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Galleon Gold hits 6.1 g/t over 15m at West Cache Project in Timmins

Apr 21, 2021

"We are getting a very good picture of the Upper Zone #9 mineralized shoot," R. David Russell CEO and President of Galleon Gold said. "Given the spacing of drilling and how recent holes continue to support grade continuity and widths, I am looking forward to seeing the development of the geological model and subsequent resource characterization of this shoot."

Galleon Gold Corp. has announced additional Zone #9 intercepts from its 100% owned West Cache Gold Project, Timmins. 

Zone #9 - continued definition of grade and mineralization

  • WC-21-172 intersected 6.1 g/t Au over 15.0 m (230 to 245 m) including 9.89 g/t Au over 7.0 m (231 to 238 m); true thickness of these intervals is estimated at 98% of the reported intercept length
  • WC-21-191 intersected 6.88 g/t Au over 7.0 m (188 to 195 m) including 13.83 g/t Auover 2.0 m (192 to 194 m); true thickness of these intervals is estimated at 94% of the reported intercept length

Hole WC-21-172, located mid-way between previously announced holes WC-20-30 (7.16 g/t Au over 9.7 m) and WC-20-42 (7.44 g/t Au over 10.7 m), provides additional confirmation of grade/thickness in a key portion of the Zone #9 mineralized shoot located 150 to 200 m below surface (see press releases dated September 9 and 29, 2020). Assays and geologic data from Hole 172 will be important for the modeling and resource work now underway as part of the Company's upcoming Preliminary Economic Assessment ("PEA").

Hole WC-21-191 was designed to test the mineralized grade and geometric projection up-dip from Hole WC-172. Results confirm the continuity of grade and thickness of the Upper Zone #9 Shoot.


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 typically average approximately 94-98% of the true thickness of the interval. Hole WC-21-172 and 191 were drilled using the larger HQ core size. 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.

Figure 1 shows a plan view of the 2020-21 drill hole collars with previously released Zone #9 intercepts, while Figure 2 provides a cross sectional view of the newly reported holes. A photo of the core from WC-21-172 can be seen in Figure 3.

For a comprehensive overview of David Russell's vision for the West Cache Project, please read his recent interview in Mining Life Magazine Spring Edition, titled "West Cache Gold Project with a huge Blue Sky" Galleon_Gold_Interview.pdf


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