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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 Sep 14, 2024 7:21am
114 Views
Post# 36223603

RE:RE:Pretty quiet

RE:RE:Pretty quietEverything they want to do has been approved, including the bulk sample. Their permits will need amendment once they decide to further explore the underground.

Lots of work to do yet.

There might be a fifty foot layer of overburden to move before they can drill and blast the boxhole which will be the portal construction basis. They'll use concrete and corrugated steel for the entranceway.

They'll probably bring in a jumbo for the 12 x15 ramping. Depending on ground conditions, we're looking at an 8-14 foot advance per day. Ground control methods range from rock bolts to screening to shotcrete, some more expensive and time-consuming than others.

They'll need a water supply to wash cuttings out of the drill holes and keep dust down. Ventilation will be another issue. New jumbos have a vacuum system to handle the dust,but they won't spend a million on that.

Although they'll be sampling as they go, they are likely driving the ramp throughh waste rock. Costs too much to excavate, truck it out and custom-mill waste with no payback. De-risking their capital is key.

They will continue taking samples once they start the actual mining of their bulk sample. If the reports of the grade are positive, then the share price will levitate. Let's hope.

Only s small crew is needed, but they will still need a changeroom facility. We;re getting to the fun part!
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