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Galleon Gold Announces Filing of NI 43-101 Technical Report for the West Cache Gold Project, Timmins, Ontario
Toronto, Ontario--(Newsfile Corp. - October 22, 2021) - Galleon Gold Corp. (TSXV: GGO) (the "C...
About this update from Galleon Gold Corp
[{"type":"text","content":"Galleon Gold Announces Filing of NI 43-101 Technical Report for the West Cache Gold Project, Timmins, OntarioToronto, Ontario--(Newsfile Corp. - October 22, 2021) - Galleon Gold Corp. (TSXV: GGO) (the \"Company\" or \"Galleon Gold\") wishes to advise that the NI 43-101 Technical Report for the West Cache Gold Project Mineral Resource Estimate announced on September 8, 2021 has been filed under the Company's profile on SEDAR.Filing of NI 43-101 Technical ReportThe Technical Report (the \"Report\") titled \"Technical Report and Updated Mineral Resource Estimate of the West Cache Gold Property, Bristol and Ogden Townships, Porcupine Mining Division, Timmins, Ontario\" with an effective date of September 3, 2021 was prepared in accordance with National Instrument 43-101 \"Standards of Disclosure for Mineral Projects\" (\"NI 43-101\"). The Report was prepared by P&E Mining Consultants Inc.Highlights include:The Mineral Resource was modelled as amenable to open pit and underground mining methods; and100% of the Mineral Resource is within Galleon Gold's West Cache Gold Property, where the Mineral Resource remains open along strike and at depth.Preliminary Economic Assessment (\"PEA\")An Updated Mineral Resource Estimate update is expected to be completed in conjunction with the Company's upcoming PEA. Continuing work on the Mineral Resource, including follow- up and infill sampling, geological interpretation and modelling the Project as an underground-only mine, is currently underway. An all-underground mining operation would reduce the mining footprint on surface.Note from the CEOR. David Russell CEO and President of Galleon Gold stated: \"We are pleased to have increased the Mineral Resource by 20% over the past year and look forward to delivering results from the first PEA for the West Cache Project. While we are eager for the completion of the economic analysis, and quantifying the potential of this Mineral Resource, we are equally excited to see how the mine plan for an all-underground scenario develops.\"Qualified PersonsThe Mineral Resource Estimate for West Cache Gold Project was prepared under the supervision of Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants Inc., an Independent Qualified Person as defined by NI 43-101. The scientific and technical content of this release has also been reviewed a...