Galloper Exploring Copper Prospect Within Glover Island Project
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) ha completato un'indagine preliminare su un'anomalia VTEM inesplorata sul lato occidentale della sua proprietà di Glover Island in Newfoundland. L'anomalia, situata nel Grand Lake Complex, coincide con una bassa resistività simile a quelle documentate in affioramenti VMS nella Formazione Kettle Pond.
Il programma di campionamento del suolo 2024 dell'azienda ha rivelato una significativa presenza di rame, con il 10% di quasi 1.500 campioni che mostrano valori superiori a 64 ppm di rame, raggiungendo un massimo di 413 ppm Cu. L'anomalia VTEM e di resistività si estende per quasi 3,5 km, con ulteriori 3 km di basse resistività in aree senza copertura VTEM.
La proprietà di Glover Island comprende 532 diritti minerari per un totale di 13.300 ettari, mentre la proprietà di Mint Pond dell'azienda consiste di 499 diritti per un totale di 12.475 ettari, entrambe situate nella cintura aurifera centrale di Newfoundland.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) ha completado una investigación preliminar sobre una anomalía VTEM inexplorada en el lado occidental de su propiedad Glover Island en Newfoundland. La anomalía, ubicada en el Complejo Grand Lake, coincide con una baja en resistividad similar a las manifestaciones VMS documentadas en la Formación Kettle Pond.
El programa de muestreo de suelo 2024 de la empresa reveló una presencia significativa de cobre, con el 10% de casi 1.500 muestras mostrando más de 64 ppm de cobre, alcanzando un máximo de 413 ppm Cu. La anomalía VTEM y de resistividad se extiende por casi 3,5 km, con otros 3 km de bajas en resistividad en áreas sin cobertura VTEM.
La propiedad de Glover Island comprende 532 derechos mineros que totalizan 13.300 hectáreas, mientras que la propiedad Mint Pond de la empresa consta de 499 derechos que suman 12.475 hectáreas, ambas ubicadas en el Cinturón de Oro Central de Newfoundland.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF)는 뉴펀들랜드의 Glover Island 소유지 서쪽에 있는 미탐사 VTEM 이상 현상에 대한 초기 조사를 완료했습니다. 이 이상 현상은 Grand Lake Complex에 위치하며, Kettle Pond Formation에서 문서화된 VMS 노출과 유사한 저항률 저점을 나타냅니다.
회사의 2024년 토양 샘플링 프로그램은 1,500개 샘플 중 10%가 64ppm 이상의 구리를 보여주며, 최대 413ppm Cu에 도달하는 등 상당한 구리 존재를 밝혀냈습니다. VTEM 및 저항률 이상 현상은 거의 3.5km에 걸쳐 있으며, VTEM 커버리지가 없는 지역에서 추가로 3km의 저항률 저점이 있습니다.
Glover Island 소유지는 총 13,300헥타르에 해당하는 532개의 광산 청구권으로 구성되어 있으며, 회사의 Mint Pond 소유지는 총 12,475헥타르에 해당하는 499개의 청구권으로 구성되어 있으며, 두 곳 모두 중앙 뉴펀들랜드 금벨트에 위치하고 있습니다.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) a terminé une enquête préliminaire sur une anomalie VTEM inexplorée sur le côté ouest de sa propriété de Glover Island à Terre-Neuve. L'anomalie, située dans le complexe de Grand Lake, coïncide avec une faible résistivité similaire aux manifestations VMS documentées dans la formation de Kettle Pond.
Le programme d'échantillonnage du sol 2024 de l'entreprise a révélé une présence significative de cuivre, avec 10 % des près de 1 500 échantillons montrant plus de 64 ppm de cuivre, atteignant un maximum de 413 ppm Cu. L'anomalie VTEM et de résistivité s'étend sur près de 3,5 km, avec 3 km supplémentaires de faibles résistivités dans des zones sans couverture VTEM.
La propriété de Glover Island comprend 532 claims miniers totalisant 13 300 hectares, tandis que la propriété de Mint Pond de l'entreprise se compose de 499 claims totalisant 12 475 hectares, toutes deux situées dans la ceinture aurifère centrale de Terre-Neuve.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) hat eine frühzeitige Untersuchung einer unerforschten VTEM-Anomalie an der westlichen Seite ihrer Glover Island-Liegenschaft in Neufundland abgeschlossen. Die Anomalie, die im Grand Lake Complex liegt, stimmt mit einem Widerstandswert überein, der ähnlich ist wie dokumentierte VMS-Auffälligkeiten in der Kettle Pond-Formation.
Das 2024 Bodenprobenprogramm des Unternehmens zeigte eine signifikante Kupferpräsenz, wobei 10% von fast 1.500 Proben mehr als 64 ppm Kupfer zeigten, mit einem Maximum von 413 ppm Cu. Die VTEM- und Widerstands-Anomalie erstreckt sich über fast 3,5 km, mit weiteren 3 km an Widerstandswerten in Bereichen ohne VTEM-Abdeckung.
Die Glover Island-Liegenschaft umfasst 532 Bergbaurechte mit einer Gesamtfläche von 13.300 Hektar, während die Mint Pond-Liegenschaft des Unternehmens aus 499 Rechten mit insgesamt 12.475 Hektar besteht, die beide im zentralen Goldgürtel von Neufundland liegen.
- Discovery of significant copper anomaly through soil sampling program
- Large scale of anomaly covering 3.5 km with additional 3 km potential
- 10% of soil samples showed elevated copper content (>64 ppm)
- None.
VANCOUVER, BC / ACCESS Newswire / February 13, 2025 / Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) (the "Company" or "Galloper") is pleased to provide an exploration update as the Company continues to advance its assets in Newfoundland.
The Company has completed its early-stage investigation of an unexplored VTEM anomaly on the western side of its Glover Island property.
This VTEM anomaly is situated in the Grand Lake Complex in an otherwise underexplored area. It is coincident with a resistivity low, as are the documented VMS showings in the historically known and explored Kettle Pond Formation to the east. No prior sampling or drilling of this anomaly has been documented in publicly available assessment reports.
Extensive soil sampling performed by the Company in 2024 has documented anomalous copper in the immediate area of the VTEM anomaly. Of the almost 1,500 samples taken,
The known VTEM and resistivity anomaly covers a length of almost 3.5 kms with an additional 3 kms of resistivity lows where there is currently no VTEM coverage.
Mr. Hratch Jabrayan, Galloper CEO Commented, "As we continue to advance our flagship Glover Island asset, we are excited by the potential this copper anomaly offers. It provides us an additional dimension to explore on Glover Island as we continue to move forward with our robust exploration program which has already returned promising drill results for gold. We look forward to updating our shareholders with additional information as it becomes available."
Company Contact: info@gallopergold.com, 778-655-9266
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Peter Lauder, P.Geo., Director and Senior Geologist for Galloper Gold. Mr. Lauder is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
Investor Relations:
MarketSmart Communications
Tel: 877-261-4466
Acknowledgment - Newfoundland & Labrador Junior Exploration Assistance Program
Galloper Gold acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.
Galloper Gold Corp.
Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its Glover Island and Mint Pond properties, each prospective for gold and base metals. The Glover Island Property consists of 532 mining claims totaling 13,300 hectares while Mint Pond consists of 499 claims totaling 12,475 hectares.
For more information please visit www.GalloperGold.com and the Company's profile on SEDAR+ at www.sedarplus.ca.
Forward Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Forward looking statements in this news release include statements regarding the proposed property purchase transaction and acquisition of additional claims, the provision of IR services by the Consultant, and the grant of stock options. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks, including the risk that the property purchase transaction may not be completed as expected or at all, or that the option grants may vary. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally, risks related to capital markets, risks related to the state of financial markets or future metals prices and the other risks described in the Company's publicly filed disclosure.
Management has provided the above summary of risks and assumptions related to forward-looking statements in this news release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Galloper Gold Corp.
View the original press release on ACCESS Newswire
FAQ
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