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  • Galleon Gold’s (GGO) announced positive results from metallurgical studies performed on samples from its West Cache Gold Project
  • The 100-per-cent owned West Cache Project is located near Timmins, Ontario
  • Initial metallurgical test work was performed on samples from Zone #9 and show high gold recovery rates
  • A Preliminary Economic Assessment is currently underway on the project
  • Galleon Gold is unchanged, trading at C$0.12 at 1:06 pm ET

Galleon Gold’s (GGO) announced positive results from metallurgical studies performed on samples from its West Cache Gold Project.

The company’s 100-per-cent owned West Cache Project is located near Timmins, Ontario.
Initial metallurgical test work was performed on samples from Zone #9 and show high gold recovery.
“These initial test results are outstanding. We are very pleased with the recovery rates which indicate Zone #9 mineralized material will be easily recoverable using a standard processing route. The results are now in the hands of P&E Consultants who will be utilizing the data in the upcoming PEA. We look forward to receiving the remaining results from the Met Study and will start to plan optimization studies that can be implemented during the bulk sample phase,” said Galleon Gold President and CEO R. David Russell.
Multi-element analysis based on XRF analysis indicates minimal arsenic (As) levels with As per cent measured at 0.002, 0.005 and 0.007 on the low, mid and high-grade composites respectively.
The study was conducted on three nominal 50-kilogram composites that were selected from 1-metre sample intervals from four HQ-sized drill holes. Each of the composites was designed to test gold recoveries over a representative range of grades, mineralogic variation and sample location. All results used a standard cyanide bottle roll technique with carefully maintained concentrations and pH.

The West Cache Gold Project is located 13 kilometres west of Timmins Ontario and is serviced by a provincial highway and secondary access roads. It is situated along the Porcupine – Destor gold belt, approximately 7 kilometres northeast of Pan American Silver’s Timmins West Mine and 14 kilometres southwest of Newmont’s Hollinger Mine.

Galleon Gold is a North American exploration and development company. Eric Sprott holds approximately 23 per cent of the company’s outstanding common shares and is also the company’s partner on the Neal Gold Project in Idaho. A Preliminary Economic Assessment is currently underway for the company’s flagship project, the West Cache Gold Project.

Galleon Gold is unchanged, trading at C$0.12 at 1:06 pm ET.
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