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Galleon Gold confirms High Grade Discovery Zone at Timmins West

Sep 30, 2020

Another discovery in west Timmins, this time for Galleon Gold. Galleon President and CEO, R. David Russell is tremendously encouraged by their latest drill program. "These latest results are a major confirmation that larger and higher grade gold zones can occur within 300 meters of the surface. The robust grades and widths to the mineralization in these areas will be key contributors in driving project economics at West Cache. We are well located on a major gold belt and have top notch geologists who have a very good understanding of the dominant geological factors, which has allowed us to get off to a great start with our Zone #9 high grade intercepts." 

Galleon Gold Corp. has announced results that confirm the discovery of a new high-grade gold zone, adding an exciting new dimension to its 100% owned West Cache Gold Project in Timmins.

  • WC-20-42 has intersected 7.44 g/t Au over 10.7 meters, including separate sub-intervals of 3.3 m at 8.88 g/t Au and 2.9 m of 10.19 g/t Au. More detailed assay, drillhole and geologic data is provided in Table 1 below. 

WC-20-042 (Hole 42) was drilled to offset WC-20-030 (Hole 30) which returned results of 7.16 g/t Au over 9.7 m with a sub-interval of 3.0 m of 14.75 g/t Au (see press release dated September 9, 2020). Hole 42 is located approximately 50 meters along strike to the west of the Hole 30, the "discovery hole" for Zone #9. 

The location and orientation of Shear Zone #9 up-dip from the West Deep area discovered in 2010, suggests that the recently discovered Hole 30 and 42 mineralization may be linked to the West Deep. Geologic similarities linking the new discovery to the much deeper West Deep zone, include: 1) host rock lithology, 2) a strong sulfide association, and 3) similar gold grades and widths. Interestingly, West Deep "discovery hole" TPW-10-30 intercepted 9.21 g/t Au over 11.0 meters (0.268 opt Au over 36 feet). A cross sectional view of WC-20-042 and how it relates to WC-20-030 and the West Deep area is shown in Figure 1 below. An updated drillhole plan map is provided on the Company website at:  www.galleongold.com.

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Figure 1

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Newly Expanded Program

The Company now views exploration on the project as two separate programs: 1) infill drilling of known areas to support the resource update and PEA, and 2) exploration drilling focused on the newly recognized Zone #9 discovery and identifying other areas with similar potential.

The high-grade and thick nature of the recent discovery intercepts this close to the surface are not typical of the better known "infill areas" and are considered too important to ignore. Upon completion of the recently announced GGO financing, the Company plans to immediately increase its core logging and sampling capacity in Timmins to handle increased core flow from an expanded exploration program. The Zone #9 drilling will be directed at answering the following questions: 1) what is the near surface geometry of the thicker, higher-grade portions of Zone #9; 2) can this mineralization be linked with the West Deep high grade area; 3) are there additional higher grade shoots present along strike; 4) what role do host rocks play; 5) what is the relationship between gold, pyrite, and other sulfides; 6) are there secondary structural controls; 7) do higher grade portions of Zone #9 relate to better mineralization in adjacent shear zones; and 8) can Zone #9 provide a higher priority underground target for mining.

Tags: Northern Ontario / Exploration / Gold / All Articles