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Bullboard - Stock Discussion Forum 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... see more

TSXV:GGO - Post Discussion

Galleon Gold Corp > GGO - MAY PRESENTATION
View:
Post by Udinese69 on Jun 04, 2024 9:05am

GGO - MAY PRESENTATION

https://galleongold.com/site/assets/files/2843/ggo_investor_presentation_website_may_2024.pdf
Comment by cookhouse on Jun 04, 2024 12:53pm
This is a good update that shows the amount and scale of work remaining to get the bulk sample.  Most ramps are a 15 degree decline and 15 feet wide by 18 feet high. Similar to switchbacks seen when building roads in the mountains, there will be a number of switchbacks before the ramp gets anywhere even near the proposed stope 600 odd feet below. Once the ramp portal is established, they ...more  
Comment by peterj99 on Jun 04, 2024 3:59pm
great post Thanks you know a lot about actual mining any idea why they did not get a permit for open pit first? there seems to be enough gold in an open pit to make money
Comment by cookhouse on Jun 04, 2024 4:55pm
Open pit is still hard rock mining that requires drilling, blasting, haulage and milling, also very labor-intensive, even after moving a square kilometer of 20 foot layer of overburden ( dirt, trees, etc). It's something you see more with lower-grade ore. They seem to have found a pocket of higher-grade for their bulk sample Do the math: Estimated 2200 oz of gold at 2300/oz. That's enough ...more  
Comment by peterj99 on Jun 04, 2024 6:40pm
great post again you know a lot about mining keep posting please
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