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Galleon Gold hits near surface 9.37 g/t au over 6m at West Cache

Apr 27, 2021

“It is great to see that our targeted drilling of the Upper Zone #9 shoot has resulted in us getting a clear understanding of the mineralized structure at surface," said R. David Russell CEO and President of Galleon Gold.  "The shoot starts immediately at the interface between the bedrock and the glacial till and we have been able to follow it down dip. The PEA, which is underway, will guide us on how to develop the test stopes for this section of the structure, and it will also recommend the mining methods that should be applied.”

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

Zone #9 – Near surface expression of mineralized structure
Hole 173 and 149 were designed to define the continuity and strike of the near surface expression of the Zone #9 mineralized shoot.

  • WC-21-173 intersected 9.37 g/t Au over 6.0 m (63.6 to 69.6 m) including 13.19 g/t Au over 4.0 m (63.6 to 67.6 m); true thickness of these intervals is estimated at 94% of the reported intercept length 
  • WC-21-149 intersected 3.17 g/t Au over 2.1 m (71.9 to 74 m) including 4.31 g/t Au over 1.1 m (71.9 to 73 m); true thickness of these intervals is estimated at 94% of the reported intercept length

Hole WC-21-173 is located mid-way between previously announced holes WC-21-115 (11.25 g/t Au over 4.0 m) and WC-20-75 (6.6 g/t Au over 4.0 m) - see press releases dated December 3, 2020 and February 16, 2021.  This intercept at 50 m below surface provides further confirmation that Zone #9 contains high grade mineralization just below the bedrock interface. 

Hole WC-21-149 tested the eastern edge of the shoot and intersected mineralization at a depth of 55 m below surface. These results, as shown in Figure 1, extend the near-surface strike of Zone #9 to 150 meters.  Figure 1 also highlights how the mineralized intercepts of the zone move in a northwesterly direction as the shoot plunges and deepens to the 100-200 meter level. While additional drilling along the dip and strike of the shoot will further define the mineralized structure, this type of definition drilling will most likely happen once the ramp for the bulk sample is completed and the zone can be drilled from underground.

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