corp. (CSE: BRAZ, OTC: CNYGF, Frankfurt: K5D) ("Canary" or the "Company") is pleased to announce that a sonic drill rig has been successfully mobilized and is now on site at the Company’s flagship Madeira River Project in Rondônia, Brazil. Drilling has commenced and will focus on expanding near-surface gold targets within the highly prospective Mocururu unit.
Sonic Drilling: High-Resolution Sampling Across the Full Sedimentary Profile
The current program will utilize sonic drilling to test defined target areas and recover continuous, intact samples across the full sedimentary profile—a critical step in characterizing the gold system. The targeted horizons are expected to include a combination of unconsolidated, semi-consolidated, and consolidated formations, and sonic drilling is ideally suited to recover representative material from all layers with minimal disturbance or contamination.
Once recovered, the entire sample interval will be geologically logged and submitted for comprehensive analysis, including:
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Full multi-element geochemistry
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Complete heavy mineral analysis
This approach will allow Canary’s technical team to identify sedimentological and stratigraphic controls on gold mineralization, and to map how gold and associated heavy minerals are distributed across the profile. These insights are expected to directly inform the vectoring of future drilling toward higher-grade zones and better define the mineralized architecture of the system.
“This program isn’t just about confirming gold—it’s about understanding why it’s there and how it moves through the system,” said Mark Tommasi, President of Canary Gold. “We’re focused on building a technical foundation that can guide the larger-scale drilling we have planned.”
Next Phase: District-Scale Drilling Across 80km Strike
Building on early success, Canary is advancing plans for a follow-up drill program designed to test the full 80-kilometre strike length of its tenement package. The program will evaluate both the primary Mocururu target horizon and a series of high-priority secondary paleochannel targets.
The follow-up campaign will consist of systematic drill fences spaced 2,000 metres along strike and 1,000 metres across strike, with drill hole depths of up to:
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50 metres targeting the Mocururu gold horizon, and
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100 metres for the paleochannel targets
This district-scale approach is intended to demonstrate the continuity of mineralization and establish a clear exploration framework across the full project area.
Warrant Exercise Initiative to Support Drilling
To fund the next phase of drilling, the Company is undertaking a focused initiative to encourage the exercise of outstanding $0.25 warrants. Proceeds will be allocated toward the expanded exploration program, with a priority on drilling that will:
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Evaluate the extent of mineralization within the primary Mocururu target horizon across the 80km strike, and
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Systematically test the suite of underexplored secondary targets.
Mark Tommasi, President of Canary Gold, commented: “The arrival of the sonic rig and the start of drilling marks another important step forward for Canary. With a clear plan in place to expand our footprint and test the full strike length, we’re entering a new phase of discovery. Our focus is on unlocking the broader potential of this district-scale potential—and with the support of warrant holders, we’ll be well-positioned to accelerate that effort.”
QP Disclaimer
Andrew Lee Smith, P.Geo., a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information related to the Madeira River Project in Rondônia, Brazil, disclosed herein. The information presented is based on Mr. Smith’s professional judgment and understanding of the project at the time of review. However, readers are cautioned that the conclusions and interpretations are subject to the inherent uncertainties and limitations associated with exploration activities.
About Canary Gold Corp.
Canary Gold Corp. is a mineral exploration company whose principal business is the acquisition and exploration of gold mineral exploration properties, with a focus in Rondônia, Brazil. The Company has the option to acquire up to a 70% undivided right, title, and interest in the Rio Madeira Project, a property that covers an area of 68,445 hectares of prospective geology in Rondônia, Brazil. More information about Canary can be found at www.canarygold.ca.
For further information, please contact:
Canary Gold Corp.
Mark Tommasi, President
Phone: 604-318-1448
www.canarygold.ca
Disclaimer Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects”, “believes”, and similar expressions or the negative of these words or other comparable terminology. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding the Company’s planned exploration programs and drill programs and potential significance of results, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include but are not limited to the risks detailed in the Company’s Prospectus and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law. No securities exchange or commission has reviewed or accepts responsibility for the adequacy or accuracy of this release.
