Tartan Mine Step-Out Drilling Continues

MANITOBA – Canadian Gold Corp. reported on Phase 4 drill program at the Tartan Mine, near Flin Flon, Manitoba. Encouraging results, especially along the Main Zone’s Western Flank, continue to support the plan to move toward a potential mine restart. Highlights include 12.3 gpt gold over 14.0 metres, 8.2 gpt gold over 9.9 metres, and 10.7 gpt gold over 4.5 metres.
Five new holes were drilled along the Main Zone’s Western Flank. These holes successfully expanded the mineralization approximately 30 metres west, over a vertical extent of 80 metres (from 440 to 520 metres below surface). Highlights include 12.3 gpt gold over 14.0 metres, 8.2 gpt gold over 9.9 metres and 10.7 gpt gold over 4.5 metres. Canadian Gold’s exploration team believes there is excellent potential to expand this area further to the west, at depth, and closer to surface.
In addition to discovering additional resources to the west, there remains a good opportunity along the Eastern Flank, which has seen limited drilling at depth. Since beginning this multi-phase drill program, a total of 31 of 35 holes (89%) have successfully intersected what the Company believes to be potentially economic mineralization within the Main Zone.
The objective of the ongoing drilling at the South Zone has been to expand the resource size, allowing for a higher production on a potential mine restart. Notable drilling results at the South Zone include 5.2 gpt gold over 5.0 metres in TLSZ25-38W1 and 4.4 gpt gold over 4.0 metres TLSZ25-40, each supported by internal high-grade intervals up to 12.5 gpt Au over 1.0 metre and 8.9 gpt gold over 1.6 metres, respectively. TLSZ25-41 delivered a particularly significant intercept of 82.0 metres of 1.3 gpt Au, which contained multiple higher-grade sections. Collectively, these intercepts demonstrate the consistent presence of higher-grade lenses within broader mineralized envelopes. The results confirm that the South Zone remains an excellent growth opportunity requiring continued drilling and refinement of the structural controls governing gold distribution to fully evaluate its potential.
Drill target generation on the Tartan West property, which adjoins the Tartan Mine commenced in the summer and has confirmed the presence of multiple areas of high-grade gold mineralization. Canadian Gold has an option to acquire 100% of the Tartan West property. Initial work consisted of geological mapping, prospecting, and surface sampling to prioritize areas for trenching and drilling in 2026. Highlights from this work include grab samples that assays up to 28.9 gpt gold and channel samples that assayed up to 28.5 gpt gold.