Business
Galloper Gold Expands Gold Potential of Glover Island in Western Newfoundland
VANCOUVER, BC / ACCESSWIRE / November 13, 2024 / Galloper Gold Corp. (CSE:BOOM) (OTC PINK:GGDCF) (Frankfurt:W9F) (the "Company" or "Galloper") is pleased to ann
About this update from Galloper Gold Corp
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / November 13, 2024 / Galloper Gold Corp. (CSE:BOOM) (OTC PINK:GGDCF) (Frankfurt:W9F) (the \"Company\" or \"Galloper\") is pleased to announce that the Company's first-ever drilling at Glover Island is expected to significantly extend the known gold mineralization, both laterally and at depth, at the Lucky Smoke occurrence where only limited historical exploration has occurred. Lucky Smoke is located approximately 6 km north of the historic Lunch Pond deposit on the nearly 40-km-long island in the heart of Western Newfoundland's \"Four Corners\" mining region (see map further below, Figure 2). Galloper's Phase 1 program was the first diamond drilling on Glover Island since 2012. Detailed analysis of the drill core and all data from the 6 holes completed at Lucky Smoke, including a downhole probe, are expected to greatly enhance the Company's understanding of the gold potential of the broader island. Most of the 122 historic (1985-2012) diamond drill holes at Glover Island (Conliffe, Geology and Mineral Potential of the Glover Island/Grand Lake Area, 2021) were relatively shallow and confined to a small area with outcrop on the southern part of the island. Mr. Hratch Jabrayan, Galloper CEO, commented: \"The potential scale of Glover Island, and the opportunity for multiple orogenic-style gold deposits, is evident from visual analysis of the drill core at Lucky Smoke which compares favorably with the Lunch Pond deposit 6 km to the south along a northeast-trending contact zone that continues for at least 12 km. \"Galloper owns most of the claims on the island, though not the historic gold deposit at this time or the claims immediately adjacent to it (held by the Newfoundland government). We're eagerly anticipating assay results for Lucky Smoke which will help us design a major drilling and exploration campaign for 2025. Much of Glover Island has never been systematically explored for its gold and copper potential.\" Section of Galloper drill core from LS-24-06 (129.85 m to 145.95 m) - part of a 50-m true thickness alteration zone with quartz-pyrite veins cutting through a favorable felsic unit associated with gold mineralization elsewhere on the island (historic deposit 6 km to the south). Figure 1 - Representative Lucky Smoke Drill Core Glover Island Geological Setting Glover Island is situated in very ...