Canadian Gold Resources Reports Drill Results Confirming Continuity of Mineralization at The Baker Vein
Canadian Gold Resources Reports Drill
Results Confirming Continuity of
Mineralization at The Baker Vein
Dieppe, New Brunswick--(Newsfile Corp. - April 6, 2026) - Canadian Gold Resources Ltd. (TSXV: CAN)
("Canadian Gold" or the "Company") is pleased to report initial results from its completed diamond
drilling program at the Lac Arsenault Project located in the Gaspé Peninsula, Québec.
The drill program was designed to test the presence and geometry of gold mineralization at depth and
along strike within the Baker vein system, including beneath the area targeted for the planned bulk
sample. A total of ten (10) drill holes were completed in three fan configurations with varying dips
designed to test the geometry of the mineralized structure.
Highlights
LAC-25-BM-001:
19.5 g/t Gold and 47.0 g/t Silver over 1.0 metre beginning 30.35 metres
downhole and 1.89 g/t Gold over 1.3 metres beginning 40 metres downhole (previously reported)
LAC-25-BM-002:
7.01 g/t Gold over 1.2 metres beginning 42.25 metres downhole
LAC-25-BM-003:
4.00 g/t Gold and 7.00 g/t Silver over 1.45 metres beginning 49.15 metres
downhole
LAC-25-BM-008:
8.63 g/t Gold and 70.00 g/t Silver over 0.25 metres beginning 50.15 metres
downhole
LAC-25-BM-009:
5.32 g/t Gold and 33.00 g/t Silver over 0.3 metres beginning 53.2 metres
downhole
LAC-25-BM-010:
15.00 g/t Gold and 95.00 g/t Silver over 0.4 metres beginning 50.9 metres
downhole
Management Commentary
Ron Goguen, President and CEO of Canadian Gold Resources, commented:
"These results represent an important step in advancing our understanding of the Baker vein system.
The program was specifically designed to test the geometry of the vein through fan drilling, and the
results provide valuable information to guide future work, including the continued evaluation of the
planned bulk sample area."
A total of ten (10) drill holes were completed in three fan configurations, oriented generally between 298°
and 306° azimuth (true north), except for hole LAC-25-BM-010, which was oriented at 283°, with varying
dips designed to test the geometry and continuity of the mineralized structure:
Holes 1, 2, and 3 were drilled as a fan at dips of 45°, 60°, and 70°, respectively
Holes 4, 5, and 6 were collared approximately 20 metres southwest along strike from Holes 1-3
Holes 7, 8, 9, and 10 were collared approximately 20 metres northeast along strike from Holes 1-3
The Baker vein is interpreted as a steeply dipping (~85°) structure trending northeast and hosted within a
broader shear zone containing subsidiary veinlets. Mineralization is characterized by variability in grade
distribution typical of nuggety gold systems.
All drill holes intersected the Baker vein, with assay results confirming the presence of gold
mineralization throughout the tested area.
The Company also reports that the current drill program at Lac Arsenault has now been completed.
Remaining assay results will be released as they are received, compiled, and interpreted. The Company
will integrate all results into an updated geological model to determine next steps in exploration and
development.
In parallel, the Company is advancing permitting for its maiden diamond drill program at its 100%-owned
Robidoux Project, also located in the Gaspé Peninsula, Québec.
Reported intervals are downhole lengths. Estimated true widths are approximately 60% to 75% of
reported downhole intervals based on current geological interpretation of the Baker vein geometry. True
widths are preliminary in nature and may be refined with additional drilling.
Drill Hole Collar Information (NAD83, Zone 19N)
Hole ID
Easting
Northing
Elevation (m)
Dip (°)
Azimuth (°)
Length (m)
LAC-25-BM-001
335085
5360707
—
45
298
105
LAC-25-BM-002
335085
5360707
—
60
298
87
LAC-25-BM-003
335085
5360707
—
70
298
78
LAC-25-BM-004
335069
5360695
—
45
303
69
LAC-25-BM-005
335069
5360695
—
60
306
81
LAC-25-BM-006
335069
5360695
—
70
306
87
LAC-25-BM-007
335102
5360722
—
45
298
90
LAC-25-BM-008
335102
5360722
—
60
301
102
LAC-25-BM-009
335102
5360722
—
70
303
87
LAC-25-BM-010
335102
5360722
—
45
283
81
Selected Intervals - Downhole vs Estimated True Width
Hole
Downhole (m)
Estimated True Width (m)
BM-001
1.0
0.75
BM-002
1.2
0.7
BM-003
1.45
0.6
BM-008
0.25
0.15
BM-009
0.3
0.13
BM-010
0.4
0.3
Results from the program demonstrate the presence of gold mineralization at depth beneath the planned
bulk sample area and along strike within the tested corridor, consistent with historical drilling; however,
additional drilling is required to confirm continuity. Gold grades vary both vertically and along strike,
consistent with the nugget effect commonly associated with epithermal-style gold mineralization.
Higher-grade intervals may occur within broader zones of lower-grade mineralization; where applicable,
the Company reports individual higher-grade intervals separately rather than compositing into broader
lower-grade intervals.
Sampling, Analytical Methods and QA/QC
Drilling was completed using HQ-sized diamond core, which was split to half-core for sampling.
Samples were securely transported to Activation Laboratories Ltd. ("ActLabs") in Ancaster,
Ontario.Analytical methods include:
A2B-30 gold fire assay
1A3-30 gold fire assay (overlimit method)
Silver, lead, and zinc analyzed using ICP No capping of gold or silver assays has been applied.
ActLabs is accredited under ISO/IEC 17025 standards. The Company maintains a QA/QC program
including insertion of certified standards and blanks at regular intervals.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Mark
Smethurst, P.Geo., a Qualified Person under NI 43-101.
About Canadian Gold Resources Ltd.
Canadian Gold Resources Ltd. (TSXV: CAN) is a junior exploration company advancing three high-
grade gold properties totaling ~16,000 hectares in Québec's Gaspé Peninsula. The Company's strategy
is to unlock the potential of historically explored assets through modern exploration and development,
supported by a management team with a proven track record in discovery and project advancement.
For further information, please contact:
Ronald J. Goguen
President & CEO, Director
Canadian Gold Resources Ltd.
+1 (506) 857-4090
Investor Relations
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Canadian Gold trades on the TSX Venture Exchange under the ticker CAN and has 54,868,876
common shares outstanding.
Forward-Looking Statements Disclaimer
:
This news release contains "forward-looking statements," including but not limited to statements
regarding anticipated exploration activities, timing, objectives, and potential outcomes of the drill
program. Forward-looking statements are based on current expectations and assumptions that are
subject to risks and uncertainties that may cause actual results to differ materially. Readers are
cautioned not to place undue reliance on these statements. Canadian Gold disclaims any obligation to
update or revise any forward-looking information, except as required by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/291268