Source: Galleon Gold.
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  • Galleon Gold (GGO) reported positive progress of permitting activities at its West Cache Gold Project
  • The bulk sample is estimated at 86,500 tonnes of ore at 8.13 g/t for 22,600 ounces of gold
  • A geotechnical overburden drill program will take place in early December 22 over geotechnical overburden holes that will test the overburden/soil profile up to and including the first few metres of bedrock
  • Galleon Gold Corp. (GGO) is unchanged, trading at $0.23 per share as of 10:40 am ET

Galleon Gold (GGO) reported positive progress of permitting activities at its West Cache Gold Project.

The proposed West Cache Advanced Exploration Program includes engineering for the main ramp, vent raise, cut-outs for muck bays, as well as diamond drill stations. The mine plan has been developed for single panel transverse long hole open stoping based on a two-production level and four stope plan. The bulk sample is estimated at 86,500 tonnes of ore at 8.13 g/t for 22,600 ounces of gold.

A geomechanical core drill hole program has been completed. It will be used to complete the crown pillar stability report and ground control support plan for the excavation work for the box cut and portal.

A geotechnical overburden drill program will take place in early December over 22 geotechnical overburden holes that will test the overburden/soil profile up to and including the first few metres of bedrock.

The hydrogeology assessment has also been completed and will establish the peak site electrical load, horsepower ratings for the largest motors and then develop a preliminary high and medium-voltage power distribution system single line drawing for the site.

Source: Galleon Gold Corp.

Galleon Gold’s President and CEO, R. David Russell, commented that permitting for test mining is always an exciting time in the life cycle of a junior mining company. He called it the definitive start of transitioning from an exploration story to a bona fide exploration and development company.

“We initiated baseline studies soon after we acquired the West Cache project in 2020, and this early work has been invaluable in our approach to responsibly developing the project. It is rewarding to see the detailed design work for the box cut, decline, stopes and site plan coming together. We look forward to a busy 2023 as we complete the permitting process, engage with our local communities and plan to break ground on Timmins’ newest gold mine.”

Galleon Gold (GGO) is an exploration and development company focused on advancing the West Cache Gold Project in Timmins, Ontario.

Galleon Gold Corp. (GGO) is unchanged, trading at $0.23 per share as of 10:40 am ET.


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