Commodities
Galleon Gold Awards Underground Development to Aki-Dumas, Advancing West Cache Bulk Sample Program
Toronto, Ontario--(Newsfile Corp. - July 7, 2026) - Galleon Gold Corp. (TSXV: GGO) (OTXQX: GGOXF) (FSE: 3H90) ("Galleon Gold" or the "Company") is pleased to announce that it has issued a Limited Notice to Proceed ("LNTP") and Letter of Award ("LOA") to Aki-Dumas Limited Partnership ("Aki-Dumas"), a partnership between Mattagami First Nation and Dumas Contracting Ltd. ("Dumas"), a subsidiary of STRACON Group Holding Inc. ("STRACON"), for underground development activities at its West Cache Gold.
About this update from Galleon Gold Corp
Toronto, Ontario--(Newsfile Corp. - July 7, 2026) - Galleon Gold Corp. (TSXV: GGO) (OTXQX: GGOXF) (FSE: 3H90) ("Galleon Gold" or the "Company") is pleased to announce that it has issued a Limited Notice to Proceed ("LNTP") and Letter of Award ("LOA") to Aki-Dumas Limited Partnership ("Aki-Dumas"), a partnership between Mattagami First Nation and Dumas Contracting Ltd. ("Dumas"), a subsidiary of STRACON Group Holding Inc. ("STRACON"), for underground development activities at its West Cache Gold Project located in Timmins, Ontario. The award represents a significant milestone as the Company advances preparations for its planned bulk sample program. Under the terms of the LNTP, Aki-Dumas will commence early-stage planning, mobilization, procurement, and other preparatory activities required to support the underground development program and planned bulk sample. The parties are expected to finalize a definitive underground development agreement in due course. "Awarding the Limited Notice to Proceed to Aki-Dumas represents an important milestone as we move West Cache toward underground development and the planned bulk sample program," said David Russell, Chairman & CEO. "Aki-Dumas combines Dumas' extensive underground mining expertise and strong track record in the Timmins mining district with Mattagami First Nation's deep connection to the region. Their early involvement allows us to advance box cut preparation and project execution activities while the definitive agreement is finalized." Initial activities under the LNTP are expected to include detailed engineering, development planning, procurement of long-lead items, and mobilization activities required to support the commencement of underground development. The underground development will establish access to the planned bulk sample area and the infrastructure necessary to support mining activities. Technical Content and Qualified Person The technical content of this news release has been reviewed and approved by David Young, PE, an independent mining engineer and Qualified Person (QP) as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. About Dumas & STRACON Group Dumas, the underground mining business of STRACON Group Holding Inc., is a leading, full-service mining contractor specializing in underground mine construction, lateral and vertical mine development...