Gander Gold Corp (CSE:GAND) has unearthed what is described as a significant gold system at the Lizard Pond area of the Gander South project.
The company, in a statement, said that each hole in recent drilling at Lizard Pond showed continuous gold mineralization from the surface, across the entire length of 65 meters (m). Highlight drill results exceeded 1 gram per tonne (g/t) – with 1.06 g/t gold (Au) over 13.7m and 1.48 g/t Au over 3.0m, both of which from the surface.
The results align with the upper percentile values from the explorer’s prior soil and rock geochemistry studies.
Chief executive Mark Scott described the company as “very pleased” with the significant results.
“All three drillholes were consistently mineralized from top to bottom and two of the three had greater than 1 g/t Au occurring over significant widths immediately below the overburden cover,” Scott said in a statement.
“Gander's prospecting and soil geochemistry programs led us to this discovery, which provides strong proof of concept for the methodology.
“These RAB results combined with surface rock and soil geochemistry provide strong evidence that there is a very significant gold system occurring at the Lizard Pond project.
“We look forward to following up on these tremendous RAB results with diamond drilling."