Galleon Gold Hits 16.07 g/t Au over 9.25 m in Major Down-Dip Extension of Zone #9 at West Cache

The most recent release (May 27, 2026) reports a standout drill intercept from hole WC-26-237 at the West Cache Gold Project. The hole returned 12.69 g/t Au over 12.35 m, including a high‑grade core of 16.07 g/t Au over 9.25 m (and a bonanza 19.49 g/t Au over 5.00 m). The mineralization sits within a much broader envelope of 4.07 g/t Au over 40.9 m (true thickness ~40.28 m). The intercept lies 275 meters down‑dip from the known Zone #9 high‑grade shoots and the planned bulk‑sample area, suggesting the mineralized shoot may be continuous from surface to the historic West Deep. The fully financed 86,500‑tonne bulk sample program is on schedule; surface construction (access roads, hydro, box cut) is progressing.

This intercept is genuinely new and exceeds expectations set by earlier 2026 drilling. The May 21 results confirmed grade continuity and modest extensions, but nothing of this scale. Hole WC-26-237 delivers more than 9 meters at +16 g/t gold – a grade‑thickness product rarely seen at West Cache – and shows the system remains robust at depth. By linking the near‑surface Zone #9 to the historic West Deep mineralization, it materially increases confidence in resource expansion and ultimately improves the project’s economics. Given the company is already fully financed for the bulk sample and has de‑risked permitting and infrastructure, this discovery strengthens the asset’s valuation and could accelerate plans for a larger resource update. In the context of a ~C$135M market cap, a potential new high‑grade shoot adds significant upside, making the news material and positive.

Galleon Gold is a gold explorer/developer focused on its 100%-owned West Cache Gold Project in the Timmins Gold Camp, Ontario. The property covers ~11,600 ha along the Destor‑Porcupine Fault Zone, near Pan American Silver’s Timmins West Mine. The project hosts a current Mineral Resource Estimate, with Zone #9 as the high‑grade core area. Galleon is advancing a permitted 86,500‑tonne bulk sample from Zone #9, targeting test mining and underground data for future feasibility studies. After repurchasing the 3% NSR royalty from Newmont, the project is unencumbered.