- Gander Gold (GAND) is reporting its highest gold-in-soil results to date at its Mount Peyton Project in Newfoundland
- The company’s property is located 12 kilometres from a project operated by Sokoman Minerals featuring five open-ended high-grade gold mineralization zones
- The Vancouver mineral explorer expects to start the project’s first diamond drilling project in May
- Soil sampling at the Mount Peyton Project returned up to 1,583 parts per billion of gold
- Gander Gold (CSE:GAND) is unchanged, trading at $0.16 at 11:05 a.m. ET
Gander Gold (GAND) is reporting its highest gold-in-soil results to date at its Mount Peyton Project in Newfoundland.
Those results come primarily from the new Goldenrod Zone, which covers a large area in the northwest corner of the project.
The Vancouver-based mineral explorer’s property is located 12 kilometres from a project operated by Sokoman Minerals which features five open-ended zones of high-grade gold mineralization.
The company expects to start the project’s first diamond drilling project in May.
Soil sampling at the Mount Peyton Project returned up to 1,583 parts per billion of gold. Of the 17 highest samples, 13 come from the project’s Goldenrod Zone.
Arsenic is very anomalous at the Goldenrod Zone. Arsenic is a key pathfinder associated New Found Gold’s nearby project.
“It’s truly amazing, especially with the Goldenrod results, that Mount Peyton was never previously soil sampled or systematically explored. The soils at Goldenrod are very high in gold in the context of Newfoundland and point to a potential mineralized system in that part of the property, which is also supported by the geophysics that has been carried out,” said Gander Gold Technical Advisor Shawn Ryan.
“We’re very excited to be approaching the next stage of exploration at Mount Peyton with the distinct possibility of drilling into a new high-grade grassroots discovery at Goldenrod or elsewhere as multiple high priority targets are emerging.”
Gander Gold controls over 1,850 square kilometres across five major projects in the Central Newfoundland Gold Belt.
Gander Gold (CSE:GAND) is unchanged, trading at $0.16 at 11:05 a.m. ET.
