Canadian Gold Resources has completed key site preparation activities at its Lac Arsenault Gold Project in Quebec's Gaspé region. The company conducted surface washing of outcrop exposures at the Mersereau and Baker Veins to optimize their upcoming bulk sample program. During these preparations, the geological team discovered a new vein structure approximately 500 meters northwest of the Baker Vein, showing similar quartz-carbonate veining and sulphides characteristics. The new structure runs subparallel to the Baker Vein, and samples have been collected for geochemical analysis. The recent work has enhanced surface visibility and exposed fresh mineralized rock, helping to better define bulk sampling zones.
Canadian Gold Resources ha completato le principali attività di preparazione del sito presso il progetto aurifero Lac Arsenault nella regione della Gaspé, Quebec. La società ha effettuato il lavaggio superficiale delle esposizioni di affioramenti nelle vene Mersereau e Baker per ottimizzare il prossimo programma di campionamento in massa. Durante queste operazioni, il team geologico ha scoperto una nuova struttura a vena a circa 500 metri a nord-ovest della vena Baker, che presenta caratteristiche simili di vene quarzo-carbonato e solfuri. La nuova struttura corre subparallela alla vena Baker e sono stati raccolti campioni per analisi geochimiche. I recenti lavori hanno migliorato la visibilità superficiale ed esposto rocce mineralizzate fresche, contribuendo a definire meglio le zone di campionamento in massa.
Canadian Gold Resources ha completado las actividades clave de preparación del sitio en su proyecto aurífero Lac Arsenault, en la región de Gaspé, Quebec. La compañía realizó el lavado superficial de las exposiciones de afloramientos en las vetas Mersereau y Baker para optimizar su próximo programa de muestreo a granel. Durante estas preparaciones, el equipo geológico descubrió una nueva estructura de veta aproximadamente a 500 metros al noroeste de la veta Baker, mostrando características similares de vetas de cuarzo-carbonato y sulfuros. La nueva estructura corre subparalela a la veta Baker y se han recolectado muestras para análisis geoquímicos. El trabajo reciente ha mejorado la visibilidad superficial y ha expuesto roca mineralizada fresca, ayudando a definir mejor las zonas de muestreo a granel.
Canadian Gold Resources는 캐나다 퀘벡 주 가스페 지역에 위치한 Lac Arsenault 금 프로젝트에서 주요 현장 준비 작업을 완료했습니다. 회사는 다가오는 대량 샘플링 프로그램을 최적화하기 위해 Mersereau 및 Baker 정맥의 노출된 암석 표면을 세척했습니다. 이 준비 과정에서 지질팀은 Baker 정맥에서 약 500미터 북서쪽에 유사한 석영-탄산염 정맥과 황화광 특성을 가진 새로운 정맥 구조를 발견했습니다. 이 새로운 구조는 Baker 정맥과 거의 평행하게 뻗어 있으며, 지구화학 분석을 위해 샘플이 수집되었습니다. 최근 작업을 통해 표면 가시성이 향상되고 신선한 광물화 암석이 노출되어 대량 샘플링 구역을 보다 정확히 정의하는 데 도움이 되었습니다.
Canadian Gold Resources a achevé les principales activités de préparation du site pour son projet aurifère Lac Arsenault dans la région de Gaspé au Québec. L'entreprise a procédé au nettoyage de surface des affleurements des veines Mersereau et Baker afin d'optimiser son prochain programme d'échantillonnage en vrac. Lors de ces préparatifs, l'équipe géologique a découvert une nouvelle structure de veine située à environ 500 mètres au nord-ouest de la veine Baker, présentant des caractéristiques similaires de veines quartz-carbonate et de sulfures. Cette nouvelle structure est subparallèle à la veine Baker, et des échantillons ont été prélevés pour analyse géochimique. Les travaux récents ont amélioré la visibilité en surface et exposé des roches minéralisées fraîches, aidant à mieux définir les zones d'échantillonnage en vrac.
Canadian Gold Resources hat wichtige Standortvorbereitungen für sein Lac Arsenault Goldprojekt in der Gaspé-Region von Quebec abgeschlossen. Das Unternehmen führte eine Oberflächenreinigung der Aufschlüsse an den Mersereau- und Baker-Gängen durch, um das bevorstehende Bulk-Sampling-Programm zu optimieren. Während dieser Vorbereitungen entdeckte das geologische Team eine neue Gangstruktur etwa 500 Meter nordwestlich des Baker-Gangs, die ähnliche Quarz-Karbonat-Vererzungen und Sulfidmerkmale aufweist. Die neue Struktur verläuft subparallel zum Baker-Gang, und Proben wurden zur geochemischen Analyse entnommen. Die jüngsten Arbeiten haben die Sichtbarkeit an der Oberfläche verbessert und frisches mineralisiertes Gestein freigelegt, was zur besseren Definition der Bulk-Sampling-Zonen beiträgt.
Positive
Discovery of a new vein structure with similar characteristics to the Baker Vein, potentially expanding the project's resource potential
Successful completion of site preparation activities for the bulk sampling program
Enhanced visibility and delineation of mineralized structures through surface washing activities
100% ownership of the Lac Arsenault Gold Project
Negative
Pending assay results from the newly discovered vein structure
Timeline for bulk sampling program not yet finalized
Dieppe, New Brunswick--(Newsfile Corp. - June 12, 2025) - Canadian Gold Resources Inc. (TSXV: CAN) ("Canadian Gold" or the "Company") is pleased to report the completion of key site preparation activities at its 100%-owned Lac Arsenault Gold Project, located in the Gaspé region of Quebec. As part of preparations for the upcoming bulk sample program, Company crews have conducted surface washing of outcrop exposures at both the Mersereau and Baker Veins to further delineate mineralized structures and optimize the bulk sampling plan.
The Mersereau and Baker Veins, previously highlighted in the Company's April 22 and May 16, 2025 news releases, are known to host high-grade gold and silver mineralization. The recent washing activities have successfully enhanced surface visibility, exposed fresh mineralized rock and aided in the design of targeted extraction areas for the upcoming bulk sample.
Photo 1: Surface preparation works underway at Lac Arsenault's "Baker Vein" area.Note the precious metal mineralized quartz vein system is at surface. (highlighted)
During the course of this work, Canadian Gold's geological team discovered a previously unrecognized vein structure located approximately 500 metres northwest of the Baker Vein. This new structure trends subparallel to the Baker Vein and exhibits similar quartz-carbonate veining with associated sulphides. Representative samples have been collected and will be submitted for geochemical analysis.
Mark Smethurst, P.Geo., Director and Qualified Person for Canadian Gold Resources, commented:
"The work completed at Lac Arsenault over the past weeks has not only refined our bulk sampling plan but also demonstrated the untapped potential of this gold system. The exposure of clean vein surfaces has provided us with greater geological clarity and allowed us to more confidently define and prioritize our bulk sampling zones. In addition, the identification of a new vein structure to the northwest of the Baker Vein is a potentially significant development that further supports the potential scale and structural complexity of the project."
Canadian Gold continues to advance preparations for the bulk sample program and will provide further updates on the program timeline, assay results, and ongoing exploration activities in the coming weeks.
All technical information in this release has been reviewed and approved by Mark Smethurst, P.Geo. a Qualified Person as defined under National Instrument 43-101.
About Canadian Gold Resources Inc.
Canadian Gold Resources Inc. is a Canadian-based junior exploration company focused on advancing high-grade gold and silver assets in mining-friendly jurisdictions. The Company's flagship Lac Arsenault Project in Quebec hosts multiple gold-bearing epithermal vein systems and offers significant expansion potential through near-surface exploration and development.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
What did Canadian Gold Resources (CDNGF) discover at their Lac Arsenault project?
Canadian Gold Resources discovered a new vein structure approximately 500 meters northwest of the Baker Vein, showing similar quartz-carbonate veining and sulphides characteristics to existing structures.
Where is Canadian Gold Resources' Lac Arsenault Gold Project located?
The Lac Arsenault Gold Project is located in the Gaspé region of Quebec, Canada.
What preparation work has Canadian Gold Resources completed at Lac Arsenault?
The company has completed surface washing of outcrop exposures at both the Mersereau and Baker Veins to delineate mineralized structures and optimize the bulk sampling plan.
What are the main veins at Canadian Gold Resources' Lac Arsenault project?
The main veins at the project are the Mersereau and Baker Veins, which are known to host high-grade gold and silver mineralization.
What is the next step for Canadian Gold Resources at Lac Arsenault?
The company is advancing preparations for a bulk sample program and will provide updates on the program timeline, assay results, and ongoing exploration activities in the coming weeks.
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