en.Wedoany.com Reported - April 6, 2026 – Canadian Gold Resources Ltd. (TSXV: CAN) announced the completion of its diamond drilling program at the Lac Arsenault Project on the Gaspé Peninsula, Quebec. Preliminary results confirm the mineralization continuity of the Baker Vein system.
The drilling program completed a total of 10 holes arranged in three fan configurations. The hole azimuths (true north) ranged from 283° to 306°, with dips covering 45° to 70°. The total meterage reached 867 meters. The drilling focused on testing the geometry of gold mineralization at depth and along strike within the Baker Vein system, providing data support for the subsequent evaluation of bulk sample areas.
Key data shows that six holes intersected visible gold mineralization: LAC-25-BM-001 intersected a 1.0-meter interval at 30.35 meters with grades of 19.5 g/t Au and 47.0 g/t Ag; LAC-25-BM-002 intersected a 1.2-meter interval at 42.25 meters grading 7.01 g/t Au; LAC-25-BM-003 intersected a 1.45-meter interval at 49.15 meters grading 4.00 g/t Au and 7.00 g/t Ag; LAC-25-BM-008 intersected a 0.25-meter interval at 50.15 meters grading 8.63 g/t Au and 70.00 g/t Ag; LAC-25-BM-009 intersected a 0.3-meter interval at 53.2 meters grading 5.32 g/t Au and 33.00 g/t Ag; LAC-25-BM-010 intersected a 0.4-meter interval at 50.9 meters grading 15.00 g/t Au and 95.00 g/t Ag. Based on revised geological modeling, the reported intervals represent true widths estimated at approximately 60% to 75% of the downhole length.
The technical team confirmed that the Baker Vein exhibits steeply dipping (approximately 85°), northeast-trending characteristics and is hosted within a shear zone containing secondary stringers. The grade distribution shows characteristics typical of a nuggety gold system, with vertical and along-strike grade fluctuations consistent with epithermal mineralization models. All holes successfully intersected the target vein, and the assay results provide cross-validation with historical data.
Ron Goguen, President and CEO of the Company, emphasized that the fan drilling design effectively revealed the vein geometry, providing critical basis for optimizing exploration strategy. The current drilling program has been fully completed, and the remaining sample analysis results will be released successively. All data will be integrated into a 3D geological model to guide subsequent exploration and development decisions.
The quality control system indicates that drilling utilized HQ-sized diamond core. Samples were split and sent to the ActLabs laboratory in Ancaster, Ontario, for analysis. The analytical process includes A2B-30 gold fire assay, 1A3-30 over-limit gold fire assay, and ICP analysis for silver, lead, and zinc. The laboratory holds ISO/IEC 17025 certification. The Company inserted standards and blanks for quality monitoring.
Canadian Gold Resources Ltd. is a junior exploration company focused on the Gaspé Peninsula, holding three high-grade gold assets covering approximately 16,000 hectares in total. The Company is concurrently advancing the permitting process for the first drilling at its Robidoux Project, also located on the Gaspé Peninsula. The technical team is led by senior geologist Mark Smethurst, who holds NI 43-101 compliant qualifications.
These exploration results validate the resource potential of the Baker Vein system and lay the groundwork for subsequent resource estimation. The Company plans to prioritize high-grade zones for infill drilling based on the geological model and grade distribution patterns, while advancing the permitting process for the Robidoux Project, aiming to create a synergistic two-region exploration strategy.
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