Galleon Gold completes first 2 holes of 2022 program at West Cache Gold Project

The initial two holes of the drill program were collared to intersect the South Area zones along strike to the west within 90 meters of untested ground from intersections encountered in the 2020/21 drill program. The objective of the first two holes was to intersect mineralized horizons at approximately the same elevation as in discovery holes WC-20-077 and WC-20-078 to identify a plunge or potential shoot within the South Area. Core logging and sampling has been completed and assays are pending.

• Hole WC-22-131EX, an extension of hole WC-21-131, was drilled to a total depth of 633 meters, which extended the 2021 hole by 492 meters.
• Multiple mineralized horizons were intersected across the two dominant lithologies, which may correlate to zones seen in holes WC-20-077 and WC-20-078 approximately 85 meters to the east, including the deepest sulphide zone seen to-date in the South Area at a down-hole depth of 563.5 m (Figure 3). 
• Hole WC-22-214, totaling 552 meters, was planned to intersect the South Zone(s) between hole WC-22-131EX and hole WC-20-78. Zone #9 was intersected at a depth of 110 meters along with mineralized zones down-hole into the South Area (Figure 4).
• Visible gold has been found in both drill holes.

Figure 1 shows the target area of the first two holes in relation to high-grade Zone #9 which is hosted in the metasediment-dominant stratigraphy. The cross section in Figure 2 identifies the relative locations of the holes, while Figures 3 and 4 provide photographs of the core that has been logged and sampled. 

R. David Russell, President and CEO of Galleon Gold commented, "As we continue to expand our knowledge of the South Area at West Cache, we are pleased to be able to keep shareholders up to date on our progress, while awaiting assays. The South Area was a new discovery identified at the end of our 2021 program. There is no historic drilling in this area, and we are pleased that our interpretations of the geology are being confirmed. I suspect that the South Area will provide Galleon Gold with additional resources as we continue to explore the ground between our 2022 mineral resource area and the Destor - Porcupine Fault."

The fourth hole of the program is currently underway and core logging and sampling remains ongoing. An advantage of a summer drill program, located just 13 km west of Timmins, is that a "10 days on 4 days off" drill schedule can be utilized. This schedule should allow for assays from the initial holes to be returned in a timelier manner to assist with drill planning.

Figure 1 - 3D View (east) of mineralized zones at West Cache and area of first two drill holes in the South Area.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1014/129205_48e0d48694a218c4_001full.jpg

 

Figure 2 - Cross sectional view (east) of first two drill holes in the South Area

 

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