Galloper Gold Corp - GGDCF STOCK NEWS

Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has completed early-stage investigation of an unexplored VTEM anomaly on the western side of its Glover Island property in Newfoundland. The anomaly, located in the Grand Lake Complex, coincides with a resistivity low similar to documented VMS showings in the Kettle Pond Formation.

The company's 2024 soil sampling program revealed significant copper presence, with 10% of nearly 1,500 samples showing higher than 64 ppm copper, reaching a maximum of 413 ppm Cu. The VTEM and resistivity anomaly extends for almost 3.5 km, with an additional 3 km of resistivity lows in areas without VTEM coverage.

The Glover Island Property comprises 532 mining claims totaling 13,300 hectares, while the company's Mint Pond property consists of 499 claims totaling 12,475 hectares, both located in the Central Newfoundland Gold Belt.

Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has completed the acquisition of three additional exploration claims on Glover Island, Newfoundland, adjacent to its existing exploration area. The acquisition was executed through a purchase agreement with a third-party vendor. As consideration for the claims, Galloper issued 300,000 common shares to the vendor, which are subject to a four-month statutory hold period from the date of issuance.

Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has completed the first tranche of its non-brokered private placement, raising $200,000 through the issuance of 4,000,000 units at $0.05 per unit. Each unit includes one common share and half a warrant, with full warrants exercisable at $0.075 for 12 months.

Additionally, the company has entered into an agreement to acquire three exploration claims on Glover Island, Newfoundland, adjacent to its existing operations. The acquisition will be paid for with 300,000 Galloper common shares, subject to Canadian Securities Exchange approval. The proceeds from the private placement will be used to advance the Glover Island asset, marketing, investor relations, and working capital.

Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has submitted a proposal to acquire the Glover Island Exempt Mineral Land (EML) in Newfoundland and Labrador. The EML, created in 2012, spans 1,925 hectares with 8.85 kilometers of potential strike length and contains a historic gold resource estimate of 58,200 oz indicated and 120,600 oz inferred.

The property includes 19 mineral prospects and showings, primarily for gold, along with copper and zinc prospects. The EML is surrounded by Galloper's existing exploration licenses on Glover Island. The proposal was submitted in response to the province's request issued on November 7, 2024, with a deadline of January 22, 2025.

Additionally, the company announced the appointment of Jan Urata as Corporate Secretary, effective January 1, 2025, replacing Rav Mlait.

Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) has announced a non-brokered private placement of up to 9,000,000 units at $0.05 per unit with strategic investors, aiming to raise gross proceeds of up to $450,000. Each unit comprises one common share and one-half of a common share purchase warrant, with each full warrant exercisable at $0.075 for 12 months from issuance.

The private placement is expected to close around January 31, 2025. The company may pay finders' fees to eligible finders, subject to securities laws and CSE policies. All securities will have a four-month and one-day hold period. The proceeds will be used to advance the Glover Island asset, cover general and administrative expenses including marketing and investor relations, and provide working capital.

Galloper Gold Corp (CSE:BOOM)(OTC PINK:GGDCF) has announced the appointment of Nader Elm to its Board of Directors. Elm, based in Philadelphia, brings extensive experience in strategic planning and operations across technology, media, telecommunications, aerospace, and mining sectors. He is the Founder of Exyn Technologies Inc., and previously served as Senior VP at IMAX and held leadership positions at Rogers Digital Media and Bell Canada. To accommodate Elm's appointment, Bryan Loree has stepped down from the Board but continues as CFO. The company expects to benefit from Elm's global investor connections and business network.

Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has reported significant drill results from its Lucky Smoke occurrence on Glover Island in Western Newfoundland. Key intersections include 15m @ 2.62 g/t Au (including 1m @ 18.79 g/t Au), 3.80m @ 6.92 g/t Au, and 4m @ 4.59 g/t Au within broader mineralized zones.

The six shallow drill holes have defined mineralization over a strike length of approximately 400 meters, with gold carried in pyrite within silicified felsic volcanics in the Kettle Pond Formation. The drilling supports potential for a second deposit along an under-explored contact zone traced for at least 12 kilometers. The company plans a larger Phase 2 program in 2025.

Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) announces the appointment of Dr. Iliya Garkov, Executive Vice-President and Chief Operating Officer of Dundee Precious Metals, to its Board of Directors. Dr. Garkov brings over 30 years of international mining experience and has been instrumental in transforming DPM's Chelopech mine and successfully commissioning the Ada Tepe mine. He replaces Mr. Rav Mlait, who will continue as Corporate Secretary. The company recently completed its first diamond drilling program at the Glover Island Property in Newfoundland since 2012, with results pending.

Galloper Gold Corp has completed its first-ever drilling program at the Lucky Smoke occurrence on Glover Island, Western Newfoundland. The Phase 1 program, consisting of 6 diamond drill holes, is expected to extend the known gold mineralization both laterally and at depth. Lucky Smoke is located 6 km north of the historic Lunch Pond deposit on the 40-km-long island in the 'Four Corners' mining region. Visual analysis of the drill core shows favorable comparison with the Lunch Pond deposit, suggesting potential for multiple orogenic-style gold deposits along a 12-km northeast-trending contact zone. The company owns most claims on the island, except for the historic gold deposit area currently held by the Newfoundland government.