Proactive Investors
Published Aug 05, 2022 07:20
Updated Aug 05, 2022 07:45
Sassy Gold's spinout company Gander Gold identifies potential major new gold trend within Gander gold belt
Sassy Gold Corp (CSE:SASY, OTCQB:SSYRF) said that spin-out company Gander Gold Corp has identified a potential major new gold trend within the Gander gold belt as the 2022 exploration program continues at its 485 square kilometre (sq km) Gander North project in Newfoundland.
Gander Gold, which launched on the CSE in March of this year and has combined ownership of 63% between Sassy Gold and Eric Sprott, said the trend starts around 12 km east of the GRUB Line and 25 km east of the Appleton trend that hosts the New Found Gold and Labrador Gold high-grade discoveries.
In a statement, Shawn Ryan, Gander Gold technical adviser, said: “Broad areas of Gander North are lighting up from our Phase 1 Soil Sampling Program. Results from our 2021 Airborne Mag/VLF and LiDAR surveys are in and have been very helpful in adding the next layer of detail interpretation needed to advance the Phase 2 soil work.”
READ: Sassy Resources raises additional $404,750 to advance work on Westmore gold discovery
He added: “It is remarkable how this previously unexplored area has suddenly become a ‘hot spot’ for potential new gold discoveries in Newfoundland along what clearly appears to be an entirely new gold trend east of the GRUB Line. We eagerly anticipate results from this summer’s work as we progress toward RAB drilling to prioritize the most prospective diamond drilling targets.”
Highlights of the Gander Gold exploration program include:
Contact the author at jon.hopkins@proactiveinvestors.com
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