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Gossan Defines Coincident Geochemical and Geophysical Drill Targets at Sturgeon Lake Zinc Property
Winnipeg, Manitoba--(Newsfile Corp. - February 27, 2017) - Gossan Resources Limited (TSXV: G...
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[{"type":"text","content":"\nGossan Defines Coincident Geochemical and Geophysical Drill Targets at Sturgeon Lake Zinc PropertyWinnipeg, Manitoba--(Newsfile Corp. - February 27, 2017) - Gossan Resources Limited (TSXV: GSS) (FSE: GSR) has received results of a Geobotanical Survey conducted at its Sturgeon Lake Zn-Cu-Au-Ag VMS Property during the Fall of 2016. This Survey provides increased resolution and better definition of metal anomalies over high priority VMS polymetallic drill targets that were previously identified in a VTEM geophysical survey, a soil geochemical survey and a SGH (Soil Gas Hydrocarbon) Survey. The Sturgeon Lake Zinc Property is located in the zinc-copper-silver-rich polymetallic Sturgeon Lake Greenstone Belt in northwestern Ontario and is comprised of 15 claims totaling 3,344 hectares. The Property is directly along strike and to the east of 6 Volcanogenic Massive Sulfide (VMS) deposits that were mined between 1970 and 1991. Approximately 18.7 million tonnes of ore was mined from these VMS deposits with typical grades of 8.0% zinc, 1.1% copper, 0.8% lead, 120 gpt silver and 0.5 gpt gold. At Gossan's Sturgeon Lake property there are limited mineralized outcrops and this survey provides Gossan with encouraging coincident results in order to design a drill program.Gossan President, Douglas Reeson, stated, \"This new detailed geobotantical survey provides excellent coverage in the target zones and provides better definition of anomalous metal zones coincident with the most prospective geophysical targets. We are highly encouraged by the coincident anomalies, presence of sulfide mineralization, favourable stratigraphy with evidence of strong alteration, and the close proximity on trend with a series of past producing mines. A drill program to test these areas is warranted.\"The coincident geophysical and geochemical anomalies occur within the south east strike extension of the Lyon Lake, Creek Zone and Sturgeon Lake past-producing VMS deposits. The target areas are hosted in part within blue quartz-crystal rhyolites with hydrothermal alteration and sulfide mineralization similar to the rhyolites that host the nearby deposits. In further preparation for diamond drilling, Gossan has contracted Geotech Ltd. to carry out Maxwell Modelling of geophysical targets that are coincident with the geochemical anomalies. Maps of the regional geology a...