Galleon Gold Corp. is pleased to announce that the non-brokered private placement of convertible debentures disclosed on April 12, 2024 is fully subscribed. The Company expects to close the second and final tranche of the Financing on or around April 19, 2024. Due to additional interest in the Financing, the Company announces that it has initiated a new financing for gross proceeds of up to C$1,500,000 . The Offering Each [...]
Galleon Gold Corp. is pleased to announce that it has closed a first tranche of a non-brokered private placement offering of convertible debenture units at a price of $1,000 per Debenture Unit for gross proceeds of C$1,032,000 . The first tranche consists of the sale of 1,032 Debenture Units. The Offering Each Debenture Unit consists of $1,000 in principal of convertible debentures and 3,030 common share purchase warrants [...]
Galleon Gold Corp. is pleased to announce excellent results from recent metallurgical test work performed on a composite sample representative of the material to be mined from the Company's planned 86,500 tonne exploration bulk sample. The Study was undertaken to evaluate gold recoveries from flotation and gravity-flotation methods. In contrast, the Company's 2021 metallurgical work investigated cyanidation [...]
Galleon Gold Corp. is pleased to announce it has received a new Exploration Drilling Permit from the Ontario Ministry of Mines, Mineral Development Branch for its 100% owned West Cache Gold Project in Timmins, Ontario. From 2020 to 2023, under the old permit, the Company completed 227 drill holes for a total of 50,885 meters. This new permit increases the exploration area to approximately 3,200 hectares and covers the [...]
Galleon Gold Corp. is pleased to announce that, subject to regulatory approval, it has engaged the services of ICP Securities Inc. to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will receive a fee of C$7,500 plus applicable taxes per month, payable [...]
West Cache Gold Project Moves Towards Bulk Sample Program Galleon Gold Corp. is pleased to outline its plans for 2024 as the Company embarks upon its advanced exploration activities at its flagship West Cache Gold Project in Timmins, Ontario . Comment from CEO David Russell, President and CEO of Galleon Gold commented, "From a capital markets perspective 2023 was a challenging year for the junior mining sector, and while [...]
Galleon Gold Corp. is pleased to announce that it has closed a non-brokered private placement for aggregate gross proceeds of C$275,000 through the issuance of 1,833,333 flow-through units at a price of C$0.15 per FT Unit . Each FT Unit consists of one common share of the Company and one-half of one common share purchase warrant , each issued as a "flow-through share" within the meaning of the Income Tax Act . Each [...]
Galleon Gold Corp. is pleased to announce it has commenced the formal process of permitting with the Ontario Ministry of Mines for the 100% owned West Cache Gold Project, Timmins, Ontario . Today, the Company submitted the Notice of Project Status - Form 1 - Mining Act providing notice that the Project is moving from exploration to advanced exploration status. Comment from CEO David Russell, President and CEO of Galleon [...]
Eric Sprott announces that, on October 14, 2023, 1,500,000 common share purchase warrants of Galleon Gold Corp., expired unexercised representing a decrease in holdings of approximately 2.1% of the outstanding common shares on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these Warrants, Mr. Sprott beneficially owned 13,624,895 Shares and 2,000,000 Warrants representing [...]
Galleon Gold Corp. is pleased to provide an update on its development plans for its 100% owned West Cache Gold Project, Timmins, Ontario . Comment from CEO David Russell, President and CEO of Galleon Gold, commented, "We are entering the final stretch for completion of the detailed engineering design and documentation required for submission of our bulk sample permit application. The underground sample is designed to [...]
Galleon Gold Corp. is pleased to announce that it has entered into a purchase agreement with Daisy Mining & Land LLP to acquire seven patented lode claims in Idaho, with five of those claims forming the nucleus of the Neal Gold Project. To facilitate the transaction, the Company has formed a new Idaho company, Golden Trove, LLC which will make 5 yearly payments of US $250,000 to Daisy starting May 1, 2024 and ending May [...]
Eric Sprott's Ownership of Galleon Gold Increases to 21.45% Galleon Gold Corp. is pleased to announce that it has closed the previously announced transaction with 2176423 Ontario Ltd., , a corporation that is beneficially owned and controlled by Eric Sprott to acquire the Vendor's 100% interest in a stockpile of mineralized material located on the Neal Idaho Project, 27 km southeast of Boise, Idaho together with its 20 [...]
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