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Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) has commenced Phase 1 diamond drilling at its Glover Island Project in Western Newfoundland. The company is targeting an expansion of the known orogenic gold system and exploring a potential new discovery with a multi-kilometre-long copper anomaly. Key highlights include:
1. Drilling started 6 km north of the historic gold deposit at an area called 'Lucky Smoke'
2. A contact zone favorable for gold deposition extends along a minimum 12-km trend
3. The copper anomaly is in a previously unexplored area of Glover Island
4. Glover Island is situated in the 'Four Corners' region, near major gold, copper, and salt deposits
CEO Hratch Jabrayan emphasized the compelling new discovery opportunities at Glover Island, citing its favorable geological setting along major fault lines.
Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF)(Frankfurt:W9F) has announced two significant developments. Firstly, the company's common shares have gained DTC eligibility, simplifying trading and potentially enhancing liquidity on OTC Pink Markets. This electronic clearing method accelerates the settlement process for investors and brokers. Secondly, Galloper has engaged Bantr Media Inc. for media and strategic services, including social media management, e-newsletter distribution, and corporate communications consulting.
The agreement with Bantr Media Inc. is effective for 10 months from March 1, 2024, with a total payment of CAD $100,000 and 400,000 stock options granted to the consultant. Galloper Gold is focused on mineral exploration in the Central Newfoundland Gold Belt, with properties at Glover Island and Mint Pond, covering a total area of approximately 25,775 hectares.
Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) has appointed Hratch Jabrayan as its new CEO and Director, replacing Mark Scott. Jabrayan brings extensive experience in the global mining sector, including over seven years with Dundee Precious Metals. His appointment aims to leverage his impressive skill sets, valuable global network, and proven industry track record to build shareholder value.
Jabrayan's recent roles include overseeing the global mining and metals division for USC Consulting Group and serving as CEO of Armenian Gas and Power Enterprises. He has also been a keynote speaker at numerous international conferences for the past 17 years.
The company has granted 1,750,000 stock options, with 1,500,000 to directors and officers at an exercise price of $0.12 per share, expiring after 2 years and vesting quarterly over 12 months. An additional 250,000 options were granted to consultants under similar terms.
Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) has provided a corporate update on its Newfoundland assets. The company has entered into an agreement to acquire four exploration licenses comprising 16 claims on Glover Island for CAD $45,000 and 800,000 common shares. Galloper has also retained David Kean for investor relations services for seven months at $3,500 per month, granting him 100,000 stock options at CAD $0.12 per share. Additionally, the company has granted 3,500,000 stock options to directors, officers, and consultants at an exercise price of $0.12 per share. Galloper Gold is focused on mineral exploration in the Central Newfoundland Gold Belt, with properties on Glover Island (532 claims, 13,300 hectares) and Mint Pond (499 claims, 12,475 hectares).
Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) has entered into an agreement with MarketSmart Communications Inc. for investor relations services. The initial term is 12 months, with MarketSmart receiving a monthly fee of $7,500 plus taxes. Additionally, MarketSmart will be granted stock options for 300,000 common shares at a price to be determined within 30 days of the July 15, 2024 effective date. These options will vest quarterly over one year.
The agreement aims to assist Galloper Gold, a newly-listed company, in pursuing opportunities in Newfoundland around a historic gold deposit. MarketSmart will focus on keeping shareholders informed and broadening the investor audience for BOOM as the company progresses with its 2024 exploration at the Glover Island Project. The agreement and stock options are subject to CSE approval.
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