Company Description
Gander Gold Corp. (OTCQB: GANDF) is a Canadian junior exploration company in the gold sector, focused on early-stage exploration in the province of Newfoundland and Labrador. The company describes itself as "All Newfoundland, All the Time" and states that it is one of the island's largest claimholders targeting new high-grade gold discoveries. Gander Gold is part of the Basic Materials sector and operates in the gold industry through a portfolio of exploration-stage projects rather than producing mines.
According to company disclosures, Gander Gold’s strategy centers on exploring multiple project areas across Newfoundland. Its current focus is on the large Gander North, Mount Peyton, and BLT (Botwood–Laurenceton–Thwart Island) projects, where the company reports very promising early exploration success. Additional opportunities advancing through its exploration pipeline include the Cape Ray II, Carmanville, Gander South, Little River, and Hermitage projects.
Exploration Focus and Key Projects
Gander Gold’s business model is centered on identifying and advancing gold targets through systematic exploration. The company highlights its land position in the Central Newfoundland Gold Belt and notes that it controls a large project area at Gander North, described as a leading grassroots gold discovery opportunity where no previous drilling or systematic exploration had occurred before its programs.
At Gander North, Gander Gold reports the identification of at least 14 high-priority target areas, some extending several kilometers in length. Exploration work has included soil geochemistry, geological mapping, prospecting, LiDAR, airborne MAG/VLF surveys, ground VLF-EM surveys, and Rotary Air Blast (RAB) drilling. The company states that RAB drilling at Gander North is being used as an advanced exploration tool to prioritize first-ever diamond drill targets by testing gold-in-soil anomalies coincident with interpreted structural features.
The BLT Project (Botwood–Laurenceton–Thwart Island) includes the Thwart Island area in the Bay of Exploits region. Gander Gold reports that its first-ever RAB drilling at the Islander Zone on Thwart Island intersected anomalous gold mineralization in all three RAB drill holes, supported by strong silver–arsenic–antimony geochemical signatures. The company describes Thwart Island as a developing gold prospect where soil geochemistry, prospecting, and RAB drilling together indicate the presence of a mineralized system that remains open for further exploration.
Gander South – Lizard Pond is another key project area. At the Lizard Pond claims, part of the larger Gander South Project, the company reports that a maiden RAB drill program identified significant gold-bearing mineralization across the full length of each of three RAB drill holes. Gander Gold states that all three holes were mineralized from surface to end-of-hole, with notable intervals of higher-grade gold. The company interprets these results, combined with soil and rock geochemistry, as evidence of a significant gold system at Lizard Pond. It has also disclosed the expansion of its Lizard Pond land position through a binding Letter of Intent to purchase additional contiguous claims that host historic gold occurrences.
At Mount Peyton and other projects such as Cape Ray II, Carmanville, Little River, and Hermitage, Gander Gold indicates that exploration is progressing through surface work and target development, with some areas being prepared for initial drilling based on geochemical and structural interpretations.
Exploration Methods and Technical Approach
The company emphasizes a systematic, data-driven exploration approach. Across its Newfoundland properties, Gander Gold reports the use of:
- Extensive soil geochemistry programs, including large numbers of B- and C-horizon soil samples to identify gold-in-soil anomalies and associated pathfinder elements such as arsenic (As), antimony (Sb), copper (Cu), silver (Ag), and bismuth (Bi).
- Rotary Air Blast (RAB) drilling as a cost-effective method to generate bedrock chip samples, confirm subsurface geology, and test interpreted structures and geochemical anomalies ahead of potential diamond drilling.
- Geophysical surveys including airborne MAG/VLF, LiDAR, and ground VLF-EM to map structures and refine drill targeting.
- Quality assurance/quality control (QA/QC) protocols involving certified laboratories and the insertion of standards, blanks, and field duplicates into the sample stream.
Technical information in the company’s news releases is stated to be reviewed and approved by a Qualified Person under National Instrument 43-101 standards, reflecting the regulatory framework for mineral exploration disclosure in Canada.
Geographic Focus and Jurisdiction
Gander Gold’s activities are concentrated in Newfoundland and Labrador, Canada. The company notes that its projects are located within the Central Newfoundland Gold Belt and in proximity to major regional structures such as the GRUB Line, the Dog Bay Line, and the Appleton Fault system. It highlights that several of its properties, including Gander North and Gander South (Lizard Pond), are positioned near areas where other companies have reported significant gold discoveries and gold-in-soil anomalies.
Trading Status and Regulatory Context
Gander Gold’s shares trade on the Canadian Securities Exchange under the symbol CSE:GAND and on the OTCQB market in the United States under the symbol GANDF. In a news release dated November 5, 2025, the company announced that the British Columbia Securities Commission issued a Failure-to-File Cease Trade Order (FFCTO) dated November 3, 2025. The FFCTO was issued as a result of the company’s failure to file annual audited financial statements, annual management’s discussion and analysis, and certifications of annual filings for the financial year ended June 30, 2025. The company stated that, as a result, trading in its securities is prohibited in each Canadian jurisdiction that has adopted the relevant multilateral instrument, until the FFCTO is revoked or varied in accordance with applicable securities laws.
In the same disclosure, Gander Gold indicated that it lacked the financial resources necessary to complete its audit and related continuous disclosure obligations and that management was assessing strategic alternatives and potential sources of capital, with no assurance regarding the timing or outcome of such efforts. The company also cautioned that it may be unable to maintain its reporting issuer status or corporate existence, and highlighted risks related to financing, regulatory approvals, commodity price fluctuations, and other factors.
Company Stage and Risk Profile
Based on its own statements, Gander Gold is at the exploration stage and does not describe any producing mines or revenue-generating operations from gold production. Its value proposition is tied to the potential for new gold discoveries across its project portfolio in Newfoundland and Labrador. The company’s disclosures emphasize that exploration results are early-stage and subject to significant technical, financial, and regulatory risks, and include forward-looking information disclaimers noting that actual outcomes may differ materially from expectations.
Use Cases for Investors and Researchers
For investors and analysts researching GANDF stock, Gander Gold’s public information provides insight into:
- The scale and location of its land holdings in Newfoundland and Labrador.
- Exploration methods, including RAB drilling and geochemical surveys, used to define targets.
- Specific project areas such as Gander North, BLT (Thwart Island), Gander South (Lizard Pond), Mount Peyton, Cape Ray II, Carmanville, Little River, and Hermitage.
- Regulatory and financial risks highlighted by the company, including the FFCTO related to filing delays.
Because the company is a junior explorer, its disclosures focus on geological potential, exploration results, and project advancement rather than production metrics. Readers are directed in the company’s own releases to consult additional reports filed with securities regulatory authorities for more detailed risk factors and technical information.
Stock Performance
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SEC Filings
No SEC filings available for Gander Gold.
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Short Interest History
Short interest in Gander Gold (GANDF) currently stands at 72.5 thousand shares, down 9.1% from the previous reporting period, representing 0.8% of the float. Over the past 12 months, short interest has increased by 694.8%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Gander Gold (GANDF) currently stands at 3.7 days, up 6.1% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 268% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 1.0 to 313.6 days.