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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

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Post by Alicantoon Dec 23, 2024 9:33am
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Post# 36374852

GGO Gold and the next few years

GGO Gold and the next few years
https://www.mining.com/video-gold-mining-faces-a-cliff-after-2025-cru-analyst-predicts/

    I doubt we will get any more news before year end but here is an interesting article on gold production to pass the time.  GGO will be moving the project along over the next few years just when gold production is in decline and prices forcast to go higher.  About a year ago I saw an article on Kitco with a CEO from a gold producer talking about acquiring companies at earlier stages due to lack of resources.   The property has only been drilled about 10% and drilling in the past seems to always hit gold and even discover new zones. The previous model of 20 to 30 million ounces was based off the Hollinger/McIntyre mines I believe.  Maybe after years of drilling and mining we will find out but I doubt GGO will be there.  Just hope we are bought out in a few years once we have a better picture which will get us all a better payday.  I remember an interesting video from the discovery of the Hollinger and McIntyre discovery and will post if I can find it.

  Time will tell all and GLTA
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