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Galleon Gold - 38,000 Meters completed and drills keep turning

Mar 3, 2021


Galleon Gold Corp. has provided an update on the ongoing drill program at its 100% owned West Cache Gold Project, Timmins. The company has completed 38,000 meters of drilling in 177 core holes and continues to return excellent drill results from across the project area.

Highlights from Central East Pit and the newly expanding area southward:

  • WC-20-65 intersected
    • 7.33 g/t Au over 1.5 m (103.5 to 105 m)
    • 5.22 g/t Au over 1.5 m (244.5 to 246 m)
    • 5.94 g/t Au over 1.0 m (270 to 271 m)
  • WC-20-66 intersected 6.68 g/t Au over 1.5 m (409.5 to 411 m)
  • WC-20-67 intersected 7.9 g/t Au over 1.0 m (130 to 131 m)
  • WC-20-68 intersected
    • 7.4 g/t Au over 1.0 m (175 to 176 m) 
    • 7.2 g/t Au over 1.0 m (315 to 316 m)
    • 9.2 g/t Au over 1.0 m (322 to 323 m)
  • WC-20-69 intersected 9.82 g/t Au over 1.5 m (252 to 253.5 m)
  • WC-20-70 intersected 13.6 g/t Au over 1.0 m (216 to 217 m)
  • WC-20-71 intersected 12.6 g/t Au over 1.5 m (174 to 175.5 m)
  • WC-20-73 intersected 27.0 g/t Au over 1.0 m (235.5 to 236.5 m)
  • WC-20-91 intersected 14.0 g/t Au over 1.5 m (119 to 120.5 m)

*Holes 65, 67, 68 and 69, (Figure 1) provide support for the East Pit area definition drilling.  Holes and intercepts to the south; including 66, 70, 71, 73 and 91, are part of a previously untested mineralized area located south of the East Pit. Additional drilling is planned in this newly emerging southern area.

Highlights from New Zone #9:

  • WC-21-116 intersected 3.52 g/t Au over 7.0 m (69 to 76 m), including 6.26 g/t Au over 2.0 m. 
  • WC-21-117 intersected 1.37 g/t Au over 17.5 m (67.5 to 85 m), including 2.49 g/t Au over 5.0 m.
  • WC-21-099 intersected 1.63 g/t Au over 7.0 m (94.5 to 101.5 m), including 4.09 g/t Au over 2.0 m.

*Holes 116, 117 and 99, (Figures 1 and 2) help define the near surface eastern edge of Zone #9 at potential open pit depths.

Highlights from the Gap Area:

  • WC-20-58 intersected 9.82 g/t Au over 1.5 m (244.5 to 246 m)
  • WC-20-61 intersected 5.05 g/t Au over 0.65 m (174 to 174.65 m); and 9.98 g/t Au over 1.5 m(209.5 to 211 m)

*Although holes 58 and 61, (Figure 1) are located in and around what is referred to as the “Gap Area”, positive results in these holes and others in this area support a possible eastward continuation and expansion of the East Pit mineralized gold zones.  Complicated by post-mineral diabase dikes, the Gap Area mineral potential was largely unexplored prior to the 2020-2021 WC drilling programs.

Note from the CEO: 

R. David Russell CEO and President of Galleon Gold comments, “The Galleon Gold team is pleased to see that the goals set for the drill program continue to be met. The initial program was designed to infill projected near surface and deeper mineralization in the previously modeled East and West Pit areas (2013 technical report). In recent months, drilling has been directed at expanding those areas. Assays provided here support expansion of the East Pit area on three sides and additional definition on the near-surface portion of Zone #9.  Over the past month, the Company has been adding definition drillholes in our new Zone #9 area and has initiated drilling on a new target to the south.”

Comments on all drillhole intercepts noted above:

All WC drillholes are south directed angle holes with initial inclinations of -45 to -60 degrees from horizontal.  Most intercepts are near perpendicular to the mineralized zone such that the drilled intercepts average approximately 97% of the true thickness of the interval. A full copy of the assays and drill hole statistics from the current drill program is available and updated regularly on the Company’s website.



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