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Galleon Gold Corp V.GGO

Alternate Symbol(s):  PNCKF

Galleon Gold Corp. is a Canada-based advanced exploration and development company focused on the West Cache Gold Project in Timmins, Ontario. The West Cache Gold Project is located approximately seven kilometers (km) northeast of Pan American Silver’s Timmins West Mine and 14 km southwest of Newmont’s Hollinger Mine. The land package totals approximately 10,370 hectares (ha) and consists of a mining lease, mining licenses of occupation (MLO), patent claims and mining claims. Its Golden Trove Project is a high-grade gold-dominant vein system. It is located approximately 27 km southeast of Boise, Idaho. Golden Trove private property consists of about five patented mining claims covering approximately 22.4 ha and another seven unpatented lode claims covering about 52.6 ha located on Forest Service administered public lands. The additional properties in the Company’s portfolio include Eastford Lake, Golden Harker, West Cache Ogden, and West Cache Price.


TSXV:GGO - Post by User

Comment by cookhouseon Aug 15, 2024 1:44pm
175 Views
Post# 36181008

RE:RE:RE:RE:RE:RE:permit progress

RE:RE:RE:RE:RE:RE:permit progressSo, news and fear of this lawsuit have spread.

I can see where it may result in a revamped claimstaking procedure. They will not tear up the Mining Act, but I can see much compromise on the horizon.

However, Galleon is well past that part. The advanced permit process sequence repeatedly mentions negotiations with local indigenous factions. I would think those negotiations are well underway, if not complete. Talks began years ago.

I hope that all stakeholders decide to make some money now, while we're so close to approval. Let the courts and government hash out any legislative changes in the meanwhile.

PLEASE NOTE: this is all speculation on my part, looking at our best case scenario. I don't have any insider or advanced knowledge, nothing more than what's publicly available in the media.
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