Canadian Gold Stock Price, News & Analysis

Canadian Gold Corp. (TSXV: CGC) has launched two field exploration programs at its Hammond Reef South and Tartan West properties. The Hammond Reef South program, funded by a recent $385,000 flow-through share placement, aims to follow up on high-grade gold discoveries from 2024 that yielded up to 35.4 gpt gold.

The property is strategically located just 2 km from Agnico Eagle's Hammond Reef Deposit, which contains over 5 million ounces of gold. At Tartan West, the company is conducting ground reconnaissance along the Tartan Shear Zone, with historic samples showing impressive grades of up to 118 gpt gold and historic drilling results including 44.2 gpt gold over 2.5 metres.

Canadian Gold Corp. (TSXV: CGC) announced the lifting of evacuation orders in Flin Flon, Manitoba, where their Tartan Mine Property is located. While local businesses and critical services are expected to resume operations, access to backcountry areas, including the Tartan Mine, remains restricted due to proximity to active forest fires.

The company had temporarily suspended drilling operations during the evacuation period. Canadian Gold will provide updates on the surface infrastructure at Tartan once access is restored and field crews can return to the site.

Canadian Gold Corp. (STRRF) announced significant drill results from its Phase 4 program at the Tartan Mine in Manitoba. The highlight is Hole TLSZ25-35, which intersected two high-grade gold zones yielding 12.9 gpt gold over 3.0 metres and 7.6 gpt gold over 5.8 metres, within broader mineralized intervals. The South Zone drilling revealed two distinct mineralization zones between 345-376 metres below surface, a new geological development that could increase total ounces per vertical metre. The program aims to expand resources to enable higher production rates and improve economics through economies of scale. However, drilling is temporarily suspended due to forest fire evacuation orders in the Flin Flon region, with operations expected to resume once authorities give clearance.

Canadian Gold Corp has acquired an option from Searchlight Resources to purchase 100% of the Flin Flon North property, adjacent to its Tartan Mine in Manitoba. The acquisition expands the company's control along the Tartan Lake Shear Zone from 8 to 29.5 kilometers, representing a 269% increase. The Flin Flon North property spans 56.5 square kilometers and shows promising historical gold assays of 2 gpt. The deal requires Canadian Gold to make staged payments over 4 years totaling C$130,000 in cash and 740,740 shares. The property features excellent infrastructure access via Highway 106 and has shown potential for both gold and VMS mineralization through previous geophysical surveys. The company plans to begin exploration work in the 2025 field season, including mapping, prospecting, and sampling programs.

Canadian Gold Corp. (STRRF) has temporarily suspended drilling operations at its Tartan Mine property near Flin Flon, Manitoba, due to nearby forest fires. The company has evacuated all personnel from the site and is monitoring facilities remotely in compliance with local directives. Management maintains continuous communication with local and provincial authorities to coordinate efforts during this emergency situation.

While the company's Phase 4 drilling program is currently on hold, Canadian Gold remains optimistic that the fire activity will not materially impact their operations. The company has confirmed that all staff are safe and facilities are secure, with a commitment to provide market updates should any material changes occur regarding the forest fire situation.

Canadian Gold Corp. (TSXV: CGC) has signed an option agreement with Hudbay Minerals to acquire 100% of the Tartan West property near Flin Flon, Manitoba. The acquisition would double the company's land position over the Tartan Shear Zone from 8 to 16 kilometers. Historic drilling at the property has revealed impressive high-grade gold results, including 44.2 gpt over 2.5 metres, 68.9 gpt over 1.1 metres, and a notable 595.2 gpt over 0.2 metres.

The five-year option agreement requires Canadian Gold to make cash payments totaling C$825,000, issue approximately 10 million shares, and commit to C$4.35 million in exploration work. Upon exercise, Hudbay will retain a 2.5% NSR on the property. The company plans to begin exploration work in the 2025 field season, starting with detailed mapping, prospecting, and sampling programs.

Canadian Gold Corp (STRRF) reported impressive drill results from its Phase 4 program at the Tartan Mine in Manitoba. The company successfully expanded the South Zone by 140 meters vertically, reaching 310 meters (120%) below the 2017 resource estimate. Key highlights include an intersection of 9.4 gpt gold over 3.3 meters in the latest deep test. This follows a previous intersection of 6.1 gpt gold over 6 meters announced in March 2025. The Main Zone has already been extended from 575 meters to 1,030 meters below surface, representing a 79% increase. Additional drilling above the initial deeper hole returned 7.6 gpt gold over 4.0 meters, while testing to the east and below yielded 3.3 gpt gold over 3.0 meters. These results suggest the South Zone could have similar depth potential to the Main Zone, potentially improving the mine's restart economics.

Canadian Gold Corp (TSXV: CGC) announced that Robert McEwen, the company's largest shareholder, has exercised 3,571,450 share purchase warrants at $0.215 per share, generating proceeds of $767,861.75. Following this transaction, McEwen's ownership in the company increased to 32.9%, while McEwen Mining Inc., where he serves as Chairman and CEO, holds an additional 5.7% stake.

A total of 4,608,884 share purchase warrants expiring in May 2025 have been exercised, bringing in total proceeds of $990,910.06. The company now has 205,797,884 shares outstanding and maintains a treasury of approximately $3.9 million, which includes a recent grant from the Manitoba Mineral Development Fund.

Canadian Gold Corp (TSXV: CGC) has announced plans to double its Phase 4 drill program at the Tartan Mine in Flin Flon, Manitoba, following McEwen Mining's 5.9% equity investment. The expanded program will now total 8,000 metres of diamond drilling, adding to the 23,683 metres completed since 2017.

The drilling will focus on high-priority areas within the Main and South Zones, with recent significant findings including:

• South Zone: 6.1 gpt gold over 6.0 metres in depth extensions
• South Zone Hanging Wall: 29.1 gpt gold over 5.9 metres
• Main Zone: 12.0 gpt gold over 8.0 metres
• Main Zone Western Flank: 11.6 gpt gold over 5.1 metres

The company has also received a $300,000 grant from the Manitoba Mineral Development Fund for an updated NI 43-101 Resource Estimate and Preliminary Economic Study, important for potential mine restart decisions.