Canadian Gold Corp. Acquires Flin Flon North Property, Triples Tartan Shear Zone Control

Canadian Gold Corp. has acquired an option agreement from Searchlight Resources Inc. granting it 100% control of the Flin Flon North property, adjacent to its Tartan Mine and Tartan West property along the Tartan Lake Shear Zone in Manitoba. This acquisition expands Canadian Gold's land position along the shear zone from 8 to 29.5 kilometers, a 269% increase, significantly enhancing the company's geological potential and opportunities to scale and extend the Tartan Mine's life. The Flin Flon North property covers 56.5 square kilometers and includes historical gold assay results averaging 2 grams per tonne, with multiple unexplored anomalous gold trends. Canadian Gold has committed to staged payments totaling C$130,000 in cash and 740,740 shares over four years, with exploration activities planned for 2025 including mapping, prospecting, and sampling. The move aligns with Canadian Gold’s strategy to restart the Tartan Mine by increasing high-grade gold resources and leveraging the region's infrastructure. Both companies highlighted the strategic importance of the acquisition in strengthening Canadian Gold's presence in a key gold mineralization area.