- 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.
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.”
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.
