Galleon Gold Corp. is pleased to report the first two diamond drill holes of the 2022 drill program have been completed at the West Cache Gold Project in Timmins, Ontario. The initial two holes of the drill program were collared to intersect the South Area zones along strike to the west within 90 meters of untested ground from intersections encountered in the 2020/21 drill program. The objective of the first two holes was [...]
Galleon Gold Corp. is pleased to report that all of the resolutions put forth at the Annual and Special Meeting of Shareholders held on June 21, 2022, were approved. At the Meeting, shareholders elected the following directors to hold office for the ensuing year: R. David Russell, Thomas Kofman, James T. O'Neil Jr., Mario Colantonio, Gerhard Merkel, Michael Hobart and Richard F. Nanna. Shareholders also approved [...]
Galleon Gold Corp. is pleased to announce that it has sold its 100% interest in the William Lake Property to Leeuwin Metals PTY Ltd. . Pursuant to the terms of the Sale Agreement, the Company has received the following consideration: CAD$1,000,000 in Cash 2,500,000 Common Shares of Leeuwin 2,500,000 Consideration Options with each Option entitling the Company to acquire one Share of Leeuwin at a price of AUD$0.50 for a [...]
Galleon Gold Corp. is pleased to report the 2022 exploration drill program at its 100% owned West Cache Gold Project in Timmins, Ontario has commenced with set up for the first drill hole underway. The initial 5,000-meter drill program will focus on high-priority drill targets identified during the Company's drill program in 2020-2021. Figure 1 shows the target areas in the sediment dominant stratigraphy near Zone #9 and [...]
Eric Sprott announces that, today, 1,000,000 common share purchase warrants of Galleon Gold Corp., expired unexercised representing a decrease in holdings of approximately 2.7% of the outstanding common shares on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these Warrants, Mr. Sprott beneficially owned and controlled 11,624,895 Shares and 3,000,000 Warrants representing [...]
Galleon Gold Corp. is pleased to provide an exploration update for its 100% owned West Cache Gold Project in Timmins, Ontario. Following the release of the Project's updated Mineral Resource Estimate and maiden Preliminary Economic Assessment in early 2022 , the Company is planning its exploration and permitting programs for the upcoming field season. Drill-Rig Contracted Galleon Gold intends to follow-up on high-priority [...]
Galleon Gold Corp. is pleased to announce that it has engaged Harbor Access LLC to perform external "investor relations activities", as defined in accordance with the policies of the TSX Venture Exchange , subject to TSXV approval. The initial term of the contract is for six months, and month to month thereafter. In consideration for the services the Company will pay Harbor Access US$7,000 monthly and reasonable out of [...]
Galleon Gold Corp. is pleased to announce the closing of the previously announced "best efforts" brokered private placement for gross proceeds of C$3,500,000 from the sale of 2,462,437 units of the Company at a price of C$0.50 per Unit, 3,306,821 flow-through units of the Company at a price of C$0.55 per FT Unit and 642,900 FT Units to be sold to charitable purchasers at a price of C$0.70 per Charity FT Unit. The Offering [...]
Galleon Gold Corp. is pleased to announce it has entered into an agreement to acquire 129 mineral claims totaling 2,760 hectares contiguous to the Company's existing property position at its West Cache Gold Project in Timmins, Ontario. The addition of the Mineral Claims located in Price Township adds to the Company's land position 13 kilometers west of Timmins and expands the total claim package to 10,350 hectares. Figure [...]
Galleon Gold Corp. is pleased to announce that further to its news release dated January 12, 2022, the Company has filed on SEDAR a Technical Report detailing the Preliminary Economic Assessment and updated Mineral Resource Estimate for the West Cache Gold Project, Timmins, Ontario. The PEA was prepared in accordance with National Instrument 43-101 by P&E Mining Consultants Inc. of Brampton, Ontario, Canada with an [...]
Galleon Gold is pleased to announce that further to its news release dated February 9, 2022, the TSXV has approved the consolidation of the Company's issued and outstanding common shares on a basis of one post-consolidation Common Share for every ten pre-consolidation Common Shares. Effective at the opening of the market on February 24, 2022, the Common Shares will start trading on the TSX Venture Exchange on a [...]
Galleon Gold Corp. is pleased to announce that it has entered into an agreement with Red Cloud Securities to act as sole agent and bookrunner in connection with a best efforts private placement for gross proceeds of up to C$5,000,000 and its intention to complete a consolidation of its issued and outstanding common shares immediately prior to the closing of the Offering on the basis of ten existing common shares for one [...]
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