Business
Galleon Gold Completes Box Cut Excavation at West Cache Project
Toronto, Ontario--(Newsfile Corp. - April 29, 2026) - Galleon Gold Corp. (TSXV: GGO) (OTCQX: GGOXF) (FSE: 3H90) (the "Company" or "Galleon Gold") is pleased
About this update from Galleon Gold Corp
Toronto, Ontario--(Newsfile Corp. - April 29, 2026) - Galleon Gold Corp. (TSXV: GGO) (OTCQX: GGOXF) (FSE: 3H90) (the "Company" or "Galleon Gold") is pleased to announce the successful completion of the box cut excavation at its 100%-owned West Cache Gold Project (the "Project" or "West Cache") in Timmins, Ontario. "We are very pleased with the progress achieved to date," said David Russell, CEO. "I want to recognize our team and contractors for their strong performance and commitment to safe work practices, particularly during an abnormally challenging winter season. Achieving this milestone reflects their focus, discipline, and execution on site." Milestone - Box Cut Excavation The excavation has progressed as planned, with the bedrock face now fully exposed, marking a significant milestone in advancing the Project toward the next phase of development. The excavation walls have been constructed at a 4:1 slope ratio, in accordance with design specifications, and the Company has commenced armoring of the walls to further stabilize and secure the area. With access to competent bedrock established, preparation for construction and blasting for the box cut is underway. The Company's geologists have initiated a mapping and sampling program over the exposed bedrock area to assess the westward extension of mineralized zones that are modelled in the current Mineral Resource Estimate. Figure 1 shows the plan view of the box cut area along with the decline, ramping and planned stopes while the photo in Figure 2 shows the extent of excavation with the bedrock exposed and the ramp that will be used to access the box cut and portal. Why This Matters Completion of the overburden excavation enables the start of the box cut which is required to safely begin the decline into the planned bulk sampling area. Construction of the box cut signals the project is transitioning into underground development. The Company has identified a series of measurable milestones to track progress and deliver transparency for both management, stakeholders and shareholders while executing its strategy to systematically derisk the Project. To date the Company has: Completed a rigorous permitting process required to commence development for the bulk sample program. Structured and secured a comprehensive financing package to fully fund surface and underground development. Advanced initial site pr...