We Are Greenfields Explorers
Gossan is primarily engaged in the exploration and development of mineral resources in Newfoundland, Manitoba, and Northwestern Ontario. The Company has launched a gold initiative in Newfoundland with the acquisition of the Gander Gold Property which is located immediately adjacent to the Queensway property, along the Central Newfoundland Gold Belt, owned by New Found Gold Corp. (NFG-TSX.V) where discovery hole 19-01 recently intercepted 19.0 metres of 92.86 gpt gold, including 6.0 metres of 285.2 gpt gold.
On November 30, 2020, the Company announced the Gander Gold Property in Newfoundland was expanded to 10,950 hectares, and the acquisition of two additional properties, the 975-hectare Weir Pond and 1,050-hectare Island Pond Properties, north of Gander along the structural corridor of interest.
The Company’s focus is the exploration of its drill-ready Sturgeon Lake Property, located in the zinc-copper-silver rich polymetallic Sturgeon Lake Greenstone Belt of Northwestern Ontario. A gravity survey has retargeted drill hole locations after an initial drill program in the Winter of 2018. Currently, a drill program is being planned.
The Company also holds a broadly diversified portfolio of multi-element properties. These properties are prospective for hosting gold, base metals and platinum group elements, as well as specialty “green-battery metals”, vanadium, titanium, tantalum, lithium and chromium.
Gossan also has a large deposit of high-purity, magnesium-rich dolomite, and holds an advance and production royalty interest in a high quality silica (frac) sand deposit. The Company’s main focus is the exploration of new gold assets.
Gossan is listed on the TSX Venture Exchange and trades under the stock symbol “GSS”. Gossan also trades on the Frankfurt-Freiverkehr & Xetra Exchanges under the symbol “GSR” (WKN 904435). As of March 1, 2021, the Company had 46,880,400 common shares outstanding.
Winnipeg, Manitoba–(Newsfile Corp. – May 17, 2021) – Gossan Resources Limited (TSXV: GSS) (FSE: GSR) (XETRA: GSR) (the “Company” or “Gossan”) announces that it has completed its previously announced non-brokered private placement offering of 8,000,000 flow-through units (each a “FT Unit”) of the Company at a price of $0.24 per FT Unit for aggregate gross proceeds of $1,920,000 (the “Offering”).
GOSSAN’S DIVERSIFIED RESOURCE PORTFOLIO
Gossan is primarily engaged in the business of exploration and development of mineral resources in Newfoundland, Manitoba and Northwestern Ontario. The Company acquired a property in the zinc-rich polymetallic Sturgeon Lake Greenstone Belt in northwestern Ontario where a winter drill program was completed, in early in 2018. Gossan also has a broadly diversified portfolio of multi-element properties prospective for hosting platinum group elements and base metals, as well as specialty “green-battery metals”, vanadium, titanium, tantalum, lithium and chromium. Gossan also has a large deposit of high-purity, magnesium-rich dolomite, and holds an advance and a production royalty interest in a high quality silica (frac) sand deposit. Within the legacy portfolio, the company’s main focus is the exploration for zinc-rich polymetallic deposits at its Sturgeon Lake Property.
Our new, highly prospective gold project in Newfoundland near the recent discovery hole by New Found Gold.
STURGEON LAKE ZINC
DRILL READY: A drill program is in planning for the Sturgeon Lake Property, located in the zinc-copper-silver rich polymetallic Sturgeon Lake Greenstone Belt of Northwestern Ontario.
The Inwood Magnesium Dolomite Property is located in south-central Manitoba, 80-km north of Winnipeg.
The Bird River Property, which covers over 4,500 hectares along 22 kilometres of the Bird River Sill Complex, is comprised of the Western Extension and 3 separate blocks of the Sill.
The Pipestone Project is a 50% owned joint-venture with Cross Lake Mineral Explorations Inc.
The 267-hectare Separation Rapids Specialty Minerals Project is located 58 km north of Kenora, Ontario in the highly prospective English River greenstone belt, which hosts lithium, tantalum and cesium mineralization.