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Gander Gold Completes Phase I Drilling at BLT Project - Thwart Island
VANCOUVER, BC / ACCESSWIRE / September 13, 2023 / Gander Gold Corp. ("Gander" or the "Company") (CSE:GAND) (OTCQB:GANDF), is pleased to announce that it has com
About this update from Gander Gold Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / September 13, 2023 / Gander Gold Corp. (\"Gander\" or the \"Company\") (CSE:GAND) (OTCQB:GANDF), is pleased to announce that it has completed its maiden Rotary Air Blast (RAB) drilling program at Thwart Island, which is located in the Bay of Exploits and is part of Gander's wholly-owned Botwood-Laurenceton-Thwart Island (BLT) Project. Drill crew and associated geotechnical staff completed three RAB drill holes at the Islander Zone July 28 - July 31, 2023, for a total of 193.5 meters. The RAB drill targets were defined from 2022 and 2023 soil sampling and prospecting results. Prospecting has identified the presence of arsenopyrite mineralization associated with quartz veining dominated by angular, sub-angular cobbles within thin overburden cover in the Islander Zone. This suggests that the overlying Au-in-soil geochemistry anomaly is likely from a nearby bedrock source and not from glacially transported material. \"Our Preliminary Thwart Island exploration program has produced very promising soil geochemistry results, including at nearly 6 grams per tonne the highest-grade gold-in-soil result generated from the nearly 40,000 samples we've collected in Newfoundland,\" commented Mr. Mark Scott, Gander Gold CEO. He added, \"As our technical team assess the pending assay and structural data from this summer's RAB drilling program, we expect these first few holes will deliver high priority diamond drill targets for follow up drilling. All indications to date are that we have identified structurally-controlled, near-surface gold mineralization on Thwart Island.\" Prior to the Summer 2023 drill program, a significant Au-in-soil anomaly referred to as the Islander Zone was defined on Thwart Island within the Company's BLT property (see Press Release April 21, 2023). In addition, late 2022 prospecting results yielded a bedrock sample that returned 1.07 g/t Au and greater than 10,000 ppm Arsenic (As). Preliminary interpretation based on observed lithology and XRF values has confirmed the presence of arsenopyrite in chip samples and significant intervals of As occur in all three RAB drillholes. Prior to RAB drilling at Thwart Island, ground VLF surveys were conducted over the Islander Zone for the purpose of identifying structural controls occurring within the area of interest. RAB drilling produces bedrock chi...