Gander Gold Corp (CSE:GAND) announced that Phase 1 Rotary Air Blast (RAB) drilling has been completed at its wholly-owned Gander North Project in Newfoundland.
The gold exploration company said drill crew and associated geotechnical staff completed 28 first-ever RAB drill holes for 1,632 meters at Gander North as part of the exploration program designed to prioritize the most prospective areas for initial diamond drilling.
"First-ever RAB drilling has confirmed the interpreted structures and XRF (x-ray fluorescence) results indicate these structures are locally mineralized over multi-meter intersections," Gander Gold CEO Mark Scott said in a statement.
"We foresee additional RAB drilling at Gander North, as to date we've only RAB tested five of Gander North's 14 target zones and we are anxious to start diamond drilling the highest priority areas already tested with the RAB drill," he added.
Gander Gold noted that 11 holes were completed in the Viking and Jonathan's Third Pond target areas and 17 RAB holes were completed across additional target areas to the east, while multiple untested target areas remain for a further phase of RAB drill testing and/or diamond drilling.
The company added that it has focused RAB drilling efforts primarily on northeast and north-northeast trending interpreted structures.
As well, Gander Gold stated that upon completion of the RAB drill program at Gander North on July 25, 2023, the drill and personnel moved to Thwart Island (BLT Project) and completed three drill holes, and later to Lizard Pond (Gander South Project) and completed three additional drill holes.
Gander Gold’s tagline is “All Newfoundland, All the Time.” The company is one of the island's largest claim holders targeting new high-grade gold discoveries with a current focus on the large Gander North, Mount Peyton, BLT (Botwood-Laurenceton-Thwart Island) and Cape Ray II projects where there has been very promising early exploration success.
Contact Sean at sean@proactiveinvestors.com