Business
Gander Gold Defines New Targets at Mt. Peyton Adjacent to Moosehead Discovery
VANCOUVER, BC / ACCESSWIRE / September 8, 2022 / Gander Gold Corporation ("Gander Gold" or the "Company") (CSE:GAND) (OTCQB:GANDF) is pleased to announce that m
About this update from Gander Gold Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / September 8, 2022 / Gander Gold Corporation (\"Gander Gold\" or the \"Company\") (CSE:GAND) (OTCQB:GANDF) is pleased to announce that multiple new target areas prospective for high-grade gold have been outlined at the Company's Mount Peyton Project in the heart of the Gander Gold Belt, with the highest gold-in-soil result to date on the property occurring in an extensive anomalous area about 12 km directly east of Sokoman Minerals' Moosehead discovery. Earlier this week Sokoman reported a 39.6-meter intercept (true width estimated at 90%) grading 12.6 g/t Au (drill hole MH-22-463) 100 meters below the limits of the modelled Eastern Trend - the thickest intercept to date from the property. Gander cautions that mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's property. Mr. Shawn Ryan, Gander Gold Technical Adviser, commented: \"It's astonishing that up until Gander's work, Mount Peyton was never previously soil sampled. What we are finding is that the soils are lighting up in the gabbro units which are extensive across this 949 sq. km project. Geophysics is also outlining highly favorable structures, giving us an abundance of targets beyond the very promising area in the southwest corner of Mount Peyton identified last year.\" (refer to Sassy Gold January 14, 2022 news release). Highlights: Extensive soil sampling (9,556 samples collected to date at Mount Peyton including 2,681 so far this year) as well as airborne MAG/VLF and LiDAR surveys and a Preliminary Structural Interpretation Report have outlined 14 target areas across Mount Peyton; These 14 target areas include the new target 12 km directly east from Moosehead where four widely-spaced northeast-southwest oriented grid lines returned anomalous gold-in-soil values including the highest yet at Mount Peyton (663 ppb Au); Follow-up work is aimed at infilling broad anomalous areas across the project and defining potential high priority RAB drill targets. Results from 812 soil samples are still pending from this year's work. The large egg-shaped Mt. Peyton Property is made up of a granite intrusive surrounded by gabbro. It is conceivable given the location of the property relative to recent gold discoveries within the Gander Gold Belt that t...