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Geochem Sampling Underway as Gossan Plans Winter Drill Program at Sturgeon Lake Zinc Project - Seite 2

VTEM conductors with coincident soil geochemical anomalies strongly
indicative of VMS type mineralization. To assist with its exploration
strategy Gossan geologists recently completed an examination of drill core
from a 2010 program, which has been acquired by Gossan and are located in
the area of interest. Examination confirms that selected untested
geophysical targets on Gossan's property are located in the stratigraphic
horizon of interest. These targets are hosted within blue quartz-crystal
rhyolites with strong hydrothermal alteration and mineralization similar to
the blue quartz-crystal rhyolites that host the nearby deposits.
Mineralization in past drilling contains pyrite and pyrrhotite with
anomalous zinc and copper.

Gossan's Sturgeon Lake Property which is comprised of 15 claims totaling
3,344 hectares, is directly along strike and to the east of a total of 6
Volcanogenic Massive Sulfide (VMS) deposits that were mined between 1970
and 1991. Approximately 18.7 million tonnes of ore was mined from these VMS
deposits with typical grades of 8.0% zinc, 1.1% copper, 0.8% lead, 120 gpt
silver and 0.5 gpt gold (GSC 1995).

Hamid Mumin, P.Geo., a Gossan Director is the Company's Qualified Person
and he has reviewed and approved the technical contents of this news
release.

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, vanadium, titanium, tantalum, lithium and
chromium. The Company also has a large deposit of high-purity,
magnesium-rich dolomite and various financial interests in a frac sand
deposit. The company trades on the TSX Venture and the
Frankfurt/Freiverkehr&Xetra Exchanges and currently has 33,170,400 common
shares outstanding.

Neither 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 news release.

For further information, please bookmark www.gossan.ca or contact:

Douglas Reeson, Chairman & CEO
Gossan Resources Limited
Tel: [phone]
E-Mail: [e-mail] [email: [e-mail]]

Kathy Ringland, Office Manager
Tel : [phone]


Click on, or paste the following link into your web browser, to view
the associated documents

http://www.newsfilecorp.com/release/22433

News Source: Newsfile


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06.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Gossan Resources Limited


Canada
ISIN: CA3834151068


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499501 06.09.2016