Board Change • Mar 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director George Mannard was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jan 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director George Mannard was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jan 10
Gossan Resources Limited, Annual General Meeting, Mar 06, 2025 Gossan Resources Limited, Annual General Meeting, Mar 06, 2025. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director George Mannard was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 06
Gossan Resources Limited, Annual General Meeting, Dec 14, 2023 Gossan Resources Limited, Annual General Meeting, Dec 14, 2023. Board Change • May 18
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Director A. Mumin is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 09
Gossan Resources Limited Provides Update on Newfoundland Geochemical Sampling Program Gossan Resources Limited provided an operational update for its geochemical exploration program at its Gander Property in Newfoundland. The proposed plan included 1,469 till sample locations across the Gander Main claim block. As of December 5, 2022 field teams had completed the high priority samples. The teams were able to collect samples at 874 of the 937 high priority locations. Work has continued to the collect the remainder of the samples. This initial batch of high priority samples is being prepared and will be shipped to the lab at the end of this week. The remainder of the samples are expected to be collected, prepared, and shipped to the lab in the next two weeks. The samples will be processed using ALS AuMe-TL43. The Company expects to receive assay results during the first quarter of 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Director A. Mumin is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 16
Gossan Resources Announces Exploration Program for its Gander Property in Newfoundland Gossan Resources Limited announced its summer and fall exploration programs at its Gander Property in Newfoundland. The Company's wholly-owned Gander Property consists of 8,875 hectares and is immediately adjacent to the Queensway property along the Central Newfoundland Gold Belt owned by New Found Gold. The Company also holds title to the 975-hectare Weir Pond Property which lies 25 km north of Gander, and to the 1,050-hectare Island Pond Property which lies 48 km north of Gander. The properties straddle a major geological contact between the Dunnage and Gander Zones. The Company has contracted an airborne magnetic survey including Triaxial Magnetic Gradient Surveys and VLF Surveys across the entire 10,900 hectares of its Gander property holdings. This program is ongoing and the Company expects the results will assist in better in planning geochemical ground surveys, and more targeted geophysical programs. The survey's output will be used in conjunction with existing LiDAR, geophysical and airborne mag data, as well as historic work to finalize planning and execute a sampling program across a large portion of the land package. The sampling program will test the main GRUB line structure, and adjacent areas including historic and unverified gold showings. The Company will also sample outcrops and known historic quarries with exposed quartz veins and graphitic tuffs. The Company expects that the results of these programs will serve to define high prospectivity areas for detailed subsequent exploration. The Company has received exploration permit extensions for its Newfoundland Properties that are valid until July 2023. Announcement • May 14
Gossan Resources Limited announced that it has received CAD 0.88 million in funding On May 13, 2022, the company closed the transaction. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman, CFO & Secretary Douglas Reeson is the most experienced director on the board, commencing their role in 2001. Independent Director George Mannard was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 19
Gossan Resources Limited Announces Diamond Drilling Program At Its Glitter Property Situated on the Sturgeon Lake Greenstone Belt in Northwestern Ontario Gossan Resources Limited has successfully completed its previously announced diamond drilling program at its Glitter Property situated on the Sturgeon Lake Greenstone Belt in northwestern Ontario. Gossan identified numerous sulphide-bearing horizons in all three target locations. Based on preliminary core logging, at least six drill holes were found to contain anomalous amounts of sphalerite, the zinc-bearing sulphide mineral mined in the past-producing Sturgeon Lake mines whose stratigraphy extends into Gossan's Glitter Property. Gossan cautions that these are preliminary results as core assays and definitive results are pending. Gossan is pleased to provide the following preliminary summary of drilling highlights: The main host rocks are andesite and basalt with gabbro intrusions and local lapilli tuffs. Bedded sulphides occur in altered felsic tuffs, crystal tuffs and graphitic felsic tuffs. Extensive footwall stringer and stock work sulphides and alteration veins occur in all rock types. Holes GL-21-01, 02, and GL-22-03, 04, 05, 08 and 11 intersected the northern target area. They delineate and area of widespread massive and semi-massive sulphide mineralization in up to 4 separate horizons comprising this northern target. The region contains very extensive footwall style stock work veining similar to footwall veining and stock work under the Lyon Lake and Sturgeon Lake mine deposits, comprised of quartz, calcite, Fe-carbonate, chlorite, biotite, pyrrhotite, magnetite, and tourmaline. The mineralization is associated with extensive faulting and shearing. At least one of the 4 horizons intercepted is now known to host at least some sphalerite mineralization. Holes GL-22-06, 07 and 09 intercepted the central target area. All holes contained minor sphalerite mineralization associated with sulphides in altered felsic tuffs. Hole GL-22-10 intercepted the lower target area. A series of felsic tuffs and blue quartz crystal tuffs host the most significant and widespread sphalerite with local chalcopyrite seen in the current program, within laminated, disseminated and semi-massive sulphides of pyrrhotite and pyrite. Drill Hole Highlights: GL-21-01 (434m): Intersected 125 metres of footwall type stringer sulphide mineralization hosted in quartz-calcite-Fe-carbonate-tourmaline veins and stock work. Two minor zones of bedded disseminated to semi-massive sulphides of pyrrhotite and pyrite were also encountered. Image 3 - Drill core photograph from DDH GL-21-01. Footwall style stringer veining and mineralization cutting through mafic host rocks. Veins are quartz-calcite-Fe-carbonate-chlorite-tourmaline-pyrrhotite-magnetite. GL-21-02 (302m): Intersected two horizons of 10 and 22 metres with intervals of massive, semi-massive and stringer sulphides comprised of pyrite and pyrrhotite. Footwall style stringer mineralization and alteration veins extend above and below the main sulphide horizons. GL-22-03 (401m): Intersected at least 300 metres of weak to moderate (and locally strong) footwall type stringer sulphide mineralization hosted in quartz, Fe-carbonate, chlorite, tourmaline veins and stockwork. This hole terminated while still in the footwall zone. GL-22-04 (260m): Intersected a 5.4-metre zone of massive and semi-massive pyrite and pyrrhotite with associated footwall-type stringer sulphides. GL-22-05 (176m): Intersected a 33-metre zone with massive, semi massive and stringer sulphides of pyrite and pyrrhotite, and also footwall-style stringer mineralization. This hole also intersected several crack-seal style quartz-veins up to 3.1 metres in width with graphite schlieren, pyrite, pyrrhotite and minor sphalerite. GL-22-06 (395m): Intersected two zones of less than 3 metres with disseminated to locally semi- massive sulphides with minor sphalerite and chalcopyrite (zinc-copper). GL-22-07 (347m): Intersected a 16-metre zone of disseminated to semi-massive sulphides of pyrrhotite and pyrite with trace to minor sphalerite throughout the interval. GL-22-08 (512m): Intersected an extensive zone of sheared, brecciated and altered rock with an upper 2.3-metre massive sulphide lens, a 12-metre middle zone of disseminated to massive sulphides of pyrite and pyrrhotite, and an 8-metre lower zone of massive and semi-massive sulphides in quartz-Fe- carbonate-chlorite-biotite-tourmaline breccia. Announcement • Apr 15
Gossan Resources Limited announced that it expects to receive CAD 0.8 million in funding Gossan Resources Limited announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.16 per unit for gross proceeds of CAD 800,000 on April 14, 2022. Each unit consists of one common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of CAD 0.24 per share for a period of two years from the date of issuance. All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance. The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The company may pay finder's fees to eligible persons in accordance with applicable securities laws and regulatory policies. Announcement • Sep 24
Gossan Resources Limited Commences Field Work at Its Gander Gold Property and Plans Drill Program for its Glitter VMS Property Gossan Resources Limited announced its work plans for its Gander Gold Property, NL, and its Glitter Property, in the Sturgeon Lake VMS Camp in Northwestern Ontario. The Company's wholly-owned Gander Gold Property consists of 9,400 hectares and is adjacent to the Queensway property along the Central Newfoundland Gold Belt owned by New Found Gold. The Company also holds title to the 975-hectare Weir Pond Property which lies 25 km north of Gander, and to the 1,050-hectare Island Pond Property which lies 48 km north of Gander. The properties straddle a major geological contact between the Dunnage and Gander Zones. The Company has contracted a LiDAR survey including ortho-imagery across 9,500 hectares of its total Gander property holdings, covering the majority of its claims. This program is ongoing and the Company expects the results will assist in better in planning ground surveys. The Company expects to receive the results of this survey in the month of October. The survey's output will be used in conjunction with existing geophysical and airborne mag data, as well as previous work to finalize planning and execute a sampling program across a large portion of the land package. The sampling program will consist of approximately 1,200 to 1,500 samples on wide spaced NNW-SSE grids lines testing the main GRUB line structure, and adjacent areas including historic and unverified gold showings. The Company will also sample outcrops. Gossan has been in contact with a specialized contractor and the work program has been added to the queue to be performed as the contractor's prior commitments are completed. The Company expects that the results of these programs will serve to define high prospectivity areas for detailed subsequent exploration. Gossan's 4,500-hectare Glitter Property lies within the zinc-copper-silver rich polymetallic Sturgeon Lake Greenstone Belt in northwestern Ontario. The property is directly along strike and to the east of 6 Volcanogenic Massive Sulfide (VMS) deposits that were mined between 1970 and 1991 with aggregate production of approximately 18.7 million tonnes with typical grades of 8.0% zinc, 1.1% copper, 0.8% lead, 120 g/t silver and 0.5 g/t gold (Franklin et al - 1995). Gossan has contracted an additional gravity survey to expand the area coverage of the 2018 gravity survey, which has shown large gravity anomalies which are coincident and overlapping with sulphide bearing VTEM conductor anomalies. The survey will extend the coverage area to the North, Northeast and West of Glitter Lake, where the previous survey ended in a significant gravity anomaly. The survey will consist of approximately 525 gravity stations covering approximately 25-line kilometers. The Company is also finalizing the planning for a diamond drilling program of up to 4,000 meters in up to 15 drill holes to test a series of prospective drill targets. The targets are defined by the coincidence of prospective geology with strong VTEM geophysical conductors, multiple geochemical indicators, and large gravity targets. Previous drilling indicates these target horizons are associated with stringer to massive sulphide mineralization, and extensive VMS-type hydrothermal alteration. It is anticipated that the holes will target varying depths from 100 to 400m in depth. Announcement • May 18
Gossan Resources Limited announced that it has received CAD 1.92 million in funding On May 17, 2021, Gossan Resources Limited (TSXV:GSS) closed the transaction. Each warrant is exercisable at any time on or before May 17, 2023. The company paid a cash commission equal to 6% of the aggregate gross proceeds through issuance of an aggregate of 480,000 shares at a deemed price of CAD 0.24 per share and 480,000 finder warrants at a price of CAD 0.24 per warrant until expiry on May 17, 2023. The transaction is subject to receipt of all necessary regulatory and other approvals, including the final acceptance of the TSX Venture Exchange. The securities issued are subject to a statutory hold period expiring on September 18, 2021. Announcement • May 12
Gossan Resources Limited announced that it expects to receive CAD 1.92 million in funding Gossan Resources Limited (TSXV:GSS) announced a non-brokered private placement of 8,000,000 flow through units at a price of CAD 0.24 for gross proceeds of CAD 1,920,000 on May 11, 2021. Each unit will consist of one flow through common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a share at a price of CAD 0.30 for a period of 2 years. The transaction will include participation from Eric Sprott for 7,900,000 units. The transaction is subject to all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The securities issued will be subject to hold period of four months and one day from closing. The company may pay finder's fee to eligible persons. Announcement • Dec 01
Gossan Resources Limited (TSXV:GSS) acquired additional properties in the Gander Goldbelt. Gossan Resources Limited (TSXV:GSS) acquired additional properties in the Gander Goldbelt on November 30, 2020.
Gossan Resources Limited (TSXV:GSS) completed the acquisition of additional properties in the Gander Goldbelt on November 30, 2020. Announcement • Sep 02
Gossan Resources Limited (TSXV:GSS) entered into a mineral property acquisition agreement to acquire Gander Gold Property located just outside Gander, Newfoundland for CAD 0.18 million. Gossan Resources Limited (TSXV:GSS) entered into a mineral property acquisition agreement to acquire Gander Gold Property located just outside Gander, Newfoundland for CAD 0.18 million on August 31, 2020. Gossan Resources Limited will issue 2.1 million common shares, reimburse staking costs of CAD 0.02 million and grant a 2% net smelter returns royalty, subject to re-purchase of 1% of the NSR for CAD 1 million. The completion of the acquisition remains subject to receipt of all necessary regulatory approvals. The transaction is subject to the approval of the TSX Venture Exchange. Announcement • Aug 25
Gossan Resources Limited announced that it has received CAD 0.17 million in funding On August 21, 2020, Gossan Resources Ltd. (TSXV: GSS) closed the transaction. The transaction included participation from returning investor Douglas Reeson the chief executive officer of the company for an aggregate of 200,000 units. Upon completion, Douglas Reeson now beneficially owns and controls, directly or indirectly, 6,961,000 common shares, 100,000 warrants and 800,000 stock options, representing approximately 18.36% of the company's issued and outstanding common shares on a non-diluted basis and approximately 20.25% of the company's issued and outstanding common shares on a partially diluted basis. The Company paid an eligible person a cash commission, payable in 256,000 Units, being equal to 8% of the aggregate gross proceeds of the offering with respect to the subscribers introduced to the company by such finder. In addition, the company issued an aggregate of 272,000 finders warrants being equal to 8% of the aggregate number of units sold under the offering attributable to the finder. Each finder warrant entitles the holder thereof to acquire one unit at a price of CAD 0.05 per unit for a period of 2 years from the closing date of the offering. The units underlying the finder warrants consist of one common share and one-half of one warrant, exercisable at a price of CAD 0.08 per common share for a period of 2 years from the date of issuance. Announcement • Aug 18
Gossan Resources Limited announced that it expects to receive CAD 0.17 million in funding Gossan Resources Ltd. (TSXV: GSS) announced a non-brokered private placement of 3,400,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 170,000 on August 17, 2020. Each unit consists of one common share and one-half warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of CAD 0.08 per share for a period of 2 years from the closing date. The securities to be issued are subject to a regulatory hold period of four months and one day from closing. The Company may pay finder's fees to eligible persons in accordance with applicable securities laws and regulatory policies. The transaction is subject to TSX Venture Exchange acceptance of regulatory filings. Announcement • Aug 08
Gossan Resources Limited Auditor Raises 'Going Concern' Doubt Gossan Resources Limited filed its Annual on Aug 05, 2020 for the period ending Mar 31, 2020. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Announcement • Jul 26
Gossan Resources Limited to Report Q4, 2020 Results on Aug 07, 2020 Gossan Resources Limited announced that they will report Q4, 2020 results at 10:57 PM, Eastern Daylight on Aug 07, 2020