Business
Galleon Gold Expands High Grade Discovery Zone
Results include 5.87 g/t gold over 8.5 meters Toronto, Ontario--(Newsfile Corp. - November 10...
About this update from Galleon Gold Corp
[{"type":"text","content":"Galleon Gold Expands High Grade Discovery ZoneResults include 5.87 g/t gold over 8.5 metersToronto, Ontario--(Newsfile Corp. - November 10, 2020) -  Galleon Gold Corp. (TSXV: GGO) (the \"Company\" or \"Galleon Gold\") reports continued expansion of the recently discovered Zone #9 high-grade gold system on its 100% owned West Cache Gold Project, Timmins, Ontario.WC-20-31 intersected 5.87 g/t Au over 8.5 m, from 274.5 to 283 m including sub-interval of 2.0 m at 10.1g/t Au. WC-20-53 intersected 3.06 g/t Au over 8.0 m, from 148 to 156 m including a sub-interval of 1.0 m at 7.53 g/t Au. WC-20-54 intersected 2.63 g/t over 8.0 m, from 190 to 198 m including a sub-interval of 2.0 m at 4.64 g/t Au. Galleon Gold President and CEO, R. David Russell, comments, \"It is very exciting to see the drilling and assay data confirming and infilling the minable open pit structures as expected. The latest excitement and news at the West Cache Gold project has been the continued expansion of the sediment hosted gold target called Zone #9 - a gold zone notable for its thickness, grade, and proximity to the surface. Although we are still working with limited drill and assay data, this zone could have a very positive impact on the project economics in the upcoming PEA. As we conclude the 15,000 meter infill drill program originally planned when we commenced drilling in July, our focus will shift to drillhole definition of Zone #9. We plan on drilling off as much of this newer trend as possible by early 2021, while targeting potential new shoots along strike.\"Figure 1 provides an updated cross-sectional view on the Zone #9 mineralized intervals. Hole 31 was drilled 26 meters down-dip from discovery hole WC-20-30 (9.7 m over 7.16 g/t Au), while Holes 53 and 54 were drilled 67 and 36 meters respectively up-dip from Hole 30. To date the width and grade continuity on confirmed Zone #9 intercepts continue to indicate the presence of a significant mineralized gold zone.Figure 1 - Cross Section 464,125ETo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/1014/67823_0f26244c84afba8f_001full.jpgInfill ProgramThe Company's 15,000 meter infill drilling program with full assays to be completed by year end will provide detailed drill data for an updated gold resource and Preliminary Economic Assessment (PEA) due early in 20...