# Canadian Gold Resources Announces 19.5 g/t Gold Over 1.0 Metre in First Hole from Maiden Lac Arsenault Drill Program

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/canadian-gold-resources-announces-19-5-g-t-gold-over-1-0-metre-in-first-hole-fro--e8d1b4b4-2a4d-4f33-acac-01102b044f57

Original source: https://money.tmx.com/en/quote/CAN/news/8583970612355887/canadian-gold-resources-announces-19-5-g-t-gold-over-1-0-metre-in-first-hole-fro

Publisher: tmx

Original announcement: 2026-03-03T22:05:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Canadian Gold Resources Ltd.

- Ticker: CAN

- Exchange: TSX

- Region: Québec

- Primary commodity: Gold

- Secondary commodities: Silver, Lead, Zinc

- Document categories: Drill results, Resource update

- Extracted: 2026-09-17 15:11:57 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Canadian Gold Resources has announced its first drill results from the maiden Lac Arsenault program in Québec, featuring a high-grade gold intercept of 19.5 g/t over 1.0 m \(0.85 m true width\) in the Baker Vein. The company also disclosed historical resource estimates from 1975 and 1996, noting they are non-compliant with modern NI 43-101 standards and require verification.

Reasoning: The release reports a strong maiden drill intercept of 19.5 g/t gold with true width disclosed and robust QA/QC details, though it also notes the presence of unverified historical resource data.

- Positive factor: High-grade gold intercept \(19.5 g/t\)

- Positive factor: True width disclosed \(0.85 m\)

- Positive factor: QA/QC protocols and accredited lab \(ActLabs\) disclosed

- Positive factor: Maiden program confirming historic high-grade zones

- Negative factor: Historical resource estimates are non-compliant and unverified

Facts used in scoring: 4

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 19.5 g/t gold in an epithermal-style vein system is exceptionally high grade.

Evidence · text

> 19.5 grams per tonne \("g/t"\) gold over 1.0 metre

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: The document explicitly states the calculated true width of the intercept.

Evidence · text

> true width 0.85 metre

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release details the use of an accredited lab \(ActLabs\) and the use of standards and blanks.

Evidence · text

> The Company maintains a quality assurance and quality control \(QA/QC\) program that includes the systematic insertion of certified reference materials \(standards\) and analytical blanks

**Historical Estimate Only**

Polarity: negative

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The document discloses historical estimates that pre-date NI 43-101 and are not compliant with current standards.

Evidence · text

> These historical estimates pre-date NI 43-101 and were based on sampling, trenching, and drilling using manual polygonal methods.

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Drill Results (2)

### LA-26-01

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-gold-resources-announces-19-5-g-t-gold-over-1-0-metre-in-first-hole-fro--e8d1b4b4-2a4d-4f33-acac-01102b044f57#fact-drill-facts-0)

Lac Arsenault · gold

#### Identity

- Hole ID: LA-26-01
- Project: Lac Arsenault
- Commodity: gold
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: CAN

#### Geometry

- Grade: 19.5
- Grade Unit: g/t
- Intercept: 1 m
- True Width: 0.85 m
- Hole Depth: 105 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: LA-26-01:0-1.0
- Mining Method: underground

#### Location

- Location: Baker Vein
- Easting: 335087
- Northing: 5360708
- CRS: NAD83 Zone 20
- Azimuth: 300 °
- Dip: -45 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ActLabs
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Deleterious

- Deleterious Flag: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-03-03T00:00:00.000Z

Reasoning: Strong maiden intercept in a high-grade vein system.

- Positive factor: High grade intercept

- Positive factor: True width provided

Evidence · text

> 19.5 grams per tonne \("g/t"\) gold over 1.0 metre \(true width 0.85 metre\) within the Baker Vein

#### Tags used in scoring

**True Width Disclosed**

Polarity: positive

Definition: Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true\_width\_m is 0.85

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### LA-26-01

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-gold-resources-announces-19-5-g-t-gold-over-1-0-metre-in-first-hole-fro--e8d1b4b4-2a4d-4f33-acac-01102b044f57#fact-drill-facts-1)

Lac Arsenault · gold

#### Identity

- Hole ID: LA-26-01
- Project: Lac Arsenault
- Commodity: gold
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: CAN

#### Geometry

- Grade: 1.9
- Grade Unit: g/t
- Intercept: 1 m
- Hole Depth: 105 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: LA-26-01:0-1.0
- Mining Method: underground

#### Location

- Location: Baker Vein \(metasedimentary sandstone\)
- Easting: 335087
- Northing: 5360708
- CRS: NAD83 Zone 20
- Azimuth: 300 °
- Dip: -45 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ActLabs
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks

#### Deleterious

- Deleterious Flag: No

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-03-03T00:00:00.000Z

Reasoning: Lower grade mineralization hosted in sandstone adjacent to the main vein.

- Positive factor: Mineralization found outside main vein

Evidence · text

> 1.9 g/t gold over 1.0 metre hosted within metasedimentary sandstone approximately 40 metres outside the main vein structure

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## Resource Estimates (2)

### Lac Arsenault

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-gold-resources-announces-19-5-g-t-gold-over-1-0-metre-in-first-hole-fro--e8d1b4b4-2a4d-4f33-acac-01102b044f57#fact-resource-facts-2)

Lac Arsenault Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Lac Arsenault Project
- Commodity: gold
- Region: canada\_qc
- Reported Region: Québec
- Ticker: CAN

#### Resource scope

- Estimate type: resource
- Effective date: 1975-01-01T00:00:00.000Z
- Reporting standards: other
- QP Signed: No
- Resource group id: resource:90588608507756431992
- Deposit or zone: Lac Arsenault

#### Resource Data

- Tonnes: 40000
- Grade: 15.43
- Grade Unit: g/t
- Contained Metal: 197
- Contained Unit: g/t ag

#### Prior Estimate

- Resource Date: 1975-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 1975-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-03-03T00:00:00.000Z

Reasoning: Historical estimate from 1975 using manual polygonal methods; not compliant with modern standards.

- Negative factor: Non-compliant methodology

- Negative factor: Unverified

Evidence · text

> Stevenson, L. \(1975\): 40,000 tonnes grading 15.43 g/t Au and 197 g/t Ag \(Esso Minerals Canada\).

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 51.2 years before this release

### Lac Arsenault

[Link to this fact](https://atlas-extractions.minestarters.com/news/canadian-gold-resources-announces-19-5-g-t-gold-over-1-0-metre-in-first-hole-fro--e8d1b4b4-2a4d-4f33-acac-01102b044f57#fact-resource-facts-3)

Lac Arsenault Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Lac Arsenault Project
- Commodity: gold
- Region: canada\_qc
- Reported Region: Québec
- Ticker: CAN

#### Resource scope

- Estimate type: resource
- Effective date: 1996-01-01T00:00:00.000Z
- Reporting standards: other
- QP Signed: No
- Resource group id: resource:ae2b77e2fe8225136212
- Deposit or zone: Lac Arsenault

#### Resource Data

- Tonnes: 199580
- Grade: 9.59
- Grade Unit: g/t
- Contained Metal: 61536
- Contained Unit: oz au

#### Prior Estimate

- Resource Date: 1996-01-01

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 1996-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-03-03T00:00:00.000Z

Reasoning: Historical estimate from 1996; not compliant with modern standards.

- Negative factor: Non-compliant methodology

- Negative factor: Unverified

Evidence · text

> Côté, R. \(1996\): 199,580 tonnes grading 9.59 g/t Au \(~61,536 contained oz Au\).

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 30.2 years before this release

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.