Canadian Gold Resources to Conduct Induced Polarization Survey at Lac Arsenault Property

Core Viewpoint - Canadian Gold Resources Ltd. has engaged Geophysique TMC to conduct an induced polarization survey at its Lac Arsenault Property to enhance understanding of mineralized zones and identify high-priority drilling targets [1][2]. Group 1: Survey and Exploration - The IP survey aims to improve the understanding of the structures controlling three key mineralized zones: the Baker Vein, the Mersereau Vein, and the Type-4 Vein [2]. - The survey data will be integrated with existing exploration datasets, which include recent surface sampling results showing high grades of gold and silver, such as 28.9 g/t gold and 306 g/t silver [3]. - The results from mechanical trenching and sampling along the Baker and Mersereau veins have indicated very high grades, reinforcing the exploration focus on high-priority targets [4]. Group 2: Management Insights - The President & CEO of Canadian Gold stated that the initiation of the IP survey is a significant step in uncovering the value of the Lac Arsenault property and refining targets for the upcoming diamond drill program [5]. - The IP survey is a geophysical technique that measures electrical chargeability and resistivity, which can detect disseminated sulphide mineralization associated with gold and base metal systems [5]. Group 3: Project Background - The Lac Arsenault Property is located along the Grand Pabos Fault in Québec's Gaspé region, sharing geological characteristics with other prolific gold-bearing systems [6]. - The property hosts multiple high-grade, epithermal-style vein systems, including the Baker, Mersereau, and Dunning veins, with historical exploration outlining significant mineralization [7]. Group 4: Historical Resource Estimates - Historical resource estimates for the Lac Arsenault Property include 40,000 tonnes grading 15.43 g/t Au and 197 g/t Ag, and 199,580 tonnes grading 9.59 g/t Au [8]. - The company plans to conduct systematic drilling and verification sampling to confirm these historical grades and geometry [8]. Group 5: Company Overview - Canadian Gold Resources Ltd. is a junior exploration company with three high-grade gold properties totaling approximately 16,000 hectares in Québec's Gaspé Peninsula [9]. - The company's strategy focuses on unlocking the potential of historically explored assets through modern exploration and development [9].