Announcement • Jul 04

Gander Gold Corp. Provides Exploration Update on its Gander North Project in Newfoundland

Gander Gold Corp. announced to provide an exploration update on its Gander North Project in Newfoundland where 28 rotary air blast ("RAB") drill holes, an exploration tool designed to prioritize first-ever diamond drilling targets, were completed in 2023. Highlights: Anomalous to significant gold mineralization was encountered in eight (8) of 11 RAB holes completed on the western side of Gander North with five (5) of these holes also intersecting mafic-ultramafic rock associated with the GRUB Line. Anomalous mineralization was encountered in 14 of the 17 RAB holes completed on the eastern side of Gander North. This initial round of RAB drilling on each side of Gander North tested only five (5) of 14 large soil geochemistry anomalies identified at this large-scale project to date. Results warrant additional follow-up exploration at these 5 anomalies ahead of potential diamond drilling. An exploration plan for the remaining 9 large soil geochemistry anomalies is being finalized. Gander Gold completed a total of 34 RAB drill holes across its Newfoundland properties in 2023 including three (3) at Lizard Pond (Gander South) where diamond drill targets have been outlined after 1 RAB hole cut 13.7 metres grading 1.06 g/t Au starting from surface. Gander Gold Corporation contracted the services of GroundTruth Exploration to conduct and manage the 2023 RAB drill program in Newfoundland. RAB drilling produces rock chip samples. A representative sample for each 5-foot (1.52m) interval of drilling was collected for analyses. Once sorted and logged, all samples were shipped to SGS Canada's prep facility in Grand Falls, NL, and final analyses were performed at SGS in Burnaby, B.C. At SGS in Grand Falls, NL, individual samples were dried, crushed and pulverized (PRP89). Analyses at SGS Burnaby consisted of a 30g Au Fire Assay (GE_FAA30V5), and a 25g sample was analysed for 49 elements by 2 Acid Leach with an ICP-MS finish (GE_ARM3V25). SGS Canada is a certified laboratory independent of Gander Gold Corporation. As part of the sampling protocol a QAQC program was adhered to and included the insertion of industry approved standards, blanks, and the insertion of field duplicates. Alternating standards, blanks and field duplicates were part of the sampling stream and amounted to six QA/QC samples per 100 samples collected.

Announcement • Dec 15

Gander Gold Corp. Intersects Near Surface Gold Mineralization at Thwart Island - BLT Project

Gander Gold Corp. announced preliminary results from its recently completed Rotary Air Blast (RAB) drill program at the "Islander Zone" on Thwart Island, Newfoundland. Gander's Thwart Island claims form part of the Company's larger Botwood-Laurenceton-Thwart Island (BLT) Project in the Bay of Exploits region of Newfoundland. The first-ever drilling at Thwart Island was conducted in Summer 2023 by Gander Gold and consisted of three RAB drill holes totaling 193.5 meters of drilling. Anomalous gold mineralization was intersected in all three drill holes. The first hole drilled (BLTRAB23-001) intersected three individual zones of Gold-Silver-Arsenic mineralization and ended in anomalous Gold-Silver-Arsenic mineralization (Au-Ag-As; 118ppb, 0.03ppm, 1213ppm respectively) indicating the fourth intersected zone of Au-Ag-As mineralization remains open at depth. The drillhole was collared near to two surface grab samples grading >1.0 g/t Au. The second hole drilled (BLTRAB23-002) was drilled in the vicinity of the 5939.5ppb Au-in-soil sample collected from the Islander Zone during the 2022 regional soil geochemistry program. This sample was the single highest grade gold result from the Company's approximate 40,000 soil sample program across its eight Newfoundland project areas. Anomalous Au-Ag-As-Sb mineralization starts at a downhole depth of 12.2m and continues through 19.8m. This subsurface zone of anomalous Au-As mineralization is indicative of a gold system occurring in this area and is possibly connected with the surface soil sample of 5939.5ppb Au and 654.8ppm As. The third drillhole (BLTRAB23-003) encountered anomalous Cu mineralization immediately at the bedrock interface through to the end of the drillhole. Anomalous Au-As mineralization was continuous from 18.3m - 24.4m. The Islander Zone and Thwart Island area is a developing gold prospect. Positive soil geochemistry surveys (Au-in-soil up to 5939.5ppb) and prospecting results (up to 1.23 g/t Au) accumulated to date and validated by subsurface RAB gold mineralization results has confirmed the prospectivity of the Thwart Island area. Associated with zones of gold mineralization is a strong supporting Silver-Arsenic-Antimony (Ag-As-Sb) geochemical signal, which is consistent with geochemical signals at other developing gold camps in Newfoundland.

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Gander Gold Corporation, Annual General Meeting, Dec 27, 2024

Gander Gold Corp. Provides Exploration Update on its Gander North Project in Newfoundland

Gander Gold Corp. Intersects Near Surface Gold Mineralization at Thwart Island - BLT Project

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