Canadian Gold Resources Ltd. reports exploration and corporate developments for a junior gold issuer focused on Québec's Gaspé Peninsula. The company is advancing three high-grade gold properties totaling approximately 16,000 hectares, including the 100%-owned Lac Arsenault Project along the Grand Pabos Fault.
Recurring news centers on Lac Arsenault diamond drilling, assay results, mineralization continuity in the Baker vein system, bulk-sampling and permitting matters, and technical work on the Baker, Mersereau, and Dunning vein systems. Company updates also include capital-structure disclosures, operating and financial results, board and governance matters, and its semi-annual reporting framework as a Canadian venture issuer.
Canadian Gold Resources (CDNGF) has increased its Québec Gaspé Peninsula land position by approximately 72% through staking 195 new mineral claims covering about 11,164 hectares immediately south of its Lac Arsenault and Robidoux properties.
The total land package now spans roughly 29,225 hectares (about 72,000 acres), securing additional ground along the Garin River Fault and related structural splays, which the company views as prospective for vein-type gold mineralization. Regional geophysical data also highlight a broad magnetic feature within the newly acquired area that the company considers an additional exploration target. Initial work will focus on data review and field reconnaissance to prioritize follow-up exploration.
Canadian Gold Resources (TSXV: CAN, OTC: CDNGF) has appointed veteran economic geologist Jamie Lavigne, P.Geo., M.Sc. as Chief Geologist, effective immediately. Lavigne brings over 30 years of global mineral exploration, resource modelling and NI 43-101 reporting experience and will lead all geological and technical aspects of Canadian Gold’s exploration portfolio, including the Lac Arsenault, Robidoux and VG Boulder projects in Québec.
The company also granted an aggregate 1,600,000 incentive stock options to directors, officers, employees and consultants under its stock option plan. The options have exercise prices between $0.18 and $0.25 per share, all set at a substantial premium to the current market price, and terms of five to ten years, with director options carrying ten-year terms, subject to the plan and regulatory requirements. According to Canadian Gold, pricing the options above market is intended to better align insider incentives with shareholder value creation. The company reports 58,068,876 common shares outstanding following the recent placement.
Canadian Gold Resources (CDNGF, TSXV: CAN) announced it will not proceed with its previously planned Listed Issuer Financing Exemption (LIFE) offering. The company has also concluded its engagement of Research Capital Corporation as exclusive finder and sole bookrunner for that financing.
According to Canadian Gold, it will continue evaluating alternative financing options to support its 2026 exploration and drilling programs at the Lac Arsenault, Robidoux and VG Boulder projects in the Gaspé Peninsula, while aiming to maintain disciplined capital allocation and long-term shareholder value.
Canadian Gold Resources (OTC: CDNGF, TSXV: CAN) released the results of its June 19, 2026 Annual and Special Meeting of Shareholders held in Dieppe, New Brunswick.
Shareholders elected five directors, re-appointed the company’s auditor, and approved a rolling stock option plan, supporting ongoing exploration on Gaspé Peninsula properties.
Canadian Gold Resources (OTCQB:CDNGF) announced its 2026 exploration program across its 100%-owned Lac Arsenault, Robidoux and VG Boulder projects in Québec.
Plans include expanded diamond drilling and a bulk sample at Lac Arsenault, first drilling at Robidoux, reconnaissance at VG Boulder, and operational enhancements after assay delays.
Canadian Gold Resources (OTC:CDNGF, TSXV:CAN) announced that director Mark Smethers has resigned from the Board of Directors, effective immediately, on June 5, 2026.
The company thanked him for his service and stated that the Board will continue its responsibilities in the normal course.
Canadian Gold Resources (OTC: CDNGF) announced a planned leadership transition effective May 6, 2026.
Founder Ron Goguen Sr. stepped down as President and CEO and will remain as Chairman of the Board. Kenneth Chernin was appointed Interim President and CEO; he joined corporate development in July 2025 and has 20+ years in capital markets. The company said its immediate priorities are advancing exploration, corporate execution, and near-term drilling results at Lac Arsenault.
Canadian Gold Resources (TSXV: CAN / OTC: CDNGF) appointed Kenneth Chernin to its board effective April 28, 2026. Chernin offers 20+ years in capital markets, investor relations and equity research, including roles at IAMGOLD and as Founder of Parr Capital Advisors. Management says his expertise will support Lac Arsenault Project advancement and efforts to attract institutional capital and improve market visibility.
Canadian Gold Resources (OTC: CDNGF) announced adoption of the Coordinated Blanket Order 51-933 to move from quarterly to semi-annual financial reporting.
The company will not file interim financial statements or MD&A for periods ending March 31 and September 30, but will continue audited annual statements (due within 120 days of December 31) and six-month interim reports (due within 60 days of June 30). Canadian Gold says the change aims to lower administrative costs and allow management to focus on exploration while continuing to disclose material changes under NI 51-102.
Canadian Gold Resources (CDNGF) reported initial diamond drill results from the Lac Arsenault Project Baker vein on April 6, 2026. Ten holes tested geometry and continuity; all intersected the Baker vein and assays confirm gold mineralization at depth beneath the planned bulk sample area and along strike.
Selected intercepts include 19.5 g/t Au over 1.0 m, 15.0 g/t Au over 0.4 m, and other high-grade intervals. Estimated true widths range ~60%–75% of downhole lengths; remaining assays will be released as received.