GANDER GOLD CORPORATION Gander Gold Corp. reported the gold-in-soil results to date from the Company's 9956 sq. km Mount Peyton Project in Newfoundland, specifically from the newly-identified Goldenrod Zone covering a large area in the northwest corner of the project.
Goldenrod is located 12 km directly east of Sokoman Miner's Moosehead Project, which features five open-ended zones of high-grade gold mineralization. The Mount Peyton field season begins in May which will lead toward first-ever diamond drilling at this project. In addition to Mount Peyton, Gander has also made important progress at its Gander North Project, BLT and Cape Ray II properties, with additional exploration updates expected over the coming weeks.
Goldenrod Highlights: Gander has taken approximately 4,020 B and C-horizon soil samples within the Goldenrod Zone (2021 and 2022), showing anomalous to extremely anomalous values across the 95 sq. km target area; Goldenrod has generated the highest grade soil samples at Mount Peyton (1,583 ppb Au and 1,014 ppb Au). Of the 17 Mount Peyton soil samples greater than 110 ppb Au, 13 were produced by the Goldenrod Zone.
In total, 67 samples from Goldenrod have Au values >99th percentage; Arsenic, which is a key pathfinder associated with the Moosehead and New Found Gold discoveries, is very anomalous at Goldenrod. There is a very positive correlation of Au-in-soil with As-in-soil at Goldenrod as 61 samples have As values >99th percentage; There is also correlation with NE trending dyke swarms and Au-in soil anomalies at Goldenrod. Gold-in-soil at Goldenrod conform to and are aligned in a NE-SW orientation consistent with NE-SW lineaments in the MAG interpretation.
At Moosehead, Sokoman has identified NE structures with E-W splays, in addition to an arsenopyrite-mineralization association; Preliminary interpretation suggests the Goldenrod Zone is a typical setting for orogenic gold. The Mount Peyton gabbro-granite may be younger and sitting atop sediment hosted lode gold, a as is found at Moosehead and New Found Gold's Queensway Project.
