Galleon Gold Corp.: Galleon Gold Announces Sale of Non-Core Quebec Properties
Toronto, Ontario (Newsfile Corp. - May 4, 2021) - Galleon Gold Corp. (TSXV: GGO) (the Company or Galleon Gold ) is pleased to announce it has entered into an agreement (the Agreement ) to sell its non-core Quebec properties (the Properties ) to a private company, Quebec Aur Ltd. ( Quebec Aur ). Pursuant to the terms of the Agreement, Quebec Aur has paid $250,000 and will issue to the Company 600,000 common shares of Quebec Aur (the Quebec Aur Shares ), to obtain 100% ownership of the Properties. The Properties included in the Agreement are the East Bay, Destor and Nelligan Properties.
Galleon Gold Corp.: Galleon Gold Reports Near Surface Intercepts at West Cache Gold Project - 9.37 g/t Au over 6.0 m
Zone #9 - Near surface expression of mineralized structure
Hole 173 and 149 were designed to define the continuity and strike of the near surface expression of the Zone #9 mineralized shoot.
WC-21-173 intersected 9.37 g/t Au over 6.0 m (63.6 to 69.6 m) including
13.19 g/t Au over 4.0 m (63.6 to 67.6 m); true thickness of these intervals is estimated at 94% of the reported intercept length
WC-21-149 intersected 3.17 g/t Au over 2.1 m (71.9 to 74 m) including
4.31 g/t Au over 1.1 m (71.9 to 73 m); true thickness of these intervals is estimated at 94% of the reported intercept length
Galleon Gold Corp.: Galleon Gold Reports 6.1 g/t Gold over 15 Meters at West Cache Project
Zone #9 - continued definition of grade and mineralization
WC-21-172 intersected 6.1 g/t Au over 15.0 m (230 to 245 m) including
9.89 g/t Au over 7.0 m (231 to 238 m); true thickness of these intervals is estimated at 98% of the reported intercept length
WC-21-191 intersected
13.83 g/t Au
over 2.0 m (192 to 194 m); true thickness of these intervals is estimated at 94% of the reported intercept length
Hole WC-21-172, located mid-way between previously announced holes WC-20-30 (7.16 g/t Au over 9.7 m) and WC-20-42 (7.44 g/t Au over 10.7 m), provides additional confirmation of grade/thickness in a key portion of the Zone #9 mineralized shoot located 150 to 200 m below surface (see press releases dated September 9 and 29, 2020). Assays and geologic data from Hole 172 will be important for the modeling and resource work now underway as part of the Company s upcoming Preliminary Economic As
Galleon Gold Corp.: Galleon Gold Continues to Define Gold at West Cache Project
Results include 8.28 g/t Au over 13.04 meters
Toronto, Ontario (Newsfile Corp. - April 14, 2021) - Galleon Gold Corp. (TSXV: GGO) (the Company or Galleon Gold ) is pleased to announce additional Zone #9 intercepts from its 100% owned West Cache Gold Project, Timmins, Ontario.
Zone #9 - continued definition of grade and mineralization
WC-21-174 intersected
(211 to 224.04 m) including
14.58 g/t Au over 6.04 m (218 to 224.04 m); true thickness of these intervals is estimated at 98% of the reported intercept length
WC-21-119 intersected
(358.0 to 360.0 m) and
4.90 g/t Au over 1.5 m (364.5 to 366.0 m); true thickness of these intervals is estimated at 94% of the reported intercept length
Galleon Gold Corp.: Galleon Gold Extends Gold Mineralization at West Cache Project
East Pit Extension- drilling confirms and extends easterly trend
Eight new core holes, completed to an average depth of 200 meters, were drilled at and beyond the eastern edge of the projected East Pit area with the goal of extending several known gold zones (Figures 1 and 2). This latest drillhole array was particularly successful in confirming lateral and vertical projections with inferred near surface potential. Highlights from some of the East Pit area holes, shown in the following bullets, provide the latest data projecting a 350-meter eastward extension of the East Pit mineralization, while emphasizing the need for additional drilling immediately to the south and east. Importantly, the latest results show strong potential to continue to add incremental gold resources to the eastern end of the Company s 2013 resource base.