The West Cache Gold Project (“West Cache” or the “Project”) near Timmins, Ontario, has completed the first two diamond drill holes of the 2022 drill program, according to Galleon Gold Corp. (TSXV: GGO) (the “Company” or “Galleon Gold”).
The drill program’s first two holes were collared to intersect the South Area zones 90 meters away from untested ground from intersections found in the 2020/21 drill program along strike to the west. In order to locate a plunge or prospective shoot inside the South Area, the first two holes were designed to meet mineralized horizons at around the same elevation as in the discovery holes WC-20-077 and WC-20-078. Assays are pending after the completion of core logging and sampling.
- The WC-21-131 hole was extended by 492 meters by drilling hole WC-22-131EX, which enlarged the hole by 633 meters.
- The two main lithologies were intersected by a number of mineralized horizons that may be related to the zones seen in holes WC-20-077 and WC-20-078, which are located about 85 meters to the east and contain the deepest sulphide zone discovered thus far in the South Area at a down-hole depth of 563.5 meters .
- Between holes WC-22-131EX and WC-20-78, a hole called WC-22-214 with a length of 552 meters was intended to intersect the South Zone(s). 110 meters downhole, Zone #9 was intersected along with mineralized zones in the South Area .
- Both drill holes have turned up visible gold.
Galleon Gold’s President and CEO, R. David Russell, said, “We are happy to be able to update shareholders on our progress while awaiting assays as we continue to deepen our understanding of the South Area at West Cache. At the conclusion of our 2021 program, we made a brand-new discovery called the South Area. We are happy that our geological interpretations are being confirmed because there hasn’t been any drilling in this area in the past. As we continue to investigate the area between our mineral resource area for 2022 and the Destor-Porcupine Fault, I believe the South Area will offer Galleon Gold with more resources.”