Gambier GOLD Acquires Hemlo South GOLD Project IN Ontario
GAMBIER GOLD ACQUIRES HEMLO SOUTH
GOLD PROJECT IN ONTARIO
VANCOUVER, BC – June 8, 2020 – Gambier Gold Corp. ( TSX-V: GGAU) (the
“Company”) is pleased to announce it has acquired the Hemlo South Gold Project
(“Hemlo South” or, the “Project”) in northern Ontario.
The Hemlo South project is located in the Archean Schreiber -Hemlo greenstone belt,
which is host to the Hemlo gold deposit that has produced over 21 million ounces of
gold since its discovery in the early 1980’s. Production at Hem lo continues to this day
through operations at the Williams mine, an underground and open -pit operation
owned and operated by Barrick Gold Corp.
The Hemlo South project encompasses an area of approximately 1,236 hectares, and
directly adjoins Barrick’s He mlo property, with the Williams mine site located
approximately 7 km to the northeast of Hemlo South.
In 2007, previous operators of the Hemlo South project completed a high -resolution
AeroTEM survey, which positively defined a 4 km trend of discrete mag netic structures,
coinciding with government mapping of mafic, intermediate and felsic rocks. These
structures, along with historical gold -in-soil anomalies elsewhere on the project, will be
the main focus of exploration for the upcoming field season.
The Company is currently reviewing all historical data on both its Hemlo South and
Hemlo West projects, and is in the process of planning summer field programs. The
Company intends on completing SGH (Spatiotemporal Geochemical Hydrocarbons) and
till sampling surveys over its Hemlo area projects. As described by Actlabs, SGH analysis
is a high-performance deep penetrating geochemistry which has successfully shown the
presence of deeply buried mineral deposits, and has been used successfully at other
exploration projects in the Hemlo area.
Consideration for the Hemlo South project consists of the reimbursement of claim
staking fees and the granting of a 2% net smelter return royalty on the project claims.
A map of the Company’s projects in the Hemlo area can be found at the following link:
https://gambier.gold/wp-content/uploads/2020/06/hemlo_claims_2020jun7.pdf
The technical content of this news release has been reviewed and approved by Kelly
Malcolm, P.Geo., a qualified person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD
Michael E. Schuss
President & CEO
For further information, please contact:
Gambier Gold Corp.
Phone: 604-279-6263
E-mail: [email protected]
Website: www.gambier.gold
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.