Galleon Gold continues to intersect High Grade at West Cache in Timmins

“Today’s results provide additional support for our plan to test mine this portion of Zone #9," R. David Russell, President and CEO of Galleon Gold said.  

"We believe that the bulk sample will provide important work for prefeasibility studies and potentially be a profitable endeavor at the same time. From an advanced exploration perspective, once we bring the ramp alongside the ore body, we will drill the zone on close spaced centers, providing a full picture of the potential of Zone #9.”

Galleon Gold Corp.is pleased to report additional drill results from its 2022 drill program at its 100% owned West Cache Gold Project (“West Cache” or the “Project”) in Timmins, Ontario.

Highlights

• Best Zone #9 intercept to date (as determined by grade x thickness) in core hole WC-22-218
  • 15.6 g/t Au over 7.6 m within broader zone of 7.41 g/t Au over 18.1 m
  • This intercept to be included in block model update for detailed design of underground bulk sample program
  • Interval intersected at near perpendicular angle representing about 98.5% true thickness

Discussion and Results

Hole WC-22-218 was primarily designed as a deeper test of several mineralized zones further downhole and to the south in what the Company refers to as its South Area.  The Zone #9 intercept, intersected as the hole progressed towards target, has produced a gold grade that’s significantly higher than expected. This interval is the best combination of grade and thickness seen to date in Zone #9 and is being incorporated into the block model for the underground bulk sample program.

Hole 218 was collared to intersect the South Area zones and provide deeper geologic definition of the mineralization encountered in WC-22-215 (13.29 g/t Au | 4.5 m, and 5.23 g/t Au | 5.7 m; press release dated September 7, 2022). The deeper portion of hole 218 was recently logged and cut, and submitted for assay. Deeper mineralization identified in the South Area intercepts of this hole may have the potential to extend known gold zones by approximately 90 to 120 meters; thereby doubling their known dip extent.

Figure 1 provides 3D view of Zone #9 and the South Area intercepts (located 300 meters south). Figure 2 provides a look at selective portions of the Zone #9 mineralized drill core in WC-22-218, while Table 1 contains drillhole data.  

Figure 1 – 3D View of Zone #9 Bulk Sample Area and 2022 Drill Holes

Figure 2  –  Core Photos WC-22-218

Tags: Northern Ontario / Exploration / Gold / All Articles