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Gossan Drilling Angelina Gold Property

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  GOSSAN RESOURCES LIMITED

TSX VENTURE SYMBOL:  GSS
FRANKFURT SYMBOL:  GSR

APRIL 19, 2004 - 00:30 ET

Gossan Drilling Angelina Gold Property

WINNIPEG, MANITOBA--(CCNMatthews - Apr 19, 2004) - Gossan 
Resources Limited (GSS-TSX.V & GSR-Frankfurt/ Freiverkehr) has 
initiated a 10-hole, 1000m drill program at its Angelina Gold 
Property, located 27-km southeast of Bissett, Manitoba. This 
initial drill program will focus on testing targets around the 
Discovery Zone where Gossan has found surface gold mineralization 
of up to 18gpt over 3.7m (0.53opt over 12.1ft) associated with 
quartz and carbonate veining within regional-scale shear zones. 
The Angelina Property hosts two of these major shear systems, 
which extend up to 1 km in width and along strike in excess of 2 
km. 

The program includes four reconnaissance holes to be drilled at 
three locations. Two holes are planned to investigate the gold 
mineralization found in Hole E-88-03 undertaken by Rhino 
Resources Inc., which returned over 0.3opt gold over the 6-feet 
of core assayed. The other holes will test additional geophysical 
anomalies coincident with shear zones and lithological 
boundaries. Rodren Drilling Ltd. has been contracted to undertake 
this drill program. 

The 2313-hectare Angelina Property is located within the Rice 
Lake greenstone belt, the most significant gold district in 
Manitoba with more than 1.7 million ounces of past gold 
production. The Angelina Property is situated between Mid North 
Resources Corp.'s Cryderman and Central Manitoba Mine properties, 
which are both being actively explored under option to Placer 
Dome Inc. Between 1927 and 1937, the Central Manitoba Mine 
produced 137,817 ounces of gold at an average grade of 0.36opt 
gold. Elsewhere within the active Bissett gold camp, the San 
Antonio mine had historic gold production of 1.4 million ounces. 
Gossan also holds three additional gold properties in the Bissett 
area totalling 1749 hectares. 

Gossan Resources Limited is engaged in mineral exploration in 
Manitoba and northwestern Ontario. It has a well-diversified 
portfolio of properties hosting gold and platinum group metals, 
as well as the specialty metals, tantalum, chromium, titanium and 
vanadium. The Company also has large deposits of magnesium-rich 
dolomite and silica sands. Gossan trades on the TSX Venture and 
the Frankfurt/Freiverkehr & Xetra Exchanges and has 14,516,124 
shares outstanding (19,116,124 shares fully diluted). 


Nov 24, 2009 03:41PM
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