In June 2020 Galleon Gold commenced a 15,000 meter drill program. Assay results are available for download below and will be updated as they are announced.
The Company views exploration on the project as two separate programs 1) infill drilling of known areas to support the resource update and PEA, and 2) exploration drilling focused on the newly recognized Zone #9 discovery and identifying other areas with similar potential.
Discovery of New High-Grade Zone (Zone #9)
- WC-20-42 intersected 7.44 g/t Au over 10.7 meters, including separate sub-intervals of 3.3 m at 8.88 g/t Au and 2.9 m of 10.19 g/t Au.
- WC-20-30 intersected 7.16 g/t Au over 9.7 meters including a higher grade sub-interval of 14.75 g/t Au over 3.0 meters (0.430 opt Au over 9.8 feet).
- Why it’s Significant: The location and orientation of Shear Zone #9 up-dip from the West Deep area discovered in 2010, suggests that the recently discovered Hole 30 and 42 mineralization may be linked to the West Deep. Geologic similarities linking the new discovery to the much deeper West Deep zone, include: 1) host rock lithology, 2) a strong sulfide association, and 3) similar gold grades and widths. Interestingly, West Deep “discovery hole” TPW-10-30 intercepted 9.21 g/t Au over 11.0 meters (0.268 opt Au over 36 feet). A cross sectional view of WC-20-042 and how it relates to WC-20-030 and the West Deep area is shown in Figure below.
INFILL DRILL PROGRAM
The Phase 1 infill drill program is designed to provide better definition and confirm geological continuity of mineralized gold zones in contemplated open pit and underground areas. These areas were previously identified during the West Cache resource study (2013 Technical Report) and are currently referred to as the East and West Areas. A second drill phase beginning with hole WC-20-032 is ongoing and is designed to infill slightly deeper gold mineralization in both areas as the project moves towards the updated gold resource and Preliminary Economic Assessment (PEA) report. Initial 2020 drill data compilation and study suggests that the East Area has nearly twice the number and volume of mineralized shears defined by intervals exceeding 0.50 g/t Au relative to the West Area, although average grades appear to be significantly higher in the West Area. This difference may be a function of host rock composition, but more study is needed.