Gander Gold Corp. (CSE:GAND) has obtained high-grade gold-in-soil results from the company’s 287sq. km BLT (Botwood-Laurenceton-Thwart Island) Project in Newfoundland, particularly from the newly-identified “Islander Zone” covering a central portion of Thwart Island in the Bay of Exploits.
The Gander Gold field season begins in May which will lead toward first-ever diamond drilling at the BLT project. In addition to BLT, Gander has also made important progress at its flagship Gander North Project, Mount Peyton and Cape Ray II properties, with additional exploration updates expected over the coming weeks.
Additional BLT Highlights:
- Gander took 5,795 B and C-horizon soil samples (including field duplicates) across the BLT Project with 18 of these samples, including seven in the 1,400 m x 400 m zone on Thwart Island, returning very high values >99.8ppb Au, including three >1,000ppb Au (1.0g/t Au);
- The presence and orientation of major faults and folds occurring within the BLT Project suggest good potential for mesothermal Au mineralization;
- A moderate to strong antimony (Sb) correlation occurs with Au/As-in soil (As and Sb are both key minerals associated with Au mineralization in Newfoundland).
“We continue to generate outstanding soil sampling results in the context of Newfoundland, consistent with what has been observed at New Found Gold’s Queensway Project and Labrador Gold’s Kingsway Project,” VP Exploration for Gander Gold, Ian Fraser, said.
“Most notably, from among the almost 39,000 soil samples taken by Gander over the last two seasons, the highest grade gold-in-soil result to date is found right in the heart of the newly named Islander Zone on Thwart Island.”
“We’re excited to follow up on the Islander Zone with early-season prospecting and mapping to better define 2023 drill targets there, along with target definition for Gander’s first ever drill programs in 2023 at the Gander North and Mount Peyton projects.
“The number of significant soil anomalies identified to date by the company, across multiple project areas, continues to build the potential for significant drill discoveries in 2023 and beyond.”
For further information please visit: https://gandergold.com/