| Announcement Date: | 2022-09-07 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Galleon Gold Corp. |
| Project name: | West Cache |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 4.5m @ 13.29g/t Au from 260.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | TORONTO: September 7, 2022. Galleon Gold Corp. (TSXV: GGO) (the “Company” or “Galleon Gold”) is pleased to report initial drill results from its 2022 drill program at its 100% owned West Cache Gold Project (“West Cache” or the “Project”) in Timmins, Ontario. Hole WC-22-215 was collared to intersect South Area mineralized zones within a gap between near-surface (2.53 g/t Au | 9.0 m, including 7.96 g/t Au | 2.03 m in WC-21-192) and deeper intercepts (2.63 g/t | 7.5 m, including 6.95 g/t Au | 2.0 m in WC-20-077) drilled during the 2020-2021 program. Figure 1 provides a cross sectional view of the intercepts, where drilling continues to define higher zones within a broad mineralized envelope of gold mineralization. Some of these better grades and widths are within fine grained to locally porphyritic felsic metavolcanics, where the more cohesive “hole 215 footwall zone” remains 12 to 15 meters from a major contact with interbedded coarse to very finegrained metasediments. Importantly, the higher grade 215 footwall shoot is located only 300-meters south of high-grade Zone #9. The southern felsic metavolcanic unit as identified in 2020 drilling, contains two dominant mineralized horizons, |
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