Galleon Gold Corp. (the “Company” or “Galleon Gold”) (TSX-V: GGO) (FSE:3H90) is pleased to announce a major advancement in the development of its 100%-owned West Cache Project in Timmins, Ontario (“West Cache” or the “Project”). The Company has received formal approval from Ontario’s Ministry of Energy and Mines to proceed with an advanced exploration bulk sample program at the Project. The approval of the closure plan (“Closure Plan”) is a key step in unlocking the full potential of this promising gold asset.
David Russell, President and CEO of Galleon Gold commented, “We are very pleased to have reached this important milestone for the West Cache Project. This approval is a testament to the tremendous effort from our team and the experts at the Ministry of Energy and Mines. We are grateful for the continued support of our local Indigenous communities, the town of Timmins and the Ontario government. With this approval in hand, we are now poised to advance surface work and begin pre-development activities. We look forward to providing updates accordingly.”
Closure Plan Approval – Key Step for West Cache
On April 9, 2025, the Company received confirmation that Ontario’s Ministry of Energy and Mines has accepted and filed the Closure Plan for the West Cache Project. This approval allows the Company to initiate an advanced exploration program that includes the extraction of an 86,500-tonne bulk sample. The bulk sample is expected to grade 8.13 g/t gold and to contain an estimated 22,600 ounces of gold (before recoveries).
The data obtained from this underground exploration, including drilling, mining methods, and mill processing, will be integral for pre-feasibility studies and will play a key role in derisking the Project’s progression toward future mine development.
The Closure Plan is a comprehensive document covering project construction, mining plans, baseline characterization studies, rehabilitation and reclamation plans, and site monitoring programs to be implemented throughout advanced exploration activities and after closure.
Looking Ahead
With the bulk sample approval, Galleon Gold is now positioned to begin site preparation, surface work and pre-development activities at the Project. The Company will be providing updates as work progresses throughout the bulk sample program.
