Gossan Resources Ltd V.GSS

Sprott realizes that...

[goldanalyst]

GSS's Gander Gold Property is approximately 10 km east and northeast of the NFG discovery hole and hosts both parallel and cross-cutting structures.

For those that need an introduction NFG is a billion+ market company who struck it big on the back of some great gold intercepts....and GSS is right next door...with paltry 12M market this one is likely going much much higher:

Greg Matheson, P.Geo., Chief Operating Officer of New Found, stated: “The outstanding intervals of 131.1 g/t Au over 4.65m plus 124.4 g/t over 17.7m in Hole NFGC-20-59 yield the highest width x grade of any hole to date at Keats (cumulative +2800 m*g/t).  These intervals provide further drill confirmation of the substantial zone of near surface high-grade gold mineralization at the north end of Keats. We continue our infill and step-out drilling at Keats and look forward to reporting further results in the near future.”

[Rustyred24]

So does it increase the share price with sprotts investment ?

[Sciencegeek1]

There is no gaurantee that an investment by EP will raise the price, but it can't hurt it.  EP has his fingers in a lot of the NFG surrounding players in Newfoundland.  He is obviously very well informed on what is going on in the area and where there is potential.  He also carries a lot of influence. Just look at what happended today with Exploits (NFLD). https://thedeepdive