Centenario Gold Corp. (CSE: CTG) has released an exploration update on its Cabot Copper-Gold-Cobalt Project in Newfoundland and Labrador, confirming that 2026 trenching has extended the exposed Cabot mineralized trend beyond 850 metres along strike. The company has collected over 350 channel samples with assays pending, and is planning a first-phase 1,500-metre drill program, with mobilisation expected before month end. The update positions Cabot as the company's primary near-term catalyst, with investors watching for incoming assay results and drilling outcomes.

Key Points

  • Centenario Gold Corp. (CSE: CTG) is a Vancouver-based mineral exploration company focused on copper, gold, and silver in the Americas.
  • Eight new trenches at the Cabot zone have expanded the exposed mineralized trend to over 850 metres, with sixteen channel lines cut and more than 350 channel samples collected, assays pending.
  • A planned first-phase 1,500-metre drill program targets the main Cabot VMS system at depth; a proposed 3,500-metre follow-up program in early 2027 is subject to results and financing.
  • Investors may be watching for pending channel sample assay results, the final geophysical interpretation report, and confirmation of drill mobilisation.

2026 Trenching Expands the Cabot VMS Footprint at the Baie Verte Project

The 2026 field program has added approximately 1,000 metres of new trenching along the open Cabot trend, bringing the total exposed strike length beyond 850 metres. Eight trenches were excavated on the main Cabot zone (Plate 3), with copper-cobalt-bearing VMS-style stringer sulphides identified, including local broad mineralized exposures that appear to branch and remain open in both directions. Historical selective grab samples have returned copper grades up to approximately 7% Cu, though the company cautions these are not representative of average grades. A high-resolution LiDAR drone survey and infill soil sampling across approximately 580 locations were also completed to support drill targeting.

Magellan Emerges as the Highest-Priority Target Outside the Main Cabot Zone

The Magellan target (Plate 1), situated approximately 1,000 metres along strike to the north of Cabot, has been identified as the company's highest-priority drill target outside the main zone. Field crews observed widespread sericite–pyrite alteration in felsic volcanics at Magellan, consistent with VMS-related hydrothermal activity. Road access is being constructed toward the target to enable trenching and potential follow-up drilling. Four additional untested targets — Magellan, Columbus, Erickson, and Cook — are supported by coincident copper-in-soil anomalies from VTEM geophysical modelling previously completed by Fathom Geophysics.

Initial Drill Program Targets Cabot VMS System at Depth

Centenario is planning a first-phase 1,500-metre drilling program designed to test the main Cabot VMS system at depth and evaluate priority geophysical targets. The company stated that mobilisation and drilling is expected to begin before month end, subject to equipment availability. A subsequent 3,500-metre expanded drill program has been proposed for early 2027, subject to results and financing, to test continuity and potential additional sulphide lenses in the approximately 2,000 metres of untested strike north of Cabot. The final geophysical interpretation report covering all five modelled plates is also described as expected shortly.

District Context Underscores the VMS Exploration Rationale

The Cabot Project covers approximately 20.75 square kilometres in an active VMS district approximately 10 kilometres from Baie Verte and approximately 15 kilometres from FireFly Metals Ltd.'s Ming Deposit. The property also hosts the separate Marble Cove quartz-vein gold prospect, where historical selective grab samples returned up to 70.38 g/t Au, along with a graphite zone and cobalt-bearing sulphides. The company notes that mineralization at the Ming Mine is not necessarily indicative of mineralization at Cabot. The immediate share price impact was not clear from available public information.