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West Cache Timmins project delivers again for Galleon Gold

May 26, 2021

“These latest results from Zone #9 continue to provide important information on the shape, dip and rake of the shoot," said R. David Russell CEO and President. 

"The modelling of Zone #9 and the East and West pits is well underway and we look forward to quantifying the drill results in our upcoming resource estimate and the follow-up economics that will be applied in the PEA.” 

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

Zone #9 – Near surface extension of mineralized zone

  • WC-21-148 intersected 2.78 g/t Au over 5.0 m (76 to 81 m), including 9.29 g/t Au over 1.0 m(80 to 81 m); true thickness of these intervals is estimated at 91% of the reported intercept length 
  • WC-21-184 intersected 3.70 g/t Au over 5.0 m (100 to 105 m), including 5.85 g/t Au over 3.0 m (102 to 105 m); true thickness of these intervals is estimated at 99% of the reported intercept length 

Hole WC-21-148 tested the western edge of the Zone #9 shoot at a depth of 60 m below surface. These results extend the near surface expression of Zone #9 to a total of over 235 meters.

Hole WC-21-184 provides further confirmation and continuity of the near surface mineralization in Zone #9. The intercept is located 17 meters down dip from hole WC-21-115 which returned 11.25 g/t Au over 6.0 m, including 15.84 g/t Au over 4.0 m. (see press release dated February 16, 2021)

Zone #9 – At depth confirmation of mineralized zone

  • WC-21-190 intersected 3.74 g/t Au over 7.88 m (326.62 to 334.5 m), including 4.96 g/t Au over 5.7 m (327.3 to 333 m); true thickness of these intervals is estimated at 99% of the reported intercept length

Hole WC-21-190 was designed to test the grade and continuity of Zone #9 between holes WC-20-082 (9.4 g/t Au over 10 m, including 16.4 g/t Au over 4.0 m – press release February 2, 2021) and hole WC-20-101 (1.45 g/t Au over 2.0 m). Hole WC-21-190, one of the deeper holes through Zone #9, deviated east and shallowed more than anticipated during drilling.  As a result, the hole intersected the zone 13 m downdip of hole 82. Interestingly, a lower grade footwall zone of 1.59 g/t Au over 4.5 m was encountered in the hole 10 meters below the primary Zone #9 intercept. This same lower grade footwall zone was also present in hole 82 and can also be seen in some of the older core holes.

Results from Hole WC-20-101 suggests some tapering of mineralization on section as the shoot plunges in a northwesterly direction. Underground drilling on close spaced centers at these depths will be the most accurate and efficient means of tracing the shoot as it continues downdip.



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