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    GGAU   CA3646031003

GAMBIER GOLD CORP.

(GGAU)
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Gambier Gold Corp. Identifies Multiple Geophysical Anomalies and Expands Property Holdings at Detour West

11/25/2020 | 12:01pm EST

Gambier Gold Corp. announced it has recently completed a review of historical airborne geophysical surveys on its Detour West property in northern Ontario. Gambier's Detour West property is located immediately adjacent to the Detour Lake gold mine property of Kirkland Lake Gold, Canada's second large active gold mine. The review and interpretation of recently recovered GeoTEM airborne data yielded numerous highly conductive geophysical anomalies along and proximal to the Sunday Lake (SLDZ) and Lower Detour (LDDZ) Deformation Zones which cross the property. As a result the Company has expanded its land holdings at Detour West by 4,917 hectares to a total of 23,849 hectares. The re-processing and re-interpretation of recently acquired historical airborne geophysical datasets was completed by Campbell and Walker Geophysics Ltd. Several moderate to strong conductors with direct spatial relation to inferred geological structures have been identified as high priority targets within the property boundary. The Detour Lake gold mine, located approximately 20km along strike to the east, was discovered testing a similar conductive response located proximal to the SLDZ as were the Martiniere and Fenelon gold deposits located further east along the same structure. The anomalies were derived from both a closely-spaced airborne VTEM survey completed in 2016 covering the eastern half of Detour West property in addition to a GeoTEM survey flown over the western half of the property in 1996. Available data indicates that the majority of these conductors have not been drill tested. Gambier Gold Corp. has engaged Pioneer Exploration Consultants Ltd. to fly a series of high resolution airborne magnetic surveys over selected areas to further refine the structural setting and aid in future drill targeting.


© S&P Capital IQ 2020
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Financials
Sales 2021 - - -
Net income 2021 -0,99 M -0,79 M -0,79 M
Net cash 2021 1,07 M 0,85 M 0,85 M
P/E ratio 2021 -6,60x
Yield 2021 -
Capitalization 2,86 M 2,28 M 2,27 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 75,0%
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Managers and Directors
Michael E. Schuss President, CEO, Secretary & Director
Geoffrey Balderson Chief Financial Officer & Director
Michael Burns Independent Director & Vice President-Exploration
Rafael Vaudrin Independent Director
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