- Gander Gold (CSE:GAND) released preliminary results from its recent drill program at the Islander Zone on Thwart Island, Newfoundland
- This Rotary Air Blast (RAB) drill program, the first drilling at Thwart Island, was conducted in summer 2023 by the company
- The team said anomalous gold mineralization was intersected in all three drill holes
- Gander Gold Corp. last traded at $0.06 per share
Gander Gold (CSE:GAND) released preliminary results from its recent drill program at the Islander Zone on Thwart Island, Newfoundland.
This Rotary Air Blast (RAB) drill program, the first drilling at Thwart Island, was conducted in summer 2023 by the company and consisted of three RAB drill holes totaling 193.5 metres of drilling. The team said anomalous gold mineralization was intersected in all three drill holes.
| Drillhole ID |
From (m) |
To (m) |
Width (m) |
Au (ppb) |
| BLTRAB23-001 |
32.0 |
33.5 |
1.5 |
244.0 |
| BLTRAB23-001 |
42.7 |
56.4 |
13.7 |
137.1 |
| Including |
51.8 |
56.4 |
4.4 |
203.3 |
| BLTRAB23-002 |
12.2 |
19.8 |
7.6 |
60.4 |
| Including |
18.3 |
19.8 |
1.5 |
188.0 |
| BLTRAB23-003 |
18.3 |
24.4 |
6.1 |
68.3 |
Gander’s Thwart Island claims are part of its larger Botwood-Laurenceton-Thwart Island Project in the Bay of Exploits region of Newfoundland.
Map of Islander Zone on Thwart Island – Botwood-Laurenceton-Thwart Island Project. Source: Gander Gold Corp.
“We designed this first Thwart Island RAB program to drill directly under several of the surface geochemical anomalies, and beneath greater than 1 g/t Au grab samples that were discovered during the 2022 surface program, and while the three preliminary RAB holes did intersect mineralization, we did not necessarily identify the subsurface source of the very robust surface soil geochemical anomalies,” Gander Gold’s VP of exploration Ian Fraser, said in a news release. “This bodes well for the ‘open’ potential of this mineralized system, or systems, at Thwart Island, and logical next steps would include additional surface mapping and possible trenching to better understand the orientation and controlling structural dynamics of this gold system.”
Regional Map of Thwart Island, Gander North, Lizard Pond (Gander South), and Mt. Peyton Projects. Source: Gander Gold Corp.
The company called the Islander Zone and Thwart Island area a developing gold prospect. It said positive soil geochemistry surveys and prospecting results accumulated to date validated by subsurface RAB gold mineralization results has confirmed the prospectivity of the Thwart Island area.
Gander Gold’s team will be evaluating all data collected to date with the view of continuing its exploration efforts at the Islander Zone prospect and encompassing a greater area of Thwart Island.
Gander Gold Corp. is an exploration stage resource company focused on acquiring and exploring high-grade precious metal and base metal projects in the Central Newfoundland Gold Belt.
Gander Gold Corp. last traded at $0.06 per share and its stock is up 11.11 per cent in the past month, but 65.51 per cent lower in the past year.
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