Galleon Gold announces company has moved West Cache Project to advanced stage exploration
November 21, 2023 at 06:05 pm IST
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Galleon Gold CEO David Russell joined Steve Darling from Proactive to discuss progress on the West Cache Gold Project located in Timmins, Ontario.
The company has initiated the formal permitting process with the Ontario Ministry of Mines to elevate the project from exploration to advanced exploration status. Russell emphasized to Proactive that this transition is a pivotal step for Galleon Gold. Gaining the final acceptance for its Closure Plan and securing other necessary permits are crucial for the company to begin mitigating risks associated with the project.
He further detailed that the data obtained from bulk sampling and the underground drilling efforts, which aim to identify new gold targets, are set to contribute to the pre-feasibility studies. These studies are essential for laying the groundwork for eventual full-scale mining operations at the West Cache Gold Project.
Russell also noted that Galleon Gold is nearing the completion of applications for Environmental Compliance Approvals (ECA), encompassing air, noise, waste, and industrial sewage management. Additionally, the company is in the process of obtaining various construction permits needed for the development of the site's infrastructure. This includes the Permit to Take Water (PTTW), which is vital for managing the use of surface water and for the dewatering processes of the underground mine workings.
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Proactive Investors
+1 604-688-8158
na-editorial@proactiveinvestors.com
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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 Silverâs Timmins West Mine and 14 km southwest of Newmontâs 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 Companyâs portfolio include Eastford Lake, Golden Harker, West Cache Ogden, and West Cache Price.