Canadian Gold Set to Launch Maiden Diamond Drill Program at Flagship Lac Arsenault Gold Property
Canadian Gold Resources (CDNGF) will begin a maiden diamond drill program at its 100%‑owned Lac Arsenault property in Gaspé, Québec, starting November 10, 2025. The campaign comprises a minimum of 3,000 metres in at least 36 holes, focused on high‑priority targets along the Grand Pabos Fault system and is expected to run ~four weeks.
Key aims include twinning historical holes at Baker Vien and Mersereau Vein, building an NI 43‑101‑compliant database with QA/QC, refining geological and structural models, and testing strike and depth extensions informed by recent IP and geophysical surveys. Initial assay results are anticipated in Q1 2026.
Canadian Gold Resources (CDNGF) avvierà un primo programma di trivellazioni diamantine presso la proprietà Lac Arsenault, di proprietà al 100% e situata a Gaspé, Québec, a partire dal 10 novembre 2025. Il programma prevede un minimo di 3.000 metri di trivellazione in almeno 36 fori, concentrandosi su obiettivi prioritari lungo il sistema di faglie Grand Pabos e dovrebbe durare circa quattro settimane.
Le principali finalità includono il duplicare i pozzi storici presso Baker Vien e la vena Mersereau, costruire un database conforme NI 43-101 con QA/QC, affinare i modelli geologici e strutturali e testare estensioni in lunghezza ( strike ) e in profondità, in base alle informazioni fornite dai recenti rilievi IP e geofisici. I primi risultati degli esami dovrebbero essere disponibili nel Q1 2026.
Canadian Gold Resources (CDNGF) iniciará un primer programa de perforación con diamante en la propiedad Lac Arsenault, de 100% propiedad, en Gaspé, Québec, a partir del 10 de noviembre de 2025. La campaña comprende un mínimo de 3.000 metros en al menos 36 hoyos, enfocada en objetivos prioritarios a lo largo del sistema de fallas Grand Pabos y se espera que dure unas cuatro semanas.
Los objetivos clave incluyen clonar (twins) hoyos históricos en Baker Vien y en la vena Mersereau, construir una base de datos conforme NI 43-101 con QA/QC, refinar modelos geológicos y estructurales, y probar extensiones en trazo (strike) y profundidad, informadas por las recientes campañas IP y por levantamientos geofísicos. Se esperan los primeros resultados de ensayos en el Q1 de 2026.
Canadian Gold Resources (CDNGF) 은 100% 소유의 Lac Arsenault 자산에서 최초 다이아몬드 시추 프로그램을 시작합니다. 일정은 2025년 11월 10일에 시작하며, 캠페인은 최소 3,000미터를 최소 36개 구멍으로 시추하고 Grand Pabos Fault 시스템을 따라 우선순위 대상에 집중하며 약 4주 정도 소요될 예정입니다.
주요 목표로는 Baker Vien 및 Mersereau Vein의 역사적 구멍을 협성(twin)하고, QA/QC를 갖춘 NI 43-101 준수 데이터베이스를 구축하며, 지질 및 구조 모델을 정제하고, 최근 IP 및 지구물리 탐사에 기반한 Strike 방향 및 깊이 확장 시험을 포함합니다. 초기 분석 결과는 2026년 1분기에 예측됩니다.
Canadian Gold Resources (CDNGF) commencera un premier programme de forage diamantifère sur la propriété Lac Arsenault, entièrement détenue, à Gaspé (Québec), à partir du 10 novembre 2025. La campagne comprendra au minimum 3 000 mètres de forage répartis sur au moins 36 puits, axés sur des cibles prioritaires le long du système de failles Grand Pabos et devrait durer environ quatre semaines.
Les objectifs clés incluent le doublage de forages historiques à Baker Vien et à la veine Mersereau, la construction d'une base de données conforme NI 43‑101 avec QA/QC, l'affinement des modèles géologiques et structuraux, et le test des extensions en direction du strike et en profondeur, sur la base des levés IP et géophysiques récents. Les premiers résultats de forage sont prévus au Q1 2026.
Canadian Gold Resources (CDNGF) wird ab dem 10. November 2025 ein erstes Diamantbohrprogramm auf der zu 100% Eigentum gehörenden Liegenschaft Lac Arsenault in Gaspé, Québec, beginnen. Die Kampagne umfasst mindestens 3.000 Meter in mindestens 36 Bohrlöchern, fokussiert auf priorisierte Ziele entlang des Grand Pabos Fault-Systems und wird voraussichtlich etwa vier Wochen dauern.
Zu den Hauptzielen gehören das Zwillingführen historischer Bohrlöcher bei Baker Vien und der Mersereau-Vein, der Aufbau einer NI 43-101-konformen Datenbank mit QA/QC, die Verfeinerung geologischer und strukturaler Modelle sowie das Testen von Extensions in Richtung Strike und Tiefe, basierend auf den jüngsten IP- und geophysikalischen Vermessungen. Erste Versuchsergebnisse werden im Q1 2026 erwartet.
Canadian Gold Resources (CDNGF) ستبدأ برنامج حفر ماسيّات أولي في الملكية Lac Arsenault المملوكة بالكامل بنسبة 100% في جاسو، كيبك، ابتداءً من 10 نوفمبر 2025. تتضمن الحملة حد أدنى من 3,000 متر في ما لا يقل عن 36 بئراً، مركزة على أهداف ذات أولوية عالية على طول نظام فالس Grand Pabos ومن المتوقع أن تستغرق نحو أربعة أسابيع.
تشمل الأهداف الرئيسية تقليد (twinning) آبار تاريخية في Baker Vien وMersereau Vein، وبناء قاعدة بيانات متوافقة مع NI 43-101 مع QA/QC، وصقل النماذج الجيولوجية والهيكلية، واختبار امتدادات الاتجاه (strike) والعمق اعتماداً على المسوحات IP والمسوحات الجيوفيزيائية الحديثة. نتائج التحاليل الأولية متوقعة في الربع الأول من 2026.
- Maiden drill program of 3,000 metres scheduled to start on Nov 10, 2025
- At least 36 holes targeting multiple high‑priority zones
- Program includes twinning historical holes to support an NI 43‑101‑compliant database
- Targets guided by recent IP and geophysical survey data
- Field campaign spans only ~four weeks, limiting immediate coverage
- Initial assay results not expected until Q1 2026, delaying near‑term resource updates
Dieppe, New Brunswick--(Newsfile Corp. - November 4, 2025) - Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadian Gold" or the "Company") is pleased to announce that the maiden diamond drill program at its
The program will comprise a minimum of 3,000 metres of diamond drilling in at least 36 holes, targeting multiple high-priority zones along the Grand Pabos Fault system. The campaign is expected to span approximately four weeks, with initial assay results anticipated in Q1 2026.
Management Commentary
"Initiating our maiden drill program at Lac Arsenault is a significant step forward for Canadian Gold," said Ronald Goguen, President and CEO. "This program is designed to confirm the strength, continuity, and expansion potential of gold mineralization within this promising structural corridor—an essential step toward unlocking near-term value and advancing the project toward production readiness."
The drill program is designed to achieve several key objectives:
Modernize and validate historical data
Canadian Gold intends to establish a comprehensive, NI 43-101-compliant database integrating assay results and QA/QC protocols. The program will twin select historical holes at the Baker Vien and Mersereau Vein and complete step-out drilling to verify grades, continuity, and data integrity. These results will support the advancement of a potential NI 43-101-compliant mineral resource estimate.
Refine geological and structural understanding
Drilling will further define the geometry, grade distribution, and continuity of mineralized zones by improving the interpretation of structural and lithological controls on gold mineralization. This work will test both lateral and vertical extensions of known zones, evaluate alteration patterns, and enhance the geological model that underpins future targeting and resource expansion.
Expand mineralization along strike and at depth
Using data from recent induced polarization (IP) and geophysical surveys, the program will target extensions of the gold-bearing structures at the Baker Vien and Mersereau Vein. The focus will be on step-outs and deeper holes aimed at confirming the strike and vertical continuity of mineralization and identifying new zones of potential discovery.
About the Lac Arsenault Project
The Lac Arsenault Property, located in Québec's Gaspé region, lies along the Grand Pabos Fault within the Gaspé–Newfoundland tectonic belt. This structure shares geological characteristics with prolific gold-bearing systems such as the Cadillac–Larder Lake Fault Zone in Abitibi and the Cape Ray–Valentine Lake Shear Zone in Newfoundland. The property hosts several high-grade, epithermal-style vein systems, including the Baker, Mersereau, and Dunning veins, with historical exploration outlining significant gold-silver-base metal mineralization that provides a strong platform for the Company's current work. Covering more than 3,600 hectares, Lac Arsenault is strategically located near tidewater at New Richmond, Québec, offering excellent road, power, and rail infrastructure within one of Canada's most established mining jurisdictions.
Historical Resource Estimate Disclosure (NI 43-101 2.4)
Stevenson, L. (1975): 40,000 tonnes grading 15.43 g/t Au and 197 g/t Ag (Esso Minerals Canada).
Côté, R. (1996): 199,580 tonnes grading 9.59 g/t Au (~61,536 contained oz Au).
These historical estimates predate NI 43-101 and were based on sampling, trenching, and drilling using manual polygonal methods. A Qualified Person has not completed sufficient work to classify the estimates as current mineral resources or reserves. The Company is not treating them as current and further verification is required.
These historical estimates pre-date the adoption of current CIM Definition Standards (2014) and therefore cannot be directly compared to modern resource categories (i.e., "Inferred," "Indicated," or "Measured"). The terminology and estimation methodologies used at the time are not compliant with current CIM categories, and no classification equivalence is implied.
The Company considers these historical estimates to be relevant, as they demonstrate the presence of significant gold and silver mineralization at shallow depths within the Baker and Mersereau vein systems, which remain priority targets for verification and expansion. However, their reliability is uncertain because the underlying data, methods, and QA/QC procedures are not adequately documented to current standards. The Company is not treating the estimate as current.
To the Company's knowledge, there are no more recent mineral resource estimates available for the Lac Arsenault Property that would supersede these historical figures.
To bring these into compliance, Canadian Gold plans to:
Conduct systematic drilling to confirm grades and geometry;
Complete verification sampling and density determinations;
Build a validated geological model with modern QA/QC protocols;
Commission an independent NI 43-101 compliant resource estimate.
Qualified Person Statement:
The scientific and technical information in this news release has been reviewed and approved by Mark Smethurst, P.Geo., Director of Canadian Gold and 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.
rongoguen@cdngold.com
+1 (506) 857-4090
Investor Relations
investors@cdngold.com
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 36,667,221 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/273030
FAQ
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