from Sassy Gold Corp. (isin : CA8038701048)
Gander Gold Exploration Update
VANCOUVER, BC / ACCESSWIRE / July 4, 2024 / Gander Gold Corp. ("Gander" or the "Company") (CSE:GAND)(OTCQB:GANDF), is pleased to provide an exploration update on its Gander North Project in Newfoundland where 28 rotary air blast ("RAB") drill holes, an exploration tool designed to prioritize first-ever diamond drilling targets, were completed in 2023.
Highlights:
Anomalous to significant gold mineralization was encountered in eight (8) of 11 RAB holes completed on the western side of Gander North with five (5) of these holes also intersecting mafic-ultramafic rock associated with the GRUB Line;
Anomalous mineralization was encountered in 14 of the 17 RAB holes completed on the eastern side of Gander North;
This initial round of RAB drilling on each side of Gander North tested only five (5) of 14 large soil geochemistry anomalies identified at this large-scale project to date;
Results warrant additional follow-up exploration at these 5 anomalies ahead of potential diamond drilling;
An exploration plan for the remaining 9 large soil geochemistry anomalies is being finalized.
Mr. Mark Scott, Gander President and CEO, commented: "The immense size of the grassroots Gander North Project requires a very systematic approach to determine initial diamond drilling targets with the highest probability for success. We're very pleased with these early results, especially on the western side of Gander North where very anomalous gold mineralization was encountered at depth and along strike of the Jonathan's Third Pond Copper Showing.
"With Gander North still at a very promising early stage, and some breakthroughs at Lizard Pond and Thwart Island, and Mount Peyton and Cape Ray II yet to be RAB-tested, we have much to look forward to in terms of discovery potential across one of the largest overall land packages in Newfoundland that still awaits initial diamond drilling," Mark Scott concluded.
Gander Gold completed a total of 34 RAB drill holes across its Newfoundland properties in 2023 including three (3) at Lizard Pond (Gander South) where diamond drill targets have been outlined after 1 RAB hole cut 13.7 metres grading 1.06 g/t Au starting from surface (refer to Nov. 30, 2023 news release).
Refer to Figures 1 & 2 and Tables 1 & 2, below, for Gander North RAB drill hole locations and summary of results.
Figure 1 - "GNO Series" RAB Drill Holes - Gander North Project (Western Side)
Figure 2 - "GNE Series" RAB Drill Holes - Gander North Project (Eastern Side)
Table 1 - Gander North Project 2023 RAB Drill Results
Drillhole ID | From (m) | To (m) | Width (m)* | Au (ppb)** | Cu (ppm) | Comment | |
GNORAB23-001 | 0.00 | 13.72 | 13.72 | - | Anomalous Au, Ag, As, Sb, Te | ||
GNORAB23-001 | 22.86 | 42.67 | 19.81 | 91.62 | |||
Including | 32.00 | 36.58 | 4.58 | 188.33 | |||
GNORAB23-002 | 0.00 | 9.14 | 9.14 | 150.5 | Anomalous Ag, As, Sb | ||
Including | 3.05 | 7.62 | 4.57 | 271.00 | Anomalous Ag, As, Sb | ||
GNORAB23-003 | 10.69 | 15.24 | 4.55 | 15.67 | 640.33 | Anomalous Ag, Te | |
GNORAB23-004 | 6.10 | 18.29 | 12.19 | 17.06 | 259.49 | Anomalous Ag, Te | |
GNORAB23-005 | 6.10 | 9.14 | 3.04 | 26.00 | Anomalous Ag, Bi, Cu, Mo, Pb, Te | ||
GNORAB23-005 | 41.15 | 57.91 | 16.76 | - | Anomalous Ag, As, Bi, Mo, Pb, Te | ||
GNORAB23-006 | 56.39 | 65.53 | 9.14 | - | Anomalous Ag, Bi, Mo, Pb, Te | ||
GNORAB23-007 | 9.14 | 39.62 | 30.48 | 16.28 | 511.95 | Anomalous Ag, Te | |
GNORAB23-007 | 56.39 | 65.53 | 9.14 | - | 465.33 | Anomalous Ag, Te | |
GNORAB23-008 | 24.38 | 39.62 | 15.24 | - | 484.10 | Anomalous Ag, Bi, Mo, Pb, Te | |
GNORAB23-009 | 4.57 | 12.19 | 7.62 | 98.20 | 576.62 | Anomalous Ag, Bi, Mo, Te | |
Including | 10.67 | 12.19 | 1.52 | 452.00 | 838.00 | ||
GNORAB23-009 | 51.82 | 64.00 | 12.18 | - | - | Anomalous Hg, W | |
GNORAB23-010 | 25.91 | 39.62 | 13.71 | 187.61 | 609.82 | Anomalous Ag, Bi, Te | |
Including | 25.91 | 30.48 | 4.57 | 512.33 | 700.67 | Anomalous Ag, Bi, Te | |
GNORAB23-011 | No significant results | ||||||
GNERAB23-001 | 0.00 | 16.76 | 16.76 | Anomalous Au (up to 14ppb), Ag, As, Bi, Mo, Sb, Te | |||
GNERAB23-001 | 53.34 | 56.38 | 3.04 | Anomalous Au (8ppb), Ag, Bi, Te | |||
GNERAB23-002 | 36.58 | 38.10 | 1.52 | Anomalous Au (12ppb), Te | |||
GNERAB23-003 | 24.38 | 36.58 | 12.20 | Anomalous Ag, As, Bi, Au below detection limit | |||
GNERAB23-004 | 0.00 | 3.05 | 3.05 | Anomalous As, Sb, Au below detection limit | |||
GNERAB23-005 | 0.00 | 7.62 | 7.62 | Anomalous As, Sb Au below detection limit | |||
GNERAB23-006 | 0.00 | 4.57 | 4.57 | Anomalous As, Bi, Sb, Te, Au (up to 5ppb) | |||
GNERAB23-007 | 18.29 | 22.86 | 4.57 | Anomalous Au (up to 6ppb) | |||
GNERAB23-008 | 0.00 | 3.05 | 3.05 | Anomalous As, Sb, Au below detection limit | |||
GNERAB23-009 | 0.00 | 1.52 | 1.52 | Anomalous Ag, As, Bi, Cu (1794ppm) Sb, Te, Au (5ppb) | |||
GNERAB23-010 | 0.00 | 3.05 | 3.05 | Anomalous Ag, Bi, Cu, Hg, Pb (>1000ppm), Sb, W | |||
GNERAB23-011 | No significant results | ||||||
GNERAB23-012 | No significant results | ||||||
GNERAB23-013 | 0.00 | 1.52 | 1.52 | Anomalous Au (7ppb), As, Sb, Te | |||
GNERAB23-013 | 6.10 | 9.14 | 3.04 | Anomalous Au (up to 6ppb), Ag, Bi, Te | |||
GNERAB23-013 | 39.62 | 51.82 | 12.20 | Anomalous Au (up to 6ppb), Ag, As, Bi, Te | |||
GNERAB23-014 | 0.00 | 1.52 | 1.52 | Anomalous As, Sb, Au below detection limit | |||
GNERAB23-014 | 15.24 | 16.76 | 1.52 | Anomalous Au (9ppb) | |||
GNERAB23-014 | 35.02 | 53.34 | 18.32 | Anomalous Au (up to 10ppb), Ag, As, Bi, Te | |||
GNERAB23-015 | No significant results | ||||||
GNERAB23-016 | 3.05 | 7.62 | 4.57 | Anomalous Ag, As, Bi, Pb, Te, Au below detection limit | |||
GNERAB23-016 | 39.62 | 48.77 | 9.15 | Anomalous Au (up to 15ppb), Ag, As, Bi, Pb, Sb, Te | |||
GNERAB23-017 | 7.62 | 9.14 | 1.52 | Anomalous Ag, As, Bi, Mo, Pb, Sb, Te, Au below detection limit | |||
*Drill hole intercepts are drill hole lengths - true widths unknown at this time
- refers to below detection limits for Au
**Note 1000ppb equals 1 gram per tonne
Table - 2: Gander North Project RAB Drill Hole Locations
Drillhole ID | Easting* | Northing | Azimuth (°) | Dip (°) | Total Depth (m) |
GNORAB23-001 | 681770.4 | 5440527.8 | 300 | -55 | 64.0 |
GNORAB23-002 | 681720.1 | 5440553.0 | 300 | -55 | 59.4 |
GNORAB23-003 | 681832.3 | 5440756.9 | 120 | -55 | 65.5 |
GNORAB23-004 | 681780.7 | 5440787.9 | 120 | -55 | 65.5 |
GNORAB23-005 | 681116.4 | 5440252.0 | 300 | -55 | 65.5 |