Northwire Canada EditionTuesday, July 14, 2026
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WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8% WDO 26.04 −0.9% FVI 11.84 −1.6% OM 1.75 −1.7% ETG 2.99 +0.0% ARTG 31.47 −4.6% LUC 0.163 +1.6% AFM 1.38 +0.0% IMG 20.95 −3.5% CPAU 0.150 +3.5% MMX 0.075 +7.1% IE 12.47 −2.4% SASK 1.09 −1.8% MOG 0.390 +2.6% XIM 0.070 −6.7% S 0.110 −29.0% OMI 0.300 −4.8%
Drill Results Routine +

Galactic Gold Completes Airborne VTEM Geophysical Survey over the Hardrock West Property

Galactic advances Hardrock West survey and targets summer drilling following a $2 million capital raise.

By The Northwire Desk — AI Analysis Jun 03, 2026 · 08:31 GGAU · 0.26 Galactic Gold Corp.
Executive Summary
  • Galactic Gold Corp. completed a 2,400 km airborne VTEM geophysical survey over its 100% owned Hardrock West Property in northwestern Ontario.
  • The high-resolution magnetic and electromagnetic data will be integrated with a Phase I district-scale targeting study and over 600 historical drill holes to prioritize targets for the 2026 diamond drill program.
  • The company is preparing drill permit applications for four priority areas (Sturgeon Bridge, Kowalski Lake, Salomon's Pillars, and Angle & Watson Lake) and has applied for the Ontario Junior Exploration Program 2026-2027 to fund upcoming expenditures.
  • CEO Ken Berry stated the survey validated the preliminary exploration model and highlighted the exceptional scale and continuity of the land package adjacent to Equinox Gold's Greenstone Mine.
Material Impact
  • The completion of the VTEM survey is an expected, incremental step in the company's 2026 exploration plan, following the Phase I targeting study in March and the C$2.0575M private placement in May.
  • It does not constitute a material positive or negative event as it provides no new drill results or resource definitions.
  • The news confirms the company is on track to move into the drilling phase later in 2026, which is the next major value catalyst. The application for government funding and preparation of drill permits are routine administrative steps that de-risk the near-term exploration timeline.
GGAU · Price
Company Overview
  • Galactic Gold Corp. is a junior exploration company focused on the Hardrock West Property in the Beardmore-Geraldton Greenstone Belt of northwestern Ontario.
  • The property spans approximately 26,245 hectares and is located ~10 km west of Equinox Gold's 10.7 Moz Greenstone Mine.
  • The project is significantly underexplored, with less than 1,500 meters of historical drilling compared to over 500,000 meters drilled by neighboring operators.
  • Geological targets include orogenic gold systems associated with the Paint Lake Fault and Bankfield-Tombill Deformation Zone.
Read the original news release →

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