VANCOUVER, BC / ACCESSWIRE / May 10, 2021 / Gambier Gold Corp. (TSX-V:GGAU) (the "Company") is pleased to provide an update of activities on the ongoing inaugural exploration program on its Detour West property ("Detour West" or, the "Project") in Northern Ontario, which consists of a sonic drilling program to sample till and the top of bedrock in an area of thick overburden.
Sonic drilling employs the use of high-frequency, resonant energy generated inside a sonic head to advance a core barrel and casing into subsurface formations. It is an optimal method when near 100% core recovery of soft, unconsolidated material is desired. Earth Drilling (Calgary) has been contracted to perform the drilling. The Company has completed 20 sonic holes as of May 8, 2021, totaling 996 m of sediment core. An estimated 23 additional holes remain accessible to drill in the summer months. Each sonic core includes Quaternary glaciogenic sediment as well as approximately 5 feet of bedrock. The Quaternary succession is on average 45 m thick. From bottom to top, it consists of Matheson Till over bedrock, glaciofluvial sand and gravel, and Cochrane Till at surface. A total of 689 samples have been collected to date, and final assay results are pending on all samples submitted. Sediment samples are being analyzed for fine fraction geochemistry at Bureau Veritas, for visible gold grains at Overburden Drilling Management, and for heavy-mineral-concentrate geochemistry at Actlabs. Bedrock samples are being analyzed geochemically at Bureau Veritas. Standards, blanks, and field duplicates are being inserted into sample batches at regular intervals.
Drill trail access for the spring drill program has been limited to areas of higher relief and solid ground. Using pre-existing roads and cleared drill trails several permitted drill hole locations, which transect previously identified geophysical anomalies, were made accessible for drilling. Innis Transport, a local Moose Cree First Nations owned company, was contracted to clear the drill trails and provide road maintenance.
The Company is reviewing the current drill results which will be used in part to plan and design the winter 2022 sonic drill program.
"We are very pleased with the progress of the drilling to date on Gambier's first exploration program at Detour West. By taking a methodical and modern approach for the inaugural program, Gambier is well positioned to make a discovery on this district scale property", stated Michael Burns, VP Exploration 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
E-mail: [email protected]
Website: www.gambier.gold
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.