VANCOUVER, July 15, 2021 - Gambier Gold Corp.
(TSX-V:GGAU) (the "Company") is pleased to announce the completion of the first phase of sonic drilling on its Detour West property ("Detour West" or, the "Project") in Northern Ontario, which consisted of deep till sampling by means of sonic drilling, in addition to remote sensing surveys.
Forty-nine sonic holes were drilled during the first phase of deep till sampling at Detour West, for a total of 2241.5 m. The program completed more holes than originally planned thanks to better-than-expected available summer access within the permitted drill grid. The holes intersected Quaternary glaciogenic sediment and small amounts of upper bedrock on a grid over GEOTEM and airborne magnetic survey geophysical targets of interest along the Sunday Lake Deformation Zone and Lower Detour Deformation Zones. Cores were logged and sampled at Gambier Gold's core lab facility in Cochrane, Ontario, and samples were sent for analysis to multiple laboratories as described in the May 10, 2021 news release. A total of 2,295 samples were collected and submitted for assay including 1452 samples for fine fraction geochemistry, 393 samples for visible gold grain analysis, 393 samples for heavy-mineral concentrate geochemistry, and 57 samples for lithogeochemistry. The Company is currently receiving final assay data in batches and will announce the final results of the first phase till sampling program once all sample data have been received and interpreted. The expected sample assay delivery time is mid to late August, 2021.
In addition to the sonic drill program, the Company completed the acquisition of an additional 173 square kilometers of high-resolution LiDAR to provide coverage over the additional tenure staked in March, 2021. The LiDAR data will be used to assist planning the next phase of winter sonic drilling and exploration.
"The first phase of deep till sampling using sonic drilling at Detour West was successful in recovering Quaternary glaciogenic sediments from surface down to bedrock. We were able to drill several transects over large, interpreted structures of the Sunday Lake Deformation Zone, and recover bedrock samples as well as sediment in an effort to identify and interpret the origin of potential mineralized dispersal trains. The completed program represents a very small fraction of the 39,217 hectares of prospective terrain, and we are looking forward to continuing our methodical exploration approach at Detour West as many high priority geophysical and structural targets remain untested.", stated Michael Burns, VP Exploration for Gambier Gold.
"The completion of the first sonic drill program sets Gambier on a new path of systematic exploration at Detour West. We are proud of our team for achieving more than expected during a challenging spring break-up drill program and look forward to the results. We strongly believe Gambier holds one of the best pre-discovery Greenfields projects, in an underexplored part of one of Canada's most prolific gold districts, the Detour-Fenelon Gold Belt" stated Michael Schuss, CEO and President for Gambier Gold.
Qualified Person Statement
The scientific and technical information contained in this news release was prepared and approved by QP Don Cummings, PhD., P.Geo., and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101).
ON BEHALF OF THE BOARD
Michael E. Schuss
President & CEO
For further information, please contact:
Gambier Gold Corp.
Phone: (604) 241-2254
Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.
Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.
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SOURCE: Gambier Gold Corp.