Gander Gold reports promising exploration results at Gander North
Thu July 04 2024
Gander Gold Corp (CSE:GAND) said its initial RAB drilling at the Gander North Project has revealed significant gold mineralization, warranting further exploration and planning for diamond drilling. The company announced an exploration update at the Newfoundland-based project, where Gander completed 28 rotary air blast (RAB) drill holes in 2023 to identify potential diamond drilling targets.
Anomalous to significant gold mineralization was found in eight out of 11 RAB holes on the western side of Gander North, with five of these intersecting mafic-ultramafic rock linked to the GRUB Line. On the eastern side, 14 of the 17 RAB holes showed anomalous mineralization.
The initial drilling phase tested only five of 14 large soil geochemistry anomalies, indicating the need for further exploration, with an exploration plan for the remaining nine anomalies being finalized. Mark Scott, CEO of Gander Gold, expressed his satisfaction with the early results. "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,” Scott said in a statement.
“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 the 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."
In addition to the Gander North Project, Gander Gold completed 34 RAB drill holes across its Newfoundland properties in 2023. This includes three holes at Lizard Pond (Gander South), where diamond drill targets have been outlined after one RAB hole cut 13.7 meters grading 1.06 g/t Au starting from surface.
Source: https://www.proactiveinvestors.com