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par Sassy Gold Corp. (isin : CA8038701048)

Gander Gold Exploration Update

VANCOUVER, BC / ACCESSWIRE / July 4, 2024 / Gander Gold Corp. ("Gander" or the "Company") (CSE:GAND)(OTCQB:GANDF), is pleased to provide an exploration update on its Gander North Project in Newfoundland where 28 rotary air blast ("RAB") drill holes, an exploration tool designed to prioritize first-ever diamond drilling targets, were completed in 2023.

Highlights:

  • Anomalous to significant gold mineralization was encountered in eight (8) of 11 RAB holes completed on the western side of Gander North with five (5) of these holes also intersecting mafic-ultramafic rock associated with the GRUB Line;

  • Anomalous mineralization was encountered in 14 of the 17 RAB holes completed on the eastern side of Gander North;

  • This initial round of RAB drilling on each side of Gander North tested only five (5) of 14 large soil geochemistry anomalies identified at this large-scale project to date;

  • Results warrant additional follow-up exploration at these 5 anomalies ahead of potential diamond drilling;

  • An exploration plan for the remaining 9 large soil geochemistry anomalies is being finalized.

Mr. Mark Scott, Gander President and CEO, commented: "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. 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 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," Mark Scott concluded.

Gander Gold completed a total of 34 RAB drill holes across its Newfoundland properties in 2023 including three (3) at Lizard Pond (Gander South) where diamond drill targets have been outlined after 1 RAB hole cut 13.7 metres grading 1.06 g/t Au starting from surface (refer to Nov. 30, 2023 news release).

Refer to Figures 1 & 2 and Tables 1 & 2, below, for Gander North RAB drill hole locations and summary of results.

Figure 1 - "GNO Series" RAB Drill Holes - Gander North Project (Western Side)

Figure 2 - "GNE Series" RAB Drill Holes - Gander North Project (Eastern Side)

Table 1 - Gander North Project 2023 RAB Drill Results

Drillhole ID

From (m)

To (m)

Width (m)*

Au (ppb)**

Cu (ppm)

Comment

GNORAB23-001

0.00

13.72

13.72

-

Anomalous Au, Ag, As, Sb, Te

GNORAB23-001

22.86

42.67

19.81

91.62

Including

32.00

36.58

4.58

188.33

GNORAB23-002

0.00

9.14

9.14

150.5

Anomalous Ag, As, Sb

Including

3.05

7.62

4.57

271.00

Anomalous Ag, As, Sb

GNORAB23-003

10.69

15.24

4.55

15.67

640.33

Anomalous Ag, Te

GNORAB23-004

6.10

18.29

12.19

17.06

259.49

Anomalous Ag, Te

GNORAB23-005

6.10

9.14

3.04

26.00

Anomalous Ag, Bi, Cu, Mo, Pb, Te

GNORAB23-005

41.15

57.91

16.76

-

Anomalous Ag, As, Bi, Mo, Pb, Te

GNORAB23-006

56.39

65.53

9.14

-

Anomalous Ag, Bi, Mo, Pb, Te

GNORAB23-007

9.14

39.62

30.48

16.28

511.95

Anomalous Ag, Te

GNORAB23-007

56.39

65.53

9.14

-

465.33

Anomalous Ag, Te

GNORAB23-008

24.38

39.62

15.24

-

484.10

Anomalous Ag, Bi, Mo, Pb, Te

GNORAB23-009

4.57

12.19

7.62

98.20

576.62

Anomalous Ag, Bi, Mo, Te

Including

10.67

12.19

1.52

452.00

838.00

GNORAB23-009

51.82

64.00

12.18

-

-

Anomalous Hg, W

GNORAB23-010

25.91

39.62

13.71

187.61

609.82

Anomalous Ag, Bi, Te

Including

25.91

30.48

4.57

512.33

700.67

Anomalous Ag, Bi, Te

GNORAB23-011

No significant results

GNERAB23-001

0.00

16.76

16.76

Anomalous Au (up to 14ppb), Ag, As, Bi, Mo, Sb, Te

GNERAB23-001

53.34

56.38

3.04

Anomalous Au (8ppb), Ag, Bi, Te

GNERAB23-002

36.58

38.10

1.52

Anomalous Au (12ppb), Te

GNERAB23-003

24.38

36.58

12.20

Anomalous Ag, As, Bi, Au below detection limit

GNERAB23-004

0.00

3.05

3.05

Anomalous As, Sb, Au below detection limit

GNERAB23-005

0.00

7.62

7.62

Anomalous As, Sb Au below detection limit

GNERAB23-006

0.00

4.57

4.57

Anomalous As, Bi, Sb, Te, Au (up to 5ppb)

GNERAB23-007

18.29

22.86

4.57

Anomalous Au (up to 6ppb)

GNERAB23-008

0.00

3.05

3.05

Anomalous As, Sb, Au below detection limit

GNERAB23-009

0.00

1.52

1.52

Anomalous Ag, As, Bi, Cu (1794ppm) Sb, Te, Au (5ppb)

GNERAB23-010

0.00

3.05

3.05

Anomalous Ag, Bi, Cu, Hg, Pb (>1000ppm), Sb, W

GNERAB23-011

No significant results

GNERAB23-012

No significant results

GNERAB23-013

0.00

1.52

1.52

Anomalous Au (7ppb), As, Sb, Te

GNERAB23-013

6.10

9.14

3.04

Anomalous Au (up to 6ppb), Ag, Bi, Te

GNERAB23-013

39.62

51.82

12.20

Anomalous Au (up to 6ppb), Ag, As, Bi, Te

GNERAB23-014

0.00

1.52

1.52

Anomalous As, Sb, Au below detection limit

GNERAB23-014

15.24

16.76

1.52

Anomalous Au (9ppb)

GNERAB23-014

35.02

53.34

18.32

Anomalous Au (up to 10ppb), Ag, As, Bi, Te

GNERAB23-015

No significant results

GNERAB23-016

3.05

7.62

4.57

Anomalous Ag, As, Bi, Pb, Te, Au below detection limit

GNERAB23-016

39.62

48.77

9.15

Anomalous Au (up to 15ppb), Ag, As, Bi, Pb, Sb, Te

GNERAB23-017

7.62

9.14

1.52

Anomalous Ag, As, Bi, Mo, Pb, Sb, Te, Au below detection limit

*Drill hole intercepts are drill hole lengths - true widths unknown at this time

- refers to below detection limits for Au

**Note 1000ppb equals 1 gram per tonne

Table - 2: Gander North Project RAB Drill Hole Locations

Drillhole ID

Easting*

Northing

Azimuth (°)

Dip (°)

Total Depth (m)

GNORAB23-001

681770.4

5440527.8

300

-55

64.0

GNORAB23-002

681720.1

5440553.0

300

-55

59.4

GNORAB23-003

681832.3

5440756.9

120

-55

65.5

GNORAB23-004

681780.7

5440787.9

120

-55

65.5

GNORAB23-005

681116.4

5440252.0

300

-55

65.5

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