High-grade corridor continues in the direction of the West Deep
Toronto, Ontario--(Newsfile Corp. - July 15, 2026) - Galleon Gold Corp. (TSXV: GGO) (OTCQX: GGOXF) (FSE: 3H90) (the "Company" or "Galleon Gold") announces drill results from its newly discovered extension of Zone #9 at its 100%-owned West Cache Gold Project (the "Project" or "West Cache") in Timmins, Ontario. The results extend Zone #9 mineralization 360 metres down-plunge (350 metres down-dip) from the planned bulk sample stopes to a vertical depth of 500 metres and trace the mineralized corridor further in the direction of the high-grade West Deep zone discovered in 2010.
Highlights
Zone #9 extended 360 metres down-plunge (350 metres down-dip) from the planned bulk sample stopes to a vertical depth of 500 metres
WC-26-238: 2.03 g/t Au over 23.25 m, including 6.01 g/t Au over 4.05 m - located 60 m down-dip and 45 m west of WC-26-237 (16.07 g/t Au over 9.25 m, see May 27, 2026 news release), confirming continuity between recent and historic drilling
WC-26-240: 2.61 g/t Au over 12.0 m, including 3.32 g/t Au over 9.0 m - approximately 200 m down-dip of the planned bulk sample stopes
WC-26-236: extends the strike length of this deeper extension of Zone #9 to over 125 m, and vectored the subsequent drilling
Zone #9 remains open in all directions, with approximately 200 m of up- and down-plunge length still untested
"Drilling in Zone #9 continues to yield excellent results. We are defining a corridor of significant gold mineralization with meaningful width, strike extent and dip continuity that has the potential to add gold ounces to our resource base and be incorporated into future mine planning following completion of the bulk sample program," said David Russell, CEO & President. "The most important result in this release is not any single intercept - it is that Zone #9 is now a continuous system traced over 500 metres of vertical extent, and its geometry is increasingly defining itself down-dip in the direction of the West Deep. With each hole we tie our recent high-grade intercepts together with historic deeper drilling, and the scale of what we are drilling grows."
WC-26-238 -Zone #9 Plunge Extended 75 Metres
The WC-26-238 intercept is located approximately 60 metres down-dip and 45 metres west of WC-26-237, which returned 16.07 g/t Au over 9.25 metres. Hole 238 was designed to test the elevation between, and to the west of, WC-26-237 and historic hole TPW-15-120, drilled by Teck Resources in 2015, which returned 4.85 g/t Au over 4.6 metres (see Explor Resources Inc. July 19, 2016 news release). By intersecting mineralization 75 metres deeper on the projected plunge from Hole 237, WC-26-238 materially improves confidence in the continuity and geometry of the Zone #9 mineralized system, and further links historic and recent drilling.