Canadian Gold Stock Price, News & Analysis

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.

Canadian Gold Corp (TSXV: CGC) has secured a $300,000 grant from the Manitoba Mineral Development Fund (MMDF) to advance the Tartan Mine project. The funding will support updating the mine's NI 43-101 resource estimate and completing a Preliminary Economic Assessment (PEA) for potential mine restart.

These initiatives will commence following the completion of the current Phase 4 exploration program, expected in early summer. Combined with the company's treasury and pending financing, Canadian Gold's total capital will reach approximately $3.5 million.

The MMDF program, along with the Manitoba Mineral Exploration Tax Credit (MMETC), continues to support mineral exploration and development in Manitoba, offering tax incentives for eligible Manitoba mineral exploration projects.

Canadian Gold Corp (TSXV: CGC) has announced significant drilling results from its Tartan Mine near Flin Flon, Manitoba. The first hole of the 2025 drilling campaign successfully expanded the South Zone by 170 meters vertically, intersecting 6.1 gpt gold over 6.0 metres.

A potential new Hanging Wall Zone was discovered, yielding 8.4 gpt gold over 2.0 metres, aligning with a previous 2022 drill hole that returned 29.1 gpt gold over 5.85 metres. The South Zone expansion represents a 61% increase in vertical extent, from 250 to 410 metres below surface.

The South Zone's proximity to the Main Zone (100 metres apart) and current underground infrastructure presents opportunities for increased gold production at lower costs. The Main Zone extends to 1,030 metres below surface and remains open for expansion.

Canadian Gold Corp. has announced new drill results from its Phase 4 program at the Tartan Mine near Flin Flon, Manitoba. Two holes successfully expanded high-grade mineralization along the western flank by approximately 60 metres, with depths between 680 and 720 metres below surface.

Key highlights include: Hole TLMZ21-03W3 yielded 11.6 gpt gold over 5.1 metres, including 18.7 gpt gold over 1.0 metre. Hole TLMZ21-03W2 intersected 7.1 gpt gold over 6.0 metres, including 30.5 gpt gold over 0.5 metre.

The company reports a 90% success rate (26 of 29 holes) in intersecting potentially economic mineralization within the Main Zone. Since the 2017 resource estimate, over 23,000 metres of drilling has expanded vertical gold mineralization by 79%, from 575 to 1,030 metres below surface.