Galleon Gold Intersects 6.8 g/t Au over 19.45 m at West Cache, Confirming the High-Grade Core of Zone #9
Galleon infill drilling confirms 19.5m of 6.8 g/t Au in Zone #9, strengthening resource continuity ahead of a bulk sample.
Galleon Gold Corp. (GGO) has released assay results from three drill holes at the West Cache Zone #9. The company completed 11,500m of a planned 18,000m program, targeting the high-grade core of the zone, which remains open in all directions. The release emphasizes the confirmation of grade continuity and down-plunge extensions.
Key intercepts include: - WC-26-241: 6.8 g/t Au over 19.45m, including 16.84 g/t Au over 6.15m, within a broader 4.72 g/t Au over 29.05m. - WC-26-239: 6.25 g/t Au over 10.2m, including 10.17 g/t Au over 4.95m. - WC-26-242: 2.26 g/t Au over 10.45m, including 5.60 g/t Au over 2.75m.
Galleon Gold Corp. (GGO) is advancing its West Cache project, which holds a resource of 1.56 moz across all categories, toward a bulk sample. The current drill program targets the expansion and infill of Zone #9 to support feasibility studies.
Recent intercepts align with prior high-grade results, such as WC-26-237, which returned 12.69 g/t over 12.35m for 156.7 g-t/m. These findings do not materially alter the deposit’s scale or economics.
The stock has traded in a range between 0.92 and 1.09 for weeks, suggesting the market has already priced in ongoing drill success.
Galleon Gold Corp. (GGO) owns 100% of the West Cache Gold Project in Timmins, Ontario, covering approximately 11,600 hectares on the Destor-Porcupine Fault Zone. The company’s current resource estimate includes an Indicated category of 472,000 ounces at 3.63 grams per tonne and an Inferred category of 1,088,000 ounces at 2.87 grams per tonne, based on a 1.0 gram per tonne cut-off.
The company is fully funded through a recent C$46 million debt facility and a C$30 million equity placement, with Pan American Silver serving as both a strategic investor and toll-milling partner. A bulk sample program is currently underway, targeting 22,600 ounces from 86,500 tonnes estimated to grade 8.13 grams per tonne gold. Surface infrastructure and box cuts have been completed to support the operation.