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Galleon Gold Corp PNCKF


Primary Symbol: V.GGO

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 10:58am
165 Views
Post# 36223757

RE:RE:RE:RE:Pretty quiet

RE:RE:RE:RE:Pretty quietYou're quite right in that they do not spell it out in so many words. Frustratingly, we must read between the lines to a degree.

 I emailed the comapny six weeks ago and was told that they were, "waiting for sign off from the Ministry on our draft Closure Plan and are completing the consultation process. Once that is complete we can start the pre-construction and the box cut, then portal and ramping  etc..."

 On pg 19 of the Aug presentation, they state the closure plan has been approved and construction permits granted. They can start removing overburden and prepare the box cut and portal.

Then they mention how they will plan their NEXT underground development, after the bulk sample stopes have been mined and milled. On pg 18, they stated, "
Identify the next area for mine development and amend permit to include new test mining areas. " This directly implies that they have the permit for the existing bulk sample plan.

Unfortunately, presentaion discourse is rarely transcribed verbatim. Hate to make life too easy for us!
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