Canadian Gold Resources (TSXV: CAN) has completed the bulk sample extraction schematics and procedures for its Lac Arsenault Gold Project in Quebec. The program targets two key areas: the Mersereau Vein and Baker Vein. The bulk sampling aims to verify grade continuity, evaluate metallurgical recoveries, and gather technical and economic data for future development. The extracted material will be processed at an off-site toll milling facility, with gold recovery proceeds supporting exploration, growth initiatives, and potential shareholder dividends. The company awaits necessary approvals from Quebec's government. Additionally, Canadian Gold has engaged 1000903966 Ontario Inc. for a one-year marketing contract worth CAD$37,500 per quarter, focusing on social media engagement across platforms like X, Facebook, YouTube, and Reddit.
Canadian Gold Resources (TSXV: CAN) ha completato gli schemi e le procedure per l'estrazione del campione bulk del suo Progetto Oro Lac Arsenault in Quebec. Il programma si concentra su due aree principali: la Frattura Mersereau e la Frattura Baker. L'obiettivo del campionamento bulk è verificare la continuità della qualità, valutare le rese metallurgiche e raccogliere dati tecnici ed economici per lo sviluppo futuro. Il materiale estratto sarà lavorato in un impianto di macinazione esterno, con i proventi dal recupero dell'oro destinati a sostenere l'esplorazione, le iniziative di crescita e potenziali dividendi per gli azionisti. L'azienda è in attesa delle approvazioni necessarie dal governo del Quebec. Inoltre, Canadian Gold ha stipulato un contratto di marketing annuale con 1000903966 Ontario Inc., del valore di 37.500 CAD a trimestre, focalizzato sull'engagement sui social media su piattaforme come X, Facebook, YouTube e Reddit.
Canadian Gold Resources (TSXV: CAN) ha completado los esquemas y procedimientos para la extracción de muestras a granel de su Proyecto de Oro Lac Arsenault en Quebec. El programa se centra en dos áreas clave: la Vena Mersereau y la Vena Baker. El muestreo a granel tiene como objetivo verificar la continuidad de la ley, evaluar las recuperaciones metalúrgicas y recopilar datos técnicos y económicos para el desarrollo futuro. El material extraído será procesado en una planta de molienda externa, y los ingresos por recuperación de oro apoyarán la exploración, las iniciativas de crecimiento y posibles dividendos para los accionistas. La empresa espera las aprobaciones necesarias del gobierno de Quebec. Además, Canadian Gold ha contratado a 1000903966 Ontario Inc. para un contrato de marketing de un año por CAD$37,500 por trimestre, centrado en la participación en redes sociales en plataformas como X, Facebook, YouTube y Reddit.
Canadian Gold Resources(TSXV: CAN)는 캐나다 퀘벡에 위치한 라크 아르세노 골드 프로젝트의 대량 샘플 추출 계획과 절차를 완료했습니다. 이번 프로그램은 머서로우 광맥과 베이커 광맥 두 주요 구역을 대상으로 합니다. 대량 샘플링은 등급 연속성을 확인하고, 야금 회수율을 평가하며, 향후 개발을 위한 기술적·경제적 데이터를 수집하는 데 목적이 있습니다. 추출된 물질은 외부 위탁 제분 시설에서 처리되며, 금 회수 수익은 탐사, 성장 계획 및 잠재적 주주 배당금 지원에 사용됩니다. 회사는 현재 퀘벡 정부의 필요한 승인 절차를 기다리고 있습니다. 또한 Canadian Gold는 1000903966 Ontario Inc.와 분기당 CAD$37,500 규모의 1년 마케팅 계약을 체결하여 X, 페이스북, 유튜브, 레딧 등 소셜 미디어 플랫폼에서의 참여를 집중적으로 추진하고 있습니다.
Canadian Gold Resources (TSXV : CAN) a finalisé les schémas et procédures d'extraction d'échantillons en vrac pour son projet aurifère Lac Arsenault au Québec. Le programme cible deux zones clés : la veine Mersereau et la veine Baker. Le prélèvement en vrac vise à vérifier la continuité de la teneur, à évaluer les récupérations métallurgiques et à recueillir des données techniques et économiques pour le développement futur. Le matériau extrait sera traité dans une installation de broyage sous contrat externe, les recettes issues de la récupération de l'or soutenant l'exploration, les initiatives de croissance et les dividendes potentiels aux actionnaires. La société attend les approbations nécessaires du gouvernement du Québec. Par ailleurs, Canadian Gold a engagé 1000903966 Ontario Inc. pour un contrat marketing d'un an d'une valeur de 37 500 CAD par trimestre, axé sur l'engagement sur les réseaux sociaux tels que X, Facebook, YouTube et Reddit.
Canadian Gold Resources (TSXV: CAN) hat die Pläne und Verfahren für die Entnahme von Großproben seines Lac Arsenault Goldprojekts in Quebec abgeschlossen. Das Programm konzentriert sich auf zwei Hauptbereiche: die Mersereau-Verwerfung und die Baker-Verwerfung. Das Großprobenentnahmeziel ist die Überprüfung der Kontinuität des Erzgehalts, die Bewertung der metallurgischen Rückgewinnung sowie die Sammlung technischer und wirtschaftlicher Daten für die zukünftige Entwicklung. Das entnommene Material wird in einer externen Lohnmühle verarbeitet, wobei die Erlöse aus der Goldrückgewinnung die Exploration, Wachstumsinitiativen und mögliche Dividenden für Aktionäre unterstützen. Das Unternehmen wartet auf die notwendigen Genehmigungen der Regierung von Quebec. Zusätzlich hat Canadian Gold einen einjährigen Marketingvertrag mit 1000903966 Ontario Inc. abgeschlossen, der mit CAD$37.500 pro Quartal dotiert ist und sich auf die Social-Media-Aktivitäten auf Plattformen wie X, Facebook, YouTube und Reddit konzentriert.
Positive
Potential revenue generation from gold recovery during bulk sampling
Proceeds may support shareholder dividends
Company owns 100% of the Lac Arsenault Gold Project
Negative
Project still requires government approvals before proceeding
Additional marketing expenses of CAD$150,000 annually
Dependency on off-site toll milling facility for processing
Dieppe, New Brunswick--(Newsfile Corp. - May 22, 2025) - Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadian Gold" or the "Company") is pleased to announce that it has finalized the bulk sample extraction schematics and procedures for a bulk sampling program at its 100%-owned Lac Arsenault Gold Project, located in the Gaspé region of eastern Quebec.
The extraction schematics and procedures outline the removal of mineralized material from surface at two key targets on the property: the Mersereau Vein and the Baker Vein.
The planned bulk sample is designed to confirm grade continuity, assess metallurgical recoveries, and provide critical technical and economic data to guide the next phase of development. All extracted material will be processed at an off-site toll milling facility, and proceeds from any gold recovered will be used to support ongoing exploration, corporate growth initiatives, and potential dividends to shareholders.
The Company is currently awaiting the necessary approvals from the Government of Quebec to permit the execution of the bulk sample extraction as outlined in the finalized schematics. Canadian Gold is actively engaged with regulators to ensure all requirements are met efficiently and responsibly.
Illustration 1: Plan View of the Mersereau Vein and Baker Vein at Lac Arsenault
Map illustrating the surface trace of the Mersereau and Baker veins
The Company is also pleased to announce that it has entered into an advertising/e-marketing contract with 1000903966 Ontario Inc. to provide marketing services, including social media engagement through X (formerly Twitter), Facebook, YouTube, and Reddit.
The initial term of the agreement is for 365 days, starting on May 20th, 2025, and may be renewed by mutual written agreement. At the start of each 90-day period, 1000903966 Ontario Inc. will be paid CAD$37,500 plus applicable taxes. Subject to the digital marketing budget, quarterly payments may be accelerated by mutual agreement without changing the total compensation during the one-year engagement period.
Qualified Person
Mark Smethurst, P. Geo and a Director for Canadian Gold Resources Ltd. is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.
About Canadian Gold Resources Inc.
Canadian Gold Resources Inc. is a junior exploration company focused on high-potential gold assets in Canada. Its flagship Lac Arsenault Project, located in Quebec's Gaspé Peninsula, targets high-grade, vein-hosted gold systems with strong surface and subsurface indicators of economic mineralization.
Neither 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.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements." Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.
For information contact: Ron Goguen, President, CEO and Director, Tel: (506) 383-4274, rongoguen@cdngold.com.
What is the purpose of CDNGF's bulk sampling program at Lac Arsenault?
The bulk sampling program aims to confirm grade continuity, assess metallurgical recoveries, and provide critical technical and economic data to guide the next phase of development at the Lac Arsenault Gold Project.
Which veins are targeted in Canadian Gold Resources' bulk sampling program?
The bulk sampling program targets two key areas: the Mersereau Vein and the Baker Vein at the Lac Arsenault Gold Project.
How much is Canadian Gold Resources spending on marketing services?
Canadian Gold Resources will pay CAD$37,500 plus applicable taxes per quarter (CAD$150,000 annually) to 1000903966 Ontario Inc. for marketing services.
What will Canadian Gold Resources do with the proceeds from the bulk sample program?
Proceeds from any gold recovered will be used to support ongoing exploration, corporate growth initiatives, and potential dividends to shareholders.
What approvals does CDNGF need for the Lac Arsenault bulk sampling program?
The company requires necessary approvals from the Government of Quebec to permit the execution of the bulk sample extraction as outlined in the finalized schematics.
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