Galleon Gold files Closure Plan with province
Galleon Gold Corp. has announced the completion of its submission for the West Cache Project Closure Plan, including supporting documentation and a financial assurance of $1,390,978 to the Ontario Ministry of Mines. The Ministry has up to 45 days from receipt to accept the Closure Plan for filing.
"The submission of the Closure Plan represents another significant milestone as we advance the West Cache Gold Project toward development," said R. David Russell, President and CEO of Galleon Gold.
Option Grant
Galleon Gold has granted 1,260,000 stock options to directors, officers, employees, and consultants under the company’s stock option plan. The options are exercisable at $0.28 per common share, vest immediately, and will expire on February 21, 2030.
Galleon Gold at PDAC 2025
Galleon Gold invites investors and shareholders to visit booth #2911 at the Investor Exchange in the South Building of the Metro Toronto Convention Centre during the Prospectors and Developers Association of Canada (PDAC) convention, scheduled from March 2 to 5, 2025.
About Galleon Gold
Galleon Gold is an advanced exploration and development company focused on the West Cache Gold Project, located 7 km northeast of Pan American Silver's Timmins West Mine and 14 km southwest of Newmont's Hollinger Mine. A 2022 Preliminary Economic Assessment (PEA) for the project demonstrated strong economics. Planning for an 86,500-tonne underground bulk sample is well underway, with the recent submission of the Closure Plan and Financial Assurance marking a significant step toward project development.
By Kevin Vincent, Senior Contributing Editor to Mining Life Online and Mining Life & Exploration News.
Tags: Northern Ontario / Government / Gold / All Articles