| Gossan Drilling Underway at Sturgeon Lake VMS Zinc Project | |
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Winnipeg, Manitoba--(Newsfile Corp. - February 26, 2018) - Gossan Resources Limited (TSXV: GSS) (FSE: GSR) has commenced drilling at its highly prospective Sturgeon Lake property, located in the eastern part of the historic zinc-rich polymetallic Sturgeon Lake VMS Camp of Northwestern Ontario. Four distinct high-priority, multi-parameter volcanogenic massive sulphide (VMS) target areas will be tested with a diamond drill program of up to 2,000 metres. Gossan's Sturgeon Lake Property is comprised of a 14-claim block, totaling 3,088 hectares, which lies directly along strike and to the east of six historic VMS deposits. Management believes its Sturgeon property has the potential to host a significant zinc-copper-silver-rich VMS deposit, similar to those mined from 1970 to 1991 in the renowned base-metal camp, and which accounted for approximately 18.7 million tonnes of ore, with average grades of 8.0% zinc, 1.1% copper, 0.8% lead, 120 g/t silver and 0.5 g/t gold. |
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Gossan Resources Ltd
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EXPLORATION STAGE |
CODE : GSS.V |
ISIN : CA3834151068 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Gossan Resources is a nickel and zinc exploration company based in Canada. Gossan Resources holds various exploration projects in Canada. Its main exploration properties are MANIGOTAGAN, ANGELINA, INWOOD MAGNESIUM, PIPESTONE LAKE, SEPARATION RAPIDS, SHARPE LAKE, BIRD RIVER - NI ZONE, BIRD RIVER - ZN & CU ZONE, BIRD RIVER - PAGE BLOCK, ANGELINA - GOSSAN, INWOOD and KISKITTO - GOSSAN in Canada. Gossan Resources is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 1.4 millions, € 1.4 millions). Its stock quote reached its highest recent level on April 04, 1997 at CA$ 2.89, and its lowest recent point on December 12, 2014 at CA$ 0.01. Gossan Resources has 33 170 400 shares outstanding. |