Press Releases


Archives 2003

To read older releases please see the archive links below.

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GAMMON LAKE REPORTS SECOND ROUND OF STEP-OUT AND IN-FILL DRILLING RESULTS FROM 65,000-METRE DRILL PROGRAM; EXTENDS TUNNELLING ON PLANNED 6 KM. RAMP
Dec 16, 2003
Gammon Lake Resources Inc. (GAM:TSX; AMEX: GRS) is pleased to release the results from 28 new step-out and infill drill holes at its 100%-owned O... 

GAMMON LAKE INCREASES GOLD-EQUIVALENT RESOURCE AT OCAMPO TO 4.4 MIL. OZ. BY COMPLETING BUY-OUT OF BOLNISI INTEREST AT OCAMPO OPEN-PIT AREA
Dec 11, 2003
Gammon Lake Resources Inc. (AMEX: GRS; TSX: GAM) is pleased to announce that it has completed the reacquisition of the rights previously held by ... 

GAMMON LAKE APPOINTS SENIOR BARRICK MANAGER AS CHIEF OPERATING OFFICER
Dec 2, 2003
Gammon Lake Resources Inc. (TSX: GAM, AMEX: GRS) is pleased to announce that Mr. Rod Pye has joined Gammon Lake as Chief Operating Officer. Mr. P... 

GAMMON LAKE AND BMO NESBITT BURNS CLOSE A FULLY SUBSCRIBED PRIVATE PLACEMENT OF CDN $15,000,000
Nov 21, 2003
Gammon Lake Resources Inc. (TSX: GAM, AMEX: GRS) is pleased to announce it has closed its previously announced private placement financing. The t... 

GAMMON LAKE PURCHASES BOLNISI GOLD’S 60% INTEREST IN THE OCAMPO JOINT VENTURE AREA AND NOW OWNS 100% OF THE ENTIRE DISTRICT
Nov 6, 2003
Gammon Lake Resources Inc. (TSX: GAM; AMEX: GRS) is pleased to announce that it has reached an agreement to terminate the "Earn-In Agreement... 

GAMMON LAKE ENGAGES BMO NESBITT BURNS FOR PRIVATE PLACEMENT OF CDN $15,000,000 OFFERING IS FULLY SUBSCRIBED
Nov 6, 2003
Gammon Lake Resources Inc. (TSX: GAM, AMEX: GRS) is pleased to announce that BMO Nesbitt Burns Inc. has been engaged as the exclusive agent in co... 

GAMMON REPORTS FIRST ROUND OF STEP-OUT AND IN-FILL DRILLING RESULTS FROM 65,000-METRE DRILL PROGRAM; EXTENDS TUNNELLING ON PLANNED 6 KM. RAMP
Sep 17, 2003
Gammon Lake Resources Inc. (GAM:TSX; AMEX: GRS) is pleased to release the results from 30 new step-out and in-fill drill holes at its 100%-owned ... 

GAMMON IS PLEASED TO ANNOUNCE THAT MEXGOLD RESOURCES INC. WILL BEGIN TRADING ON THE TSX-VENTURE SEPTEMBER 18, 2003
Sep 3, 2003
Gammon Lake, as a major shareholder of Mexgold Resources Inc. owning 26.7%, is pleased to announce that Mexgold Resources Inc. has completed a re... 

GAMMON LAKE TO GAMMON LAKE TO BEGIN TRADING ON AMEX ON SEPTEMBER 4, 2003
Sep 2, 2003
Gammon Lake Resources Inc. (TSX: GAM) is pleased to announce its intent to begin trading in the United States on the American Stock Exchange this... 

GAMMON LAKE ANNOUNCES 65,000-METRE DRILLING PROGRAM AND EXPANSION OF UNDERGROUND EXPLORATION DEVELOPMENT ON THE 100%-OWNED NORTHEAST OCAMPO PROJECT
Aug 21, 2003
Gammon Lake Resources Inc. (TSX: GAM) is pleased to announce the immediate commencement of a 65,000-metre drill program focused on expanding, as ... 

GAMMON LAKE AND BMO NESBITT BURNS CLOSE A FULLY SUBSCRIBED PRIVATE PLACEMENT OF CDN $17,250,000
Aug 19, 2003
Gammon Lake Resources Inc. (TSX: GAM) is pleased to announce it has closed its previously announced private placement financing. The total offeri... 

GAMMON LAKE ENGAGES BMO NESBITT BURNS FOR PRIVATE PLACEMENT OF CDN $17,250,000 OFFERING IS FULLY SUBSCRIBED
Aug 7, 2003
Gammon Lake Resources Inc. (TSX: GAM) is pleased to announce that BMO Nesbitt Burns Inc. has been engaged as the exclusive agent in connection wi... 

INDEPENDENT SCOPING STUDY SHOWS ANNUAL PRODUCTION OF 92,400 OZ. GOLD AND 4.6-MILLION OZ. SILVER, WITH IRR OF 247%, ON MEASURED AND INDICATED RESOURCE AT GAMMON’S 100%-OWNED OCAMPO UNDERGROUND PROJECT
Jun 12, 2003
Gammon Lake is pleased to announce the results of a Preliminary Economic Scoping Study conducted by Kappes, Cassiday & Associates (KCA), of R... 

25,000 METER DRILL PROGRAM AT GAMMON’S 100%-OWNED NORTHEAST OCAMPO PROJECT DEFINES NEW 2.968 MILLION OUNCE GOLD-EQUIVALENT RESOURCE
Jun 5, 2003
Gammon Lake is pleased to announce the results of its ongoing exploration and development program. After 10 months of intensive drilling at Gammo... 

BOLNISI ANNOUNCES DECISION TO PROCEED EARNING ITS 60% INTEREST IN OPEN-PIT MINE AT OCAMPO
Jun 3, 2003
Gammon Lake Resources Inc. (TSX: GAM; US-OTC: GMLRF) is pleased to announce it has been informed by Bolnisi Gold NL, its Australian partner at th... 

GAMMON SUMMARIZES HIGHLIGHTS OF HIGH-GRADE DRILL RESULTS ON 100%-OWNED OCAMPO PROJECT AREA
May 13, 2003
Gammon Lake Resources Inc. (GAM:TSX; U.S. OTC: GMLRF) is pleased to release an update of its ongoing drill program from its 100%-owned Ocampo pro... 

GAMMON REPORTS FURTHER HIGH-GRADE INTERCEPTS AT NEW ROSARIO ZONE, MAKING IT THE FOURTH HIGH-GRADE ZONE DISCOVERED TO DATE ON ITS 100%-OWNED OCAMPO PROJECT AREA
Apr 29, 2003
Drill Holes Hit High-Grade Deposits in new Rosario Zone; OG-63 Cuts 3-Metres 23.3 g/t Gold and 2,426 g/t Silver, included in within 40.5-metres ... 

GAMMON DISCOVERS THIRD NEW HIGH-GRADE ZONE IN DRILLING AT ITS 100%- OWNED OCAMPO PROJECT AREA
Apr 24, 2003
Gammon Lake Resources Inc. (GAM:TSX; U.S. OTC:GMLRF) is pleased to report results from drilling programs focused at the Las Animas zone at the co... 

DRILLING ENCOUNTERS NEW HIGH-GRADE ZONE IN COMPANY’S 100%-OWNED OCAMPO PROJECT AREA
Apr 2, 2003
Gammon Lake Resources Inc. (GAM:TSX; U.S. OTC:GMLRF) is pleased to report drill results from a new high-grade zone encountered at its 100%-owned ... 

GAMMON REPORTS RECENT DRILL RESULTS OF 32.3 GRAMS PER TONNE GOLD AND 800 GRAMS PER TONNE SILVER AT 100% OWNED OCAMPO PROPERTY
Feb 5, 2003
Gammon Lake Resources Inc. (GAM:TSX; U.S. OTC:GMLRF) is pleased to release new drill results from its 100% owned Ocampo project area. Drilling co... 

NEW DRILL RESULTS FROM OCAMPO PROJECT AREA UNDER BOLNISI EARN-IN AGREEMENT ADVANCE PROJECT TOWARD FINAL FEASIBILITY
Feb 3, 2003
Gammon Lake Resources Inc. (TSE: GAM) has been further advised by Bolnisi Gold NL, of Sydney, Australia, that the feasibility study for the Ocam... 

GAMMON LAKE ANNOUNCES INVESTMENT IN MEXGOLD RESOURCES INC.
Jan 15, 2003
Gammon Lake Resources Inc (TSE: GAM) is pleased to announce that it has made a $500,000 investment in a private company, Mexgold Resources Inc. (... 

OCAMPO PROJECT AREA UNDER BOLNISI EARN-IN AGREEMENT NEARS FINAL FEASIBILITY COMPLETION
Jan 13, 2003
Gammon Lake Resources Inc. (TSX:GAM) has been advised by Bolnisi Gold NL, of Sydney, Australia, that the Feasibility Study for the Ocampo Project... 

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