- Canadian Gold Resources (TSXV: CAN) finalizes extraction plans for Lac Arsenault Project in Quebec.
- Bulk sampling targets the Mersereau and Baker Veins to verify grade continuity and assess metallurgical recoveries.
- Awaiting Quebec government approval; proceeds may support exploration and potential shareholder dividends.
Canadian Gold Resources Ltd. (TSXV: CAN) has completed the schematics and procedures for a bulk sampling program at its 100%-owned Lac Arsenault Gold Project, situated in Quebec's Gaspé region. This initiative focuses on two primary areas, the Mersereau Vein and the Baker Vein. The bulk sampling aims to confirm the continuity of the gold grade, assess metallurgical recoveries, and collect essential technical and economic data for future development.
All extracted material will be processed at an off-site toll milling facility. The revenue generated from gold recovery will be allocated towards ongoing exploration, corporate growth initiatives, and potential dividends for shareholders. The company is currently waiting for necessary approvals from the Quebec government to proceed with the outlined extraction plans. Canadian Gold is actively collaborating with regulators to ensure all requirements are fulfilled responsibly.
In addition, Canadian Gold has engaged 1000903966 Ontario Inc. for a one-year marketing contract valued at CAD$37,500 per quarter. This agreement focuses on social media engagement through platforms such as X (formerly Twitter), Facebook, YouTube, and Reddit. The marketing strategy aims to enhance the company's visibility and support its growth initiatives.
