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Metal & Mining Stocks
Canary Gold Corp. (CSE: BRAZ, Frankfurt: K5D) Exploration Progress at Madeira River Gold Project
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Highlights
Canary Gold Corp. (CSE: BRAZ, Frankfurt: K5D) has announced recent developments in its exploration work at the Madeira River Gold Project in Rondônia, Brazil. Spanning 684.45 square kilometers, the project area has been selected for its gold mineralization potential, particularly within the context of the modern and ancient Madeira River system and its tributaries.
The targeted gold mineralization is primarily associated with paleochannel deposits, which are typically buried beneath shallow sedimentary cover. Canary Gold has identified several key areas where gold-bearing sand and gravel horizons are located, particularly along bars within active channels, along with quartz-pebble conglomerates and iron-rich duricrust formations known locally as “Mocururu.”
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