Business
Galloper Gold Initiates Historic Gold Prospect Evaluation on Glover Island
Vancouver, British Columbia--(Newsfile Corp. - October 27, 2025) - Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) (the "Company" or "Galloper") announces tha
About this update from Galloper Gold Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - October 27, 2025) - Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) (the \"Company\" or \"Galloper\") announces that it has initiated exploration evaluation of historic gold-mineralized prospects along trend of the LPSE resource. Highlights include: Helicopter visit to Glover Island with a team of geologists targeting historic prospects to assess and interpret the significant surficial historic exploration works and observe gold mineralization continuity. Assessment of recently acquired claims from former adjacent mineral licence (see News Release dated Sept. 30, 2025). Evaluation of historic Government of Newfoundland and Labrador-held historic gold mineralized drill core. Galloper Gold's VP Exploration, Mr. Bryan Sparrow, commented: \"We've undertaken a targeted program to evaluate the mineralization potentiality of the ~11km gold trend. The historic mineralized prospects are situated in the same belt of rocks along trend of the historic LPSE deposit*. New insights into the area show us the rocks host favorable deformation zones that add to the already extensive targeting capacity we hold within the land package on Glover Island. This continues to add growing and exciting capacity to increase the potential of the gold resource on Glover Island ultimately adding to shareholder value.\" Galloper has entered into a marketing agreement (the \"Marketing Agreement\") with SarLor Corp. (the \"Consultant\"**) pursuant to which the Consultant will provide marketing services to Galloper for a term of six (6) months in exchange for remuneration of $3,000, plus applicable taxes, and a total of 300,000 incentive stock options (the \"Options\"). The Options are exercisable at $0.08 per common share for a period of one year and shall vest quarterly until the expiry date. The Consultant is arm's length to the Company and, to the knowledge of the Company, does not own any securities, directly or indirectly, of the Company as of the date of this release. *Technical information regulating the material disclosure regarding the LPSE resource (also available from July 31, 2025 News Release): The property covers an area of 1,926 hectares and contains the LPSE Resource. Au indicated and inferred LPSE resource delineated by Mountain Lake Minerals in 2012. Grade and tonnage for this deposit are...