Galleon Gold Corp. is pleased to provide an update on its ongoing drill program at its 100% owned West Cache Gold Project, Timmins. Results from core hole 82 provides important additional information down-dip as drilling continues to confirm the projected northwesterly trend of the New Shoot in Zone #9. WC-20-082 intersected 9.4 g/t Au over 10.0 m, including 16.4 g/t over 4.0 m. The true thickness of these intervals is [...]
Galleon Gold Corp. is pleased to announce additional high-grade Zone #9 intercepts at its 100% owned West Cache Gold Project, Timmins, Ontario. Highlights WC-20-097 intersected 7.66 g/t Au over 10.0 m, from 224 to 234 m including a sub-interval of 21.89 g/t Au over 2.0 m WC-20-095 intersected 3.24 g/t Au over 9.0 m, from 290 to 299 m including a sub-interval of 9.47 g/t Au over 2.0 m "We are pleased to see that the widths [...]
Results Include 8.68 g/t Au over 10 meters Galleon Gold Corp. is pleased to announce additional gold intercepts in and around the recently discovered Zone #9 high grade shoot at its 100% owned West Cache Gold Project, Timmins, Ontario. Recent drilling confirms that Zone #9 continues to show favorable grade continuity and widths within the shoot at depth. Current drilling is expected to provide better near-surface [...]
Galleon Gold Corp. reports it has settled a claim filed against Explor Resources Inc. prior to its amalgamation with Galleon Gold. Under terms of the Settlement, the Company will issue 6,311,479 common shares and 908,853 warrants to settle outstanding debt of $694,262.64 and for a release of any other claims, demands and future actions. Each warrant shall entitle the holder to purchase one common share at a price of $0.18 [...]
Galleon Gold Corp. is pleased to report that it has received an expanded drilling permit from the Ministry of Energy, Northern Development, and Mines for its 100% owned West Cache Gold Project , Timmins, Ontario. The Company completed 100 core holes in 2020 under a previous exploration permit where drilling was limited to the known mineralized areas. The newly expanded permit increases the exploration area from 265 to [...]
Galleon Gold Corp. is pleased to report that it has drilled its 100th core drill hole, and has completed approximately 24,000 meters of drilling to date on its 100% owned West Cache Gold Project, Timmins, Ontario . As previously reported, excellent grades have been encountered in both the East and West Pit infill drill holes, and the new discovery high-grade gold Zone #9 is poised to continue returning exciting assay [...]
Galleon Gold Corp. is pleased to provide an overview of the baseline studies and permitting plans that have been initiated at its 100% owned West Cache Gold Project, Timmins, Ontario . Story Environmental Inc. in collaboration with Blue Heron Environmental have been engaged by the Company to conduct environmental baseline studies and assist with the permitting process. Commencing the process at this early stage will [...]
Galleon Gold Corp. is pleased to report it continues to intersect significant gold grades in all three target areas at its 100% - owned West Cache Gold Project, Timmins, Ontario. Select Highlights: WC-20-075 intersected 6.6 g/t Au over 4.0 m, from 54 to 58 m including sub-interval of 10.87 g/t Au over 2.0 m; near surface intercept of Zone-9. WC-20-072 intersected 3.27 g/t Au over 5.2 m, from 144 to 149.2 m including [...]
Galleon Gold Corp. is pleased to announce that all of the resolutions put forth at the Annual and Special Meeting of Shareholders held on November 24, 2020 were approved. At the Meeting, shareholders elected the following directors to hold office for the ensuing year: R. David Russell, Christian Dupont, Thomas Kofman, James T. O'Neil Jr., Mario Colantonio, Gerhard Merkel, Michael Hobart and Richard F. Nanna. Shareholders [...]
Galleon Gold Corp. is pleased to report it has added a second drill rig to its ongoing drill program at the Company's 100%-owned West Cache Gold Project, Timmins, Ontario. The Company has completed 15,000 meters of its initial infill core drilling program and has commenced a Phase Two drilling program for an additional 15,000 meters. The current two drill program is fully funded from the oversubscribed financing of $8.0 [...]
Results include 5.87 g/t gold over 8.5 meters Galleon Gold Corp. reports continued expansion of the recently discovered Zone #9 high-grade gold system on its 100% owned West Cache Gold Project, Timmins, Ontario. WC-20-31 intersected 5.87 g/t Au over 8.5 m, from 274.5 to 283 m including sub-interval of 2.0 m at 10.1g/t Au. WC-20-53 intersected 3.06 g/t Au over 8.0 m, from 148 to 156 m including a sub-interval of 1.0 m at [...]
Galleon Gold Corp. is pleased to announce that it has closed its previously announced brokered private placement . The Offering was oversubscribed for gross proceeds of C$8.0 million and consisted of the sale of the following: ● 28,870,667 units of the Company at a price of C$0.12 per Unit; ● 10,402,987 flow-through units of the Company at a price of C$0.135 per FT Unit; and ● 18,418,333 FT Units sold to charitable flow-through purchasers at a price of C$0.17 per FT Unit. The Offering was completed by a syndicate of agents led by Red Cloud Securities Inc. and included Cormark Securities Inc. . Each Unit issued pursuant to the Offering consists of one common share in the capital of the Company and one common share purchase warrant . Each FT Unit consists of o... [...]
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