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Gambier Gold Corp
Symbol GGAU
Shares Issued 26,105,016
Close 2020-06-04 C$ 0.07
Market Cap C$ 1,827,351
Recent Sedar+ Documents

ORIGINAL: Gambier Gold acquires Hemlo South

2020-06-08 09:07 ET - News Release

Received by email:

File: '\\doc\emailin\20200608 055212 Attachment GGAU_NR HemloSouth_2020Jun8_FINAL.docx'



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 dep
--->osit that has produced over 21 million ounces of gold since its discovery in the early 1980's. Production at Hemlo con
--->tinues to this day through operations at the Williams mine, an underground and open-pit operation owned and operated b
--->y Barrick Gold Corp.

The Hemlo South project encompasses an area of approximately 1,236 hectares, and directly adjoins Barrick's Hemlo prop
--->erty, 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 de
--->fined a 4 km trend of discrete magnetic structures, coinciding with government mapping of mafic, intermediate and fels
--->ic rocks. These structures, along with historical gold-in-soil anomalies elsewhere on the project, will be the main fo
--->cus 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 Hydrocarb
--->ons) and till sampling surveys over its Hemlo area projects. As described by Actlabs, SGH analysis is a high-performan
--->ce 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: info@gambier.gold

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.



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