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Galleon Gold Hits High-Grade in the South Area at West Cache Gold Project
Toronto, Ontario--(Newsfile Corp. - September 7, 2022) - Galleon Gold Corp. (TSXV: GGO) (the "...
About this update from Galleon Gold Corp
[{"type":"text","content":"Galleon Gold Hits High-Grade in the South Area at West Cache Gold ProjectToronto, Ontario--(Newsfile Corp. - September 7, 2022) - Galleon Gold Corp. (TSXV: GGO) (the \"Company\" or \"Galleon Gold\") is pleased to report initial drill results from its 2022 drill program at its 100% owned West Cache Gold Project (\"West Cache\" or the \"Project\") in Timmins, Ontario. Highlights from WC-22-215 - South Area Intercepts13.29 g/t Au over 4.5 m (from 260.5 to 265.0 m) Including 79.2 g/t Au over 0.7 m5.23 g/t Au over 5.7 m (from 290.0 to 295.7 m)Including 13.68 g/t Au over 1.7 m Both high grade zones were encountered within a broad interval of gold mineralization averaging 2.85 g/t Au over 35.2 m Overall, Hole 215 intercepts correlate with broad and selective gold zones down-dip in holes WC-20-77 and 78 to provide over 100 meters of dip continuitySignificant dip extensions could be added with intercepts in WC-22-218 (assays pending) and contemplated up-dip drilling in the near futureComment from CEOR. David Russell, President and CEO of Galleon Gold commented, \"It is evident we are dealing with an increasingly large gold system in the combined Zone #9 and South Areas - today's results confirm the ongoing delineation of the next shoot system in the South Area. The discovery of additional gold resources in the vicinity of Zone #9 should enhance contemplated near term underground development in this area. We continue to demonstrate why West Cache is poised to be a productive mine in the Timmins camp and I believe time will prove that the work we have done to date is a harbinger of its full potential.\"Discussion and ResultsHole WC-22-215 was collared to intersect South Area mineralized zones within a gap between near-surface (2.53 g/t Au | 9.0 m, including 7.96 g/t Au | 2.03 m in WC-21-192) and deeper intercepts (2.63 g/t | 7.5 m, including 6.95 g/t Au | 2.0 m in WC-20-077) drilled during the 2020-2021 program. Figure 1 provides a cross sectional view of the intercepts, where drilling continues to define higher zones within a broad mineralized envelope of gold mineralization. Some of these better grades and widths are within fine grained to locally porphyritic felsic metavolcanics, where the more cohesive \"hole 215 footwall zone\" remains 12 to 15 meters from a major contact with interbedded coarse to very fine-grained metasediments. Imp...