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Galleon Gold's West Cache Project Delivers More Gold
Results include 9.97 g/t Au over 5.0 meters Toronto, Ontario--(Newsfile Corp. - March 1, 2023) -...
About this update from Galleon Gold Corp
[{"type":"text","content":"Galleon Gold's West Cache Project Delivers More GoldResults include 9.97 g/t Au over 5.0 metersToronto, Ontario--(Newsfile Corp. - March 1, 2023) - Galleon Gold Corp. (TSXV: GGO) (the \"Company\") is pleased to report assay results from its 2022/23 exploration and geomechanical drill programs at its flagship West Cache Gold Project in the prolific Timmins Gold Belt near Timmins, Ontario.Drilling HighlightsGeomechanical hole WC-22-219A intersected 5.53 g/t gold over 12.5m in Zone #9, including 9.97 g/t gold over 5.0 mHole WC-22-131EX in South Zone intersected 8.76 g/t gold over 1.8 m Hole WC-22-216 in South Zone intersected 2.3 g/t gold over 5.5 mHole WC-22-214 in South Zone intersected 3.2 g/t gold over 3.2 mComment from CEODavid Russell, President and CEO of Galleon Gold commented, \"Today's results continue to confirm the impressive grade continuity of Zone #9, while also highlighting the growing importance of the nearby South Area mineralized zones. Our focus over the next several months will be on permitting and preparation for the Zone #9 Bulk Sample. In addition, exploration programs to help delineate the resource potential of the South Area will be designed using both surface and underground drill programs.\"2022 South Area DrillingThe Company completed 3,527 meters of NQ drilling in eight (8) exploration drillholes and/or drillhole extensions to better define multiple gold-bearing zones located 300 meters south of Zone #9 and only 100 meters south of planned development ramps.There are two predominant mineralized horizons emerging in the South Area felsic metavolcanic unit, the \"Upper South Zones\" just below the contact with metasediments and the \"Lower South Zones\" nearer the metavolcanic unit's lower contact with metasediments. The upper zones dip 55° to the north like Zone #9 while the lower zones dip 80° to vertical. (Figure 2 Cross Section). Upper South ZoneWC-22-131EX tested the South Area along strike 100 meters west of the 2020 discovery holes and intersected several mineralized horizons, including 8.76 g/t Au over 1.8 m. This interval includes both pyrite-sphalerite-chalcopyrite mineralization and quartz-carbonate-tourmaline veining.3.20 g/t Au over 3.2 m in WC-22-214 with up to 15% semi-massive pyrite located 35-meters due south of the bulk sample decline1.16 g/t Au over 3.5 m in WC-22-218 wi...