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Galleon Gold Files Notice of Project Status with Ministry of Mines - Moving the West Cache Gold Project to Advanced Stage Exploration
Toronto, Ontario--(Newsfile Corp. - November 16, 2023) - Galleon Gold Corp.  (TSXV: GGO) (t...
About this update from Galleon Gold Corp
[{"type":"text","content":"Galleon Gold Files Notice of Project Status with Ministry of Mines - Moving the West Cache Gold Project to Advanced Stage ExplorationToronto, Ontario--(Newsfile Corp. - November 16, 2023) - Galleon Gold Corp. (TSXV: GGO) (the \"Company\" or \"Galleon Gold\") is pleased to announce it has commenced the formal process of permitting with the Ontario Ministry of Mines (the \"Ministry\") for the 100% owned West Cache Gold Project, Timmins, Ontario (the \"Project\" or \"West Cache\"). Today, the Company submitted the Notice of Project Status - Form 1 - Mining Act providing notice that the Project is moving from exploration to advanced exploration status.Comment from CEODavid Russell, President and CEO of Galleon Gold commented, \"Transitioning West Cache from exploration to advanced stage exploration is a critical milestone for Galleon Gold. Once we receive the final acceptance of our Closure Plan and other necessary permits, we can start to de-risk the Project with our 86,500 tonne test mining program. The production and processing information gained from the bulk sample, along with underground drilling to delineate additional gold targets, will roll into pre-feasibility work in preparation for full-scale mining operations at the West Cache Gold Project.\"Notice of Project Status - Form 1 - Mining ActThe Notice of Project Status is used to report a project is transitioning from exploration status to advanced exploration or mine production project status under subsections 140(1), 141(1) or 144(1) of the Mining Act. By submitting Form 1, Galleon Gold kicks off the formal process of permitting. In addition to filing the Notice of Project Status, the Company has filed the Project Definition and will be providing the Ministry with a copy of the draft Closure Plan. Over the coming weeks the Ministry will assign a team to the file and begin its review of the project. At the same time, the Company will begin its formal public consultation process, which includes meetings and presentations with Indigenous communities, area residents and other stakeholders as they pertain to the West Cache Project. Upon completion of the Ministry's review, the Company will be instructed to submit the Final Closure Plan, subject to any required changes.Closure PlanThe Closure Plan is one of the key permit deliverables that must be approved by the Ontario M...