DGAP-News

Geochem Sampling Underway as Gossan Plans Winter Drill Program at Sturgeon Lake Zinc Project

DGAP-News: Gossan Resources Limited / Key word(s): Miscellaneous
Geochem Sampling Underway as Gossan Plans Winter Drill Program at Sturgeon
Lake Zinc Project

06.09.2016 / 17:37
The issuer is solely responsible for the content of this announcement.

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Winnipeg, Manitoba--(Newsfile Corp. - September 6, 2016) - Gossan Resources
Limited (TSXV: GSS) (FSE: GSR), has initiated a sampling program at its new
property in the zinc-rich polymetallic Sturgeon Lake Greenstone Belt in
northwestern Ontario in order to plan a winter drill program. The drill
program will investigate strong untested geophysical targets with
coincident geochemical anomalies.

Gossan President, Douglas Reeson, stated, 'We have initiated a further more
detailed geochemical survey in order to better define anomalous metal zones
and determine the most prospective geophysical targets for drilling. Gossan
expects to conduct a winter drill program at its Sturgeon Lake Property. We
are highly encouraged by the coincident geophysical and geochemical
anomalies, presence of sulphide mineralization, strong hydrothermal
alteration, favourable stratigraphy and proximity to a series of past
producing mines.'

A property map and historical production of the 6 mines in the Sturgeon
Lake may be viewed at http://gossan.ca/pdfs/SturgeonLake-Sept16.pdf.

The untested geophysical targets on Gossan's property were the highest
priority targets from a 2010 VTEM survey conducted by Geotech Ltd. and
subsequently modeled with Geotech proprietary software. These targets were
not previously tested due to the need for a winter drill program which was
not carried out at that time. Coincident geochemical anomalies associated
with these targets include the highest possible ranking for VMS
mineralization by SGH soil surveys, and peripheral zinc and copper metal
anomalies from enzyme leach soil surveys. All geochemical analyses were
carried out by Actlabs. The current geochemical survey will provide
increased resolution and better coverage over the actual target zones which
were missed by the past enzyme leach survey due to inability to acquire a
suitable sample for testing. A compilation of new and historic information
will be used by Gossan to plan its winter drilling strategy.

Gossan's Sturgeon Lake Property has particular along-strike proximity to 4
past-producing deposits (Sturgeon Lake, Creek Zone, Sub-Creek Zone and Lyon
Lake deposits). Gossan's property is distinguished by a series of strong