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Gossan Resources (TSXV:GSS) announces exploration program for its Gander Property

Mining
TSXV:SPOT
15 July 2022 08:45 (EDT)

Gossan Resources (GSS) has announced summer and fall exploration programs at its Gander Property in Newfoundland.

Gossan Resources has engaged GoldSpot Discoveries (SPOT) to apply its geoscience expertise at Gossan’s Gander properties.

The company’s wholly-owned Gander Property consists of 8,875 hectares and is adjacent to the Queensway property along the Central Newfoundland Gold Belt owned by New Found Gold. The company also holds title to the 975-hectare Weir Pond Property which lies 25 km north of Gander, and to the 1,050-hectare Island Pond Property which lies 48 km north of Gander. 

Gossan’s Main Gander Property Claims.

Gossan has contracted an airborne magnetic survey across the entire 10,900 hectares of its Gander property holdings. This program is ongoing and the company expects the results will assist in better in planning geochemical ground surveys, and more targeted geophysical programs. 

Vincent Dubé-Bourgeois, CEO and Director of GoldSpot, commented on the partnership with Gossan Resources.

“We are excited to be working with Gossan Resources and believe our MPASS survey flown on their Gander Gold Property is a major milestone in further understanding the area. The GRUB line structure shows similarities to the JBP and Appleton fault zone, an area we have had significant and continual success. We look forward to future exploration.”  

The company has received exploration permit extensions for its Newfoundland Properties that are valid until July 2023.

Gossan Resources Limited holds mineral exploration and development properties located in Manitoba, Northwestern Ontario and Newfoundland. The company holds a gold initiative with the Gander Gold Property in Newfoundland as well as a broadly diversified portfolio of multi-element properties.

Gossan Resources Limited (SPOT) opened trading at C$0.10.

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