Canadian Gold Resources Ltd. is a gold exploration and development company focused on advancing its 100% owned gold properties in the Gaspé Gold Belt of Quebec, Canada. Our goal is simple: transform known gold deposits into near-term cash flow, delivering tangible value to our shareholders. With a focus on operational efficiency and strategic growth, we aim to generate significant revenues from our projects while minimizing exploration risk.
Our core properties—Lac Arsenault, Robidoux, and VG Boulder—are located along the prolific Grand Pabos Fault system, known for hosting high-grade gold mineralization. These projects are in advanced stages of exploration, with Lac Arsenault leading the way with bulk sampling that positions us for immediate cash flow.*
We aim to be a leading gold producer in Quebec, recognized for delivering early dividends and building long-term shareholder value through responsible and efficient gold production.
To unlock the value of our gold assets in the Gaspé Peninsula, turning near-term opportunities into sustainable cash flow while exploring the full potential of our properties for future growth.
Canadian Gold Resources is set apart by its clear path to early profitability. Our flagship Lac Arsenault project is expected to generate CAD $9 million from bulk sampling activities, with cash flow projected as early as 2025. As part of our commitment to creating shareholder value, we plan to distribute a significant portion of these proceeds as dividends within our first year of operations—an uncommon practice among junior exploration companies.*
Our cash flow and dividend strategy is built around advancing bulk samples and near-term production opportunities, allowing us to reward investors sooner while reinvesting profits into ongoing exploration to grow our resource base.
The Grand Pabos Fault is a major geological structure that spans Quebec’s Gaspé Peninsula and extends into Newfoundland, creating an ideal corridor for mineralization, particularly for gold. This fault influences hydrothermal processes that transport and deposit gold, attracting exploration from companies like Canadian Gold Resources Ltd., which has three active projects along the fault. Its structural complexity has led to multiple high-grade gold discoveries, drawing continued exploration interest and supporting economic growth in the region.
In Newfoundland, similar fault systems within the Central Newfoundland Gold Belt, such as the Appleton Fault, host significant gold deposits. Notable projects include AuMEGA’s Cape Ray Shear Zone Project (610,000 oz Au), New Found Gold Corp.'s high-grade Queensway Project, and Calibre Mining's Valentine Gold Mine (5.1 million oz Au). Additionally, Maritime Resources' Hammerdown Mine, with 370,000 oz Au, and Big Ridge Gold's Hope Brook Mine, hosting 1.44 million oz Au, underscore the region's potential. Collectively, these projects highlight the mineral wealth along these fault lines, making the Grand Pabos Fault and its associated structures across Eastern Canada a key focus for high-grade gold exploration.
Canadian Gold Resources is advancing three 100% owned gold exploration projects in Quebec, each strategically located along the Grand Pabos Fault system. These projects are poised for near-term growth through bulk sampling, drilling, and exploration work.
* This is forward-looking info (FLI). Readers are advised to refer to the full forward-looking statement contained in our Terms & Conditions for important details regarding assumptions, risks, and uncertainties associated with such information.
Our Board of Directors and advisors comprise industry experts with a blend of geological, operational, and financial experience. This team is dedicated to ensuring Canadian Gold Resources delivers on its near-term goals while building for long-term success.
Ronald Goguen is the founder of Canadian Gold Resources and a respected leader in the mining industry with over 40 years of experience. As the former President, CEO, and Chairman of Major Drilling International (TSX: MDI), Ronald led the company through significant growth and global expansion. His leadership and extensive experience with resource companies provide invaluable direction to Canadian Gold Resources as it moves towards near-term production.
With over 25 years of exploration and development experience, Mark Smethurst brings deep geological expertise to Canadian Gold Resources. A Qualified Person (QP) under NI 43-101 standards, Mark has worked across multiple geological environments, from early discovery to mine development. He holds both a B.Sc. in Geology and an M.Sc. in Physics & Geology, alongside a Level 3 CFA designation.
Camilla Cormier is a Chartered Professional Accountant (CPA) with over 30 years of experience in financial leadership, including 14 years with public companies in the mining sector. She has expertise in budgeting, financial reporting, and navigating Canadian GAAP and IFRS standards. A Université Laval graduate, Camilla has held senior positions as CFO and Controller and worked five years in public accounting. She also serves as a director with the Greater Moncton Roméo LeBlanc International Airport. Camilla is fluent in both English and French, holding a Canadian CPA license.
Roger Bourgault completed a B.Sc.A. in Computer Science from UQAM in 1986, and a Master’s degree in Project Management (MGP) from UQAM in 1998. He held a number of positions in different companies, from programmer-analyst to CIO at Sports Experts. Roger then embarked on a career as an independent consultant, and since 1991, he has managed a multitude of projects of varying scope for major corporations in a wide range of business sectors, including manufacturing, insurance, distribution, food, banking, corporate finance and IT solutions development. Roger managed long-term projects spread over 3 years with multi-millions budget. His clientele included Bombardier Aerospace, Bombardier Transportation, BNC, Desjardins, Standard Life, Intact, CDPQ, Bell Canada, Trace Canada, Groupe Dissan and PIREL. Since June 2006, he was director of Amseco Exploration Ltd and Chairman of the Board since July 2011.
David Hennigar brings extensive expertise in corporate governance and finance, having held influential roles across various sectors. He currently serves as Chairman and Director of Annapolis Group and Grand River Ironsands. His past roles include Lead Director of Crombie REIT and Chairman & Director of several notable companies, including Crownx, Jennings Capital and Scotia Investments. Beyond his corporate contributions, Hennigar has served as Treasurer for both the Art Gallery of Nova Scotia and the IWK Children’s Hospital and is a Governor at Dalhousie University. His broad leadership experience across industries makes him a valuable, independent presence on the board of Canadian Gold Resources.
Ken Booth is an accomplished mining executive and geologist with a unique background spanning geology, investment banking, and corporate leadership. He began his career in geology with Falconbridge, Anaconda, and Minnova before transitioning into investment banking, where he held senior roles at Scotia Bank, BMO Capital Markets, and RBC Capital Markets. Since 1998, Ken has served as CEO for multiple public exploration companies, including Gitennes Exploration Inc., Redstar Gold Corporation, and Aurcana Corporation. Currently, as a Director at Gitennes Exploration Inc., he leverages his in-depth experience in both finance and geology to bring strategic insights that shape Canadian Gold Resources' exploration and growth initiatives.
Ian McGavney brings over 20 years of expertise in junior mining, resource development, and financial consulting to Canadian Gold. As Chief Operating Officer and now CEO of Colibri Resource Corp. since 2018, he has closely collaborated with Canadian Gold’s leadership, aligning on a vision for growth. From 2003 to 2009, Ian founded and led Skye Capital Corporation Inc., where he successfully guided junior exploration startups through early-stage financing and management including the prolific uranium exploration boom from 2005 through to 2008. His previous role as an Investment Advisor at TD Wealth-Private Investment Advice from 2009 to 2016, combined with his consulting work since 2016, has equipped him with a strategic approach to financial structuring and capital management within the mining and exploration sectors.
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