Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Galleon Gold (GGO) reported additional drill results from its 2022 drill program at its West Cache Gold Project
  • Best Zone #9 intercept to date (as determined by grade x thickness) in core hole WC-22-218 g/t Au over 7.6 metres within a broader zone of 7.41 g/t Au over 18.1 metres
  • Most intercepts typically range between 71 to 97 per cent of the true thickness of the interval, with an overall average of 88 per cent
  • Galleon Gold Corp. (GGO) is up 11.11 per cent, trading at $0.20 per share as of 10:45 am ET

Galleon Gold (GGO) reported additional drill results from its 2022 drill program at its West Cache Gold Project.

Highlights:

  • Best Zone #9 intercept to date (as determined by grade x thickness) in core hole WC-22-218 g/t Au over 7.6 metres within a broader zone of 7.41 g/t Au over 18.1 metres
  • This intercept will be included in the block model update for a detailed design of the underground bulk sample program
  • Interval intersected at a nearly perpendicular angle representing about 98.5 per cent true thickness

Deeper mineralization identified in the South Area intercepts of this hole may have the potential to extend known gold zones by approximately 90 to 120 metres, doubling their known dip extent.

Most intercepts typically range between 71 to 97 per cent of the true thickness of the interval, with an overall average of 88 per cent.

Source: Galleon Gold Corp.

Galleon Gold’s President and CEO, R. David Russell, commented that these results provide additional support for the company’s plan to test mine this portion of Zone #9.

“We believe that the bulk sample will provide important work for pre-feasibility studies and potentially be a profitable endeavour at the same time. From an advanced exploration perspective, once we bring the ramp alongside the ore body, we will drill the zone on close-spaced centers, providing a full picture of the potential of Zone #9.”

Source: Galleon Gold Corp.

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 up 11.11 per cent, trading at $0.20 per share as of 10:45 am ET.


More From The Market Herald

" Basin Uranium (CSE:NCLR) completes 2022 drilling at Mann Lake

Basin Uranium (NCLR) has completed 2022 drilling at its Mann Lake project.
New Found Gold Corp. - COO, Greg Matheson.

" New Found (TSXV:NFG) intercepts bonanza gold

New Found Gold Corp. (NFG) has struck a bonanza-grade gold intercept on its Queensway Project in Newfoundland and Labrador.

" Andean Precious Metals (TSXV:APM) appoints new independent director

Andean Precious Metals (APM) announced the appointment of Yohann Bouchard to its board of directors, effective December 1, 2022.

" Skyharbour Resources (TSXV:SYH) completes 2022 drilling at Mann Lake uranium project

Skyharbour Resources (SYH) partner company Basin Uranium has completed the 2022 drilling program at the Mann Lake uranium project.