Business
Galloper Gold Retains P&E Mining Consultants and Initiates Updated Mineral Resource Estimate for LPSE Deposit Evaluation on Glover Island
Vancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) (the "Company" or "Galloper") is pleased t
About this update from Galloper Gold Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) (the \"Company\" or \"Galloper\") is pleased to announce it has retained the services of P&E Mining Consultants Inc to immediately initiate work on an updated NI43-101 compliant Mineral Resource Estimate (MRE) of it's 100% owned Lunch Pond South Extension (LPSE) gold resource. The Glover Island property covers an area of 116.6km2 and contains the LPSE gold resource. Gold Indicated and Inferred in the LPSE resource was delineated by Mountain Lake Minerals Ltd. in 2017. Grade and tonnage for this deposit are stated as: 1) A 0.5g/t Au cut-off open-pit mine design with a 1.72g/t Au average within 993,000t indicated resource, and with a 1.59g/t average within a 1,703,000t inferred resource. 2) A 2.0g/t Au cut-off underground mine design with a 2.99g/t Au average with 36,000t indicated resource, and with a 2.78g/t Au average within a 373,000t inferred resource. See Table 1.1 below from: Puritch, E. and Barry, J., 2017. Technical Report and Resource Estimate on the Glover Island Property, Grand Lake Area, West-Central Newfoundland, Canada for Mountain Lake Minerals Ltd. NI-43-101& NI-43-101F1 Technical Report. The 2017 LPSE mineral resource was performed using a value US$1,210 per ounce, and the current update is being performed in a significantly increased gold valuation environment. Galloper Gold's CEO Mr. Hratch Jabrayan commented: \"Updating the MRE on the LPSE Resource is an important step to advancing and progressing the Glover Island Project. The project has benefited from a significant gold valuation increase since 2017. Assessing the economic potential with a renewed and updated MRE will help us to progress the technical component of the project. Results from this exercise are expected in Q2 2026.\" An updated MRE will provide a reinterpreted economic ore zone with revised grade constraints, estimation and pit-shell geometry. Galloper Gold has engaged P&E Mining Consultants Inc. (P&E), who performed the 2017 MRE, for this development exercise. P&E are independent qualified consultants and will prepare the updated MRE within the parameters of the NI43-101 Standards of Disclosure for Mineral Projects. *Technical information regulating the material disclosure regarding the LPSE resource (also ...