Business
Galleon Gold Provides Update on Permitting at the West Cache Gold Project
Toronto, Ontario--(Newsfile Corp. - August 1, 2023) - Galleon Gold Corp.  (TSXV: GGO) (the ...
About this update from Galleon Gold Corp
[{"type":"text","content":"Galleon Gold Provides Update on Permitting at the West Cache Gold ProjectToronto, Ontario--(Newsfile Corp. - August 1, 2023) - Galleon Gold Corp. (TSXV: GGO) (the \"Company\" or \"Galleon Gold\") is pleased to provide an update on its development plans for its 100% owned West Cache Gold Project, Timmins, Ontario (the \"Project\" or West Cache\").Comment from CEODavid Russell, President and CEO of Galleon Gold, commented, \"We are entering the final stretch for completion of the detailed engineering design and documentation required for submission of our bulk sample permit application. The underground sample is designed to produce 86,500 tonnes @ 8.13 g/t Au for 22,600 ounces of gold - prior to recoveries. At gold prices above US$1,900 / ounce, we expect gross revenue of C$50 million for this stage of development. Moreover, work from the test mining will feed into pre-feasibility work and at the same time we will have opened up the underground for further development and drilling. The extent of work required to move a project from exploration to advanced stage exploration is significant and the Galleon team has been steadfast in their support of this strategy. We look forward to receiving permits, awarding construction contracts and breaking ground.\" Bulk Sample Detailed Planning & EngineeringThe bulk of the Company's detailed design work is nearing completion with the final plans being readied for: 1) inclusion in the permit application documents, and 2) contract bidding process for site preparation, underground ramp construction and ore extraction. Box Cut Design - The Box Cut creates safe access on flat ground as the Decline transitions from glacial cover to hard bedrock and represents the first stage of the excavation process. The last of the lab results from the geo-technical drilling have been received and the Box Cut design is being finalized.Ramp Design - The Ramp design has been completed and includes 1,275 meters of lateral development to reach the Zone #9 ore body - plus an additional 1,250 meters of development for muck bays, substations, drifting, safety bays and ventilation access. Drill Stations for underground exploration will also be included as part of this design. In total, 2,525 meters of underground development have been designed for the Bulk Sample access and extraction.Waste Rock, Ore Production, ...