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Home > News > Galleon Gold releases new...

Galleon Gold releases new assay results from West Cache Project, Timmins

Nov 10, 2021


Galleon Gold Corp. has announced assay results from the company's ongoing re-evaluation of historic core at its 100% owned West Cache Gold Project, Timmins. This re-evaluation includes selective re-logging and assaying of previously un-sampled core from the 2009-2017 drill programs. Results from this work will provide additional data and support for the gold system currently being evaluated in support of the PEA.

Highlights:

  • Hole TPW-10-15 containing 3.33 g/t over 3.7m, including 7.49 g/t over 1.5m
  • Hole TPW-10-22 containing 4.87 g/t over 4.0m, including 18.60 g/t over 1.0m
  • Hole TPW-12-86 containing 9.14 g/t over 1.5m

Purpose of Historic Core Re-log and New Sampling Program

Historically, core at the Project was selectively sampled and assayed where intervals exhibited obvious quartz veining, strong sulphide mineralization and alteration. During the recent 2020-2021 drill program, the Company analyzed the entire length of the hole to evaluate gold potential and geological continuity in less "visually" altered intervals. Assay results from the 46,384 meters drilled during the 2020-2021 program demonstrated that gold zones at West Cache can be visually subtle and potentially overlooked with an intermittent sampling methodology. Geological modeling undertaken as part of the updated Mineral Resource Estimate (see September 8, 2021 news release) identified un-assayed areas from historic drilling with significant gold potential by projecting known gold zones intersected in recent drilling. The ongoing re-log and sampling program evaluates these areas for better geological continuity, resulting in a more reliable resource model. 

Results from ongoing Re-evaluation of Historic Drilling

Results from the ongoing re-evaluation of the historic drill core have: 1) identified new mineralized intervals, 2) extended known intervals, 3) contributed to a better understanding of the relationship between gold grades and geology, and 4) provided greater confidence in geological wireframing and resource modeling. Over 1,300 new validated assay results will be incorporated into the new modeling for the updated Mineral Resource Estimate and PEA currently underway.

Figure 1 shows a plan map indicating the location of the recently sampled holes, while Figure 2 provides a cross section with select new assay results in the East Pit area. 

Image removed.
 

Figure 1 - Drill hole plan map with infill sampling results

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1014/102729_b9151663146c68c9_001full.jpg

Image removed.
 

Figure 2 - Cross section 464,825E (East Pit area)



Tags: Northern Ontario / Exploration / Gold / All Articles