- Canadian Gold Resources (CAN) successfully completed site preparations for their bulk sample program at the Lac Arsenault Gold Project.
- A newly discovered vein structure, located 500 meters northwest of the Baker Vein, could expand the project's resource potential.
- Further updates on the bulk sampling program, including assay results, are anticipated in the coming weeks.
Canadian Gold Resources Inc. (CAN) has announced the completion of key site preparation activities at its 100%-owned Lac Arsenault Gold Project, situated in Quebec's Gaspé region. The company has been working on surface washing of outcrop exposures at the Mersereau and Baker Veins, aiming to better define mineralized structures and optimize their bulk sampling program.
The Mersereau and Baker Veins are known for high-grade gold and silver mineralization. Recent efforts have significantly enhanced surface visibility, exposing fresh mineralized rock. This has facilitated the design of targeted extraction areas for the imminent bulk sample.
During these activities, a new vein structure was discovered approximately 500 meters northwest of the Baker Vein. This structure runs subparallel to the Baker Vein and shares similar quartz-carbonate veining with associated sulphides. Samples from this new structure have been collected for geochemical analysis, which could potentially expand the project's resource scale.
Mark Smethurst, P.Geo., Director and Qualified Person for Canadian Gold Resources, remarked on the progress, stating that the work completed at Lac Arsenault has refined the bulk sampling plan and highlighted the untapped potential of the gold system. Smethurst emphasized that the new vein structure discovery supports the project's potential scale and structural complexity.
Canadian Gold is advancing preparations for the bulk sample program and will provide further updates on the timeline, assay results, and exploration activities in the upcoming weeks.
