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Canadian Gold Resources (TSXV: CAN) has secured permits from Quebec's government for a bulk sampling program at its 100%-owned Lac Arsenault Gold Project. The program aims to test 5,000-10,000 tonnes of mineralized materials from the Baker and Mersereau veins.
The company must install three shallow water monitoring wells near the sampling area as a permit condition. Historical estimates from the 1970s indicated 40,000 tonnes grading 15.43 g/t gold and 197 g/t silver, while a 1996 report suggested 199,580 tonnes at 9.59 g/t gold (approximately 61,536 contained ounces). However, these estimates don't comply with current CIM standards and require validation.
The company emphasizes this is an exploration-only initiative, not a production decision, and no economic analysis or feasibility study has been completed.
Canadian Gold Resources (TSXV: CAN) has reported promising surface sampling results from its Lac Arsenault Property in Québec's Gaspé Peninsula. The June 2025 exploration program revealed significant high-grade gold and silver mineralization, with top samples yielding up to 28.9 g/t gold and 452 g/t silver.
The sampling focused on the Baker and Mersereau veins, with four notable samples showing exceptional grades, including high lead content up to 25.7%. Importantly, the company discovered new mineralization in previously overlooked Type-4 veins, expanding the property's potential. The company is now advancing toward a bulk sampling program, with permitting currently underway.
Canadian Gold Resources (TSXV: CAN) has filed for TSX Venture Exchange acceptance of a completed investor relations contract with consultant Fidel Thomas. The contract, which ran from December 1, 2024, to February 28, 2025, involved a total compensation of $9,450 ($3,150 monthly). The consultant's services included shareholder communication, coordinating meetings with investment professionals, capital sourcing assistance, and marketing support. The company chose not to extend the contract beyond its initial 3-month term. This filing follows an Exchange review of the company's flow-through private placement from December 2024.
