Drilling Underway at Gossan-Marathons Bird River Projectadmin
Gossan Resources Limited has been advised by its joint venture partner, Marathon PGM Corporation, that the planned winter drilling campaign at the Bird River Project is now underway. The drill program is designed to improve the size, grade and quality of the resources recently defined at the Page Block and Ore Fault zones and also to test three high priority geophysical targets located to the east and south of Ore Fault. The Property is located on the Bird River Sill in southeastern Manitoba and is immediately adjacent to Mustang Minerals Maskwa Property where a final feasibility study is being conducted.
The Bird River Project is a joint venture between Marathon and Gossan Resources. Gossan currently owns a 47% interest in the Project. The Bird River Project covers a strike length of 22km of the Bird River Sill. Numerous known showings of Ni-Cu-PGM are present throughout the Bird River Sill. Drilling to date has only focused on 3km at the eastern end of the Property.
Douglas Reeson, President of Gossan commented, “The current drill program should enhance the two existing NI 43-101 compliant resources and also has the potential to identify new mineralized zones. Marathon has done an excellent job moving the Bird River Project forward.”
Gossan Resources Limited is engaged in mineral exploration and development in Manitoba and northwestern Ontario. It has a well-diversified portfolio of properties hosting gold, platinum group and base metals, as well as the specialty and minor metals, tantalum, lithium, chromium, titanium and vanadium. The Company also has a large deposit of magnesium-rich dolomite, the world-wide rights to the Zuliani magnesium production process, and a silica sand deposit. Gossan trades on the TSX Venture and the Frankfurt/Freiverkehr & Xetra Exchanges and has 29,020,900 common shares outstanding.