Galleon Gold Corp. has entered into an agreement to acquire 66 mineral claims totaling 1,409 hectares in Godfrey and Bristol Townships, contiguous to its West Cache Gold Project near Timmins, Ontario. This acquisition expands the company’s land position 13 kilometers west of Timmins, consolidating the contiguous claim block to a total of 11,570 hectares.
The newly acquired claims extend into metavolcanic stratigraphy to the north and consolidate the remaining 700 meters of a projected shear zone along the Tisdale mafic volcanic contact within the northern reaches of the West Cache Lease. Notably, these claims cover five kilometers of the Mattagami River Fault, a significant structure that offsets the Destor-Porcupine Deformation Zone by approximately eight kilometers. The bedrock geology east of this fault in the area of the new claims is interpreted to be equivalent to geological units hosting parts of the existing West Cache Mineral Resource, including quartz feldspar porphyry bodies and Porcupine metasedimentary rocks.
A drilling campaign conducted on these claims in 2019 identified stratigraphy resembling that seen in drill holes on the West Cache Lease, including similar lithology, mineralization, alteration styles, and geometry of the targeted quartz feldspar porphyry unit. This suggests potential continuity of mineralization between the newly acquired ground and the existing West Cache resource area.
R. David Russell, President and CEO of Galleon Gold, commented that while the company focuses on executing its planned 86,500-tonne bulk sample at West Cache, it remains attentive to the substantial exploration potential in the Timmins mining camp. He noted that adding adjacent claims with geological merit enhances the already significant exploration prospects of Galleon Gold’s land package.