Gambier Gold Corp. Detour West Project Update

VANCOUVER, BC – March 21, 2022 – Gambier Gold Corp. (TSX-V: GGAU) (the “Company”) is pleased to announce results from the 2021 rotasonic drilling at its Detour Lake project.

In late February 2022 the Company commissioned Overburden Drilling Management Limited in Ottawa, ON (ODM) to prepare a report on the sample processing and analysing of the 395 samples received last year from the reverse circulation (RC)/rotasonic (RS) drilling on the Detour West Project. ODM has extensive experience with managing RC/RS drilling and sample preparation throughout Canada. ODM removed pebbles larger than 2 mm producing magnetic and non-magnetic heavy mineral concentrate from every sample received. In the non-magnetic heavy mineral concentrate (NMHMC) ODM identified and did characterization of free gold grains (553 micron sized grains) from 230 samples. The remaining 165 samples had no free gold grains. To be considered anomalous in the Detour Lake area of the Abitibi greenstone belt an RC/RS sample should have at least 10 free gold grains, and of the 230 sample only one sample had more than 10 grains (13 with 12 being modified by transport). The economic gold grade within the Abitibi is considered to generally be 1.0 g/t and ODM gold grade calculations of the 230 samples identified 6 samples with gold grades above 1.0 g/t. The free gold grains were returned to the NMHMC and shipped by ODM to Activation Laboratories Ltd. (Actlabs) in Ancaster, Ontario for Agua Riga digestion and Induced Coupled Plasma Analysis (ICP) and Instrument Neutron Activation Analysis (INAA) for comparison of calculated grades with analyzed grades. Analysis of 304 of these samples has been completed with 91 sample results still pending.

The conclusion of the ODM report is: “An objective of the program was to detect and delineate gold grain dispersal trains emanating from undiscovered mineralization of potential economic significance. The 48 RS holes were drilled using a dense 125 to 150 m hole spacing layout focused on the central part of the property. The gold grain counts and the HMC analyses from the till and sand/gravel samples do not indicate any significant gold mineralization proximal or distal to the survey area. Additional heavy mineral sampling using RS or RC drilling could be conducted on the eastern and western parts of the property. A broader layout with hole spacing’s of 300 m on traverses spaced 500 to 1,000 m apart would be sufficient to detect gold grain dispersion from a gold source of a potentially economic grade”.

The Company received the ODM report last week and is using it to file assessment work on the Gambier claims in the Detour West Property as per the claim vendors’ request to avoid defaulting on the claim agreement. The assessment report which includes the ODM report and Actlabs analytical results is filed on SEDAR. The ODM report is not a technical report under NI 43-101, and will be filed under the category “other” to show more information.

Due to the lack of success with RS drilling the Company has decided to change the exploration approach to what has been successful for the Detour Lake Mine.

Review of Detour Lake Mine’s 2018 NI43-101 report 1 indicated that a successful pre-drilling exploration approach especially south of the Lower Detour Deformation Zones (LDDZ) has been Induced Polarization (IP) surveys on 200 m line spacing and Mobile Metal Ions (MMI) geochemical survey to assist in ranking of the geophysical IP anomalies. In 2010 and 2011 Detour Lake Mines collected 10,000 MMI samples at 50 m spacing on lines 400 m apart along 30 km of the LDDZ. The samples were collected at depths of 10 to 25 cm and a 25 g split from each sample where analyzed by SGS Minerals in Don Mills, ON by ICP-MS. Between 2011 and 2017 the miner completed 838.4 line km on mainly 200 m line spacing principally along the LDDZ with detail 100 m line spacing around the Zone 58N gold deposit.

The Company has started a similar two phase program along an 8 km stretch of the western interpreted extension of the Saturday Lake Deformation Zone (SLDZ) starting approximately 1 km to the southeast of the A series RS drill holes. There are 10 conductivity-thickness product (CTP) airborne anomalies with a strength ranging from 5 to more than 30 siemens and 3 elevated conductivity zones along this stretch of the interpreted SLDZ. The initial phase would be MMI sampling along the 8 km length on 400 metres spaced lines to be followed by IP survey over initially the highest MMI anomalies to define drill targets. The drilling with be done by a combination RC-diamond core drill allowing for both till and rock core sampling. The till sampling would be supervised by ODM to identify gold grain dispersal train through the same sample processing and analysing they did for last year’s RS drilling. The Company would supervise the rock core drilling part.

Mr. Michael Schuss, CEO, Gambier stated “The results from the rotasonic drilling are very disappointing, but the Company needs to look forward and learn from past mistakes. The new technical team has started planning for the evaluation of airborne geochemical anomalies along interpreted western extension of both SLDZ and LDDZ within the project area through geochemical MMI sampling and IP survey to identify significant economic gold mineralization in the Deloro Assemblage mafic volcanics.”

Detour West Property

The Detour West Project is approximately 375.9 km2 (37,593 hectares) in size extending approximately 36.5 km east-west and approximately 15 km north-south) and road accessed by approximately 300 km from Timmins through Cochrane onto Ontario’s all-weather Secondary Provincial Highway 652 towards the Detour Lake Mine. The 1,889 Single cells Mining Claims cover the northwestern part of the Abitibi Greenstone Belt within the Superior Province in Ontario.

The Detour West Project RS drilling areas are located approximately 35 km west of the open-pit Detour Lake Gold Mine acquired by Agnico Eagle Mines Ltd. in February 2020 through the merger with Kirkland Lake Gold Inc. The Agnico Eagle Mines Ltd. mining leases adjoins the Detour West Project in the west.

The gold mineralization in the Detour lake area is associated with the large generally east-west deformation zone (SLDZ and LDDZ) that occurs at the contact between 2,725 Ma DA mafic metavolcanics and 2,700 Ma CA metasediments.

The bulk of the gold mineralization is found in the hanging wall of the SLDZ. This Quartz Hanging Wall Zone is a stockwork of auriferous quartz veins that splay from flexures along the SLDZ and it forms a 200-350 metre wide auriferous corridor defined over 3 km along the strike of the DA mafic metavolcanic from surface to at least 1,000 metres depth.

The richest gold mineralized zones are commonly associated with quartz veins with a strong biotite alteration and local zones of pyrrhotite-chalcopyrite-pyrite-gold enrichment formed during the deformation of the quartz vein system.

The present proven and probable reserve for the Detour Lake Mine is 573.3 million tonnes at 0.82 g/t gold for 15.03 million contained oz and another 15.25 million oz measured and indicated resources at 0.83 g/t gold as per December 31, 2021 (https://agnicoeagle.com/English/operations/reserves-and- resources/default.aspx)

Qualified Person Statement

The scientific and technical information contained in this news release was prepared and approved by Tor Bruland, M.Sc., P.Geo., Geologist at Cascade Geological Services and who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Bruland is a director of the Company.

ON BEHALF OF THE BOARD

Michael E. Schuss
President & CEO

For further information, please contact:

Gambier Gold Corp.
Phone: (604) 241-2254
E-mail: info@gambier.gold

Website: www.gambier.gold

Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws.  The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements.  In particular, this press release contains forward looking statements concerning the Company’s exploration plans. 

Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct.  Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties.  Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks.  These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations.  The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them.  These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

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