drill meaning

Gambier Gold Corp. Commences Sonic Drill Program and Expands Property Holdings at Detour West

Gambier Gold Corp. (TSX-V:GGAU) (the "Company") is pleased to announce it has recently commenced its inaugural exploration program, consisting of the first stage of deep glacial till sampling by sonic drilling on its Detour West property ("Detour West" or the "Project") in northern Ontario. In addition, the Company has increased its mineral tenure at Detour West from an initial 23,849.76 hectares to a current total of 39,217.71 hectares. This represents an increase of 64.4 % in the company's now nearly 400 square km land holdings directly adjacent to Kirkland Lake Gold's Detour Lake property on the Detour-Fenelon Gold trend

The sonic drills are mobilizing to the project and are expected to begin deep sampling of the overlying glacial till sediments and into bedrock surface this week. Earth Drilling Co. Ltd. of Calgary, Alberta was selected based on their experience and adequate, low-impact equipment for the terrain and deep glacial sediments at Detour West. Innis Transport, an experienced, locally-owned and operated Moose Cree First Nations company, will be employed to support the sonic drilling program. Innis Transport will provide heavy equipment and operators to produce drill site access trails, conduct road maintenance and provide logistical support to the drilling and sampling program.

ON BEHALF OF THE BOARD

Michael E. Schuss
President & CEO

For further information, please contact:

Gambier Gold Corp.
Phone: (604) 241-2254
E-mail: info@gambier.gold
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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Gambier Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/638932/Gambier-Gold-Corp-TSX-V-GGAU-Commences-Sonic-Drill-Program-and-Expands-Property-Holdings-at-Detour-West

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
Gambier Gold

Gambier Gold

Focused on exploring and developing gold and cobalt assets in Canada.

Focused on exploring and developing gold and cobalt assets in Canada. Keep Reading...
Stock market graph over gold bars with text reading: "Weekly Editor’s Picks."

Editor's Picks: Gold, Silver Prices Take a Hit, Russia Makes Bold Gold Claim

Gold was shaping up to have a fairly calm week, but a stronger-than-expected US jobs report sent it well under US$4,400 per ounce as the period came to an end.Silver also took a hit, dropping below US$69 per ounce.The report, which shows that nonfarm payrolls rose by 172,000 in May, has further... Keep Reading...
Gold bars with text "999.9" and "250g" overlayed with a Russian flag and financial graphs in the background.

Russia Claims Record Gold Output as Production Estimates Diverge

According to Metals Focus, mine output from the country is actually 28.8 percent lower, significantly short of what official statements suggest. The widening gap underscores a growing lack of transparency in Russia’s gold sector, particularly following the imposition of Western sanctions.Russia... Keep Reading...
Chris Vermeulen, gold bars.

Chris Vermeulen: Gold, Silver Prices — My Upside and Downside Targets

Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, shares his outlook for gold and silver, saying he believes the current cycle is only halfway through. However, he thinks prices for both metals could fall further before resuming their uptrend.Don’t forget to follow us... Keep Reading...
Wooden blocks with arrows and target symbols sit atop ascending stacks of gold coins on a wooden surface.

McFarlane Lake Shares Jump 25 Percent on Gentile Support

Shares of MCFARLANE LAKE MINING (CSE:MLM,OTCQB:MLMLF) rose 25.64 percent this week, after the Canadian junior secured a US$4.86 million private placement led by well-known mining investor Michael Gentile.Gentile is taking the bulk of the non-brokered placement, subscribing for US$4.57 million,... Keep Reading...
Blue Jay Gold

Blue Jay Gold Details Fully Funded Exploration Program at Steller Gold Project in Yukon and Confirms Listing Date

Blue Jay Gold Corp. (TSXV: JAY) (“Blue Jay” or the “Company”), today outlines its fully funded 2026 exploration program at the Steller Gold Project ("Steller" or the "Project") in the Yukon Territory, ahead of the Company's expected listing on the TSX Venture Exchange (the "TSXV") under the... Keep Reading...
Ronald-Peter Stoeferle, gold bars.

Ronald-Peter Stoeferle: Gold Price Hasn't Topped, on Track for US$8,900

Ronald-Peter Stoeferle of Incrementum shares takeaways from the latest "In Gold We Trust" report, emphasizing that gold is currently in a bull market consolidation phase.Overall he believes the yellow metal is in the midst of a "golden decade" that will ultimately take it to his price target of... Keep Reading...

Interactive Chart

Latest Press Releases

Related News