Galloper Gold Commences Diamond Drilling at Glover Island
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) ha iniziato la Fase 1 di perforazioni diamantine presso il suo Progetto Glover Island nel western Newfoundland. L'azienda mira a un espansione del noto sistema orogenico aurifero e sta esplorando una potenziale nuova scoperta con un anomalia di rame lunga diversi chilometri. I principali punti salienti includono:
1. Le perforazioni sono iniziate a 6 km a nord del deposito aurifero storico in un'area chiamata 'Lucky Smoke'
2. Una zona di contatto favorevole per la deposizione dell'oro si estende lungo una tendenza minima di 12 km
3. L'anomalia di rame si trova in un'area precedentemente inesplorata di Glover Island
4. Glover Island è situata nella regione 'Four Corners', vicino a importanti giacimenti di oro, rame e sale
Il CEO Hratch Jabrayan ha sottolineato le opportunità di nuove scoperte intriganti a Glover Island, citando il suo favorevole contesto geologico lungo importanti linee di faglia.
Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) ha comenzado la Fase 1 de perforación de diamante en su Proyecto Glover Island en Newfoundland occidental. La empresa está apuntando a una expansión del conocido sistema aurífero orogénico y explorando un posible nuevo descubrimiento con una anomalia de cobre de varios kilómetros de longitud. Los puntos clave incluyen:
1. La perforación comenzó a 6 km al norte del depósito de oro histórico en un área llamada 'Lucky Smoke'
2. Una zona de contacto favorable para la deposición de oro se extiende a lo largo de una tendencia mínima de 12 km
3. La anomalia de cobre se encuentra en un área previamente inexplorada de Glover Island
4. Glover Island está situada en la región de 'Four Corners', cerca de importantes depósitos de oro, cobre y sal
El CEO Hratch Jabrayan enfatizó las interesantes oportunidades de nuevos descubrimientos en Glover Island, citando su favorable configuración geológica a lo largo de importantes fallas.
Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF)는 1단계 다이아몬드 시추 작업을 시작했습니다 Glover Island 프로젝트에서 서부 뉴펀들랜드에 있습니다. 회사는 알려진 오로겐 금 시스템의 확장을 목표로 하고 있으며, 여러 킬로미터 길이의 구리 이상 탐사를 하고 있습니다. 주요 하이라이트는 다음과 같습니다:
1. 시추는 'Lucky Smoke'라는 지역의 역사적 금 광산에서 북쪽으로 6km 지점에서 시작되었습니다.
2. 금 침착에 유리한 접촉 영역이 최소 12km의 트렌드에 걸쳐 있습니다.
3. 구리 이상은 Glover Island의 이전에 탐사되지 않은 지역에 있습니다.
4. Glover Island는 주요 금, 구리 및 소금 매장지 근처의 'Four Corners' 지역에 있습니다.
CEO Hratch Jabrayan은 Glover Island에서의 매력적인 새로운 발견 기회들을 강조하며, 주요 단층선을 따라 있는 유리한 지질적 환경을 지적했습니다.
Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) a commencé la Phase 1 de forages diamantés dans son projet Glover Island au Nouveau-Fondland occidental. La société vise à étendre le système aurifère orogénique connu et explore une nouvelle découverte potentielle avec une anomalie cuprifère longue de plusieurs kilomètres. Les points clés comprennent :
1. Les forages ont commencé à 6 km au nord du dépôt d'or historique dans une zone appelée 'Lucky Smoke'
2. Une zone de contact favorable à la déposition d'or s'étend sur une tendance minimale de 12 km
3. L'anomalie cuprifère se trouve dans une zone auparavant inexplorée de Glover Island
4. Glover Island est située dans la région des 'Quatre Coins', près de dépôts majeurs d'or, de cuivre et de sel
Le PDG Hratch Jabrayan a souligné les opportunités d'importantes nouvelles découvertes à Glover Island, citant son cadre géologique favorable le long des principales lignes de faille.
Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) hat die Phase 1 der Diamantbohrungen in seinem Glover Island Projekt im westlichen Neufundland begonnen. Das Unternehmen zielt auf eine Erweiterung des bekannten orogenen Goldsystems ab und untersucht einen möglichen neuen Fund mit einer mehrkilometerlangen Kupferanomalie. Die wichtigsten Highlights sind:
1. Die Bohrungen begannen 6 km nördlich des historischen Goldvorkommens in einem Gebiet namens 'Lucky Smoke'
2. Eine Kontaktzone, die für die Goldablagerung günstig ist, erstreckt sich entlang eines minimalen Trends von 12 km
3. Die Kupferanomalie befindet sich in einem zuvor unerforschten Gebiet von Glover Island
4. Glover Island liegt in der Region 'Four Corners', in der Nähe von wichtigen Gold-, Kupfer- und Salzvorkommen
CEO Hratch Jabrayan betonte die fesselnden neuen Entdeckungschancen auf Glover Island, und verwies auf das günstige geologische Umfeld entlang wichtiger Verwerfungen.
- Commencement of Phase 1 diamond drilling at Glover Island Project
- Potential expansion of known orogenic gold system
- Discovery of multi-kilometre-long copper anomaly in previously unexplored area
- Strategic location in 'Four Corners' region near major deposits
- Financial support from Newfoundland & Labrador Junior Exploration Assistance Program
- None.
VANCOUVER, BC / ACCESSWIRE / September 13, 2024 / Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF)(Frankfurt:W9F) (the "Company" or "Galloper") is pleased to announce that Phase 1 diamond drilling has commenced at the Company's Glover Island Project where Galloper's
Galloper's initial drilling is targeting a significant expansion of the known orogenic gold system at Glover Island, while a potential new discovery is emerging adjacent to the gold trend on the western side of the Island where a multi-kilometre-long copper anomaly has been identified through recent Galloper soil sampling combined with an historic VTEM Survey.
Highlights:
Diamond drilling has started 6 km north of the known historic gold deposit at Glover Island in an area known as "Lucky Smoke" where limited previous exploration has occurred;
Lucky Smoke is one of multiple gold showings at Glover Island where a contact zone, highly favorable for gold deposition, continues along a minimum 12-km trend;
The copper anomaly is in an area of Glover Island never previously explored due to very limited outcrop. Prospecting and mapping are following up on recent soil samples and an historic (2008) VTEM Survey. More information on this early-stage prospect will be provided in the near future once more data is received and interpreted.
Mr. Hratch Jabrayan, Galloper CEO, commented: "Glover Island represents compelling new discovery opportunities well beyond the known historic deposit defined more than a dozen years ago, so we're excited to begin the drilling phase of our work there. Most of Glover Island has never been systematically explored as evidenced by the copper anomaly we've uncovered on the western side of the Island. The convergence of major faults at Glover Island and the widespread presence of ‘the right rocks' is an excellent recipe for a potential large-scale system consistent with what has been observed elsewhere in this ‘Four Corners' region of Western Newfoundland."
Glover Island Geological Setting
Glover Island is situated in very favorable terrane along the regional Baie-Verte Brompton Line-Cabot Fault Zone (BCZ), a major boundary between the Humber and Dunnage Zones.
Glover Island in a Broader Regional Context
62 km south is Caliber Gold's multi-million ounce Valentine Gold mine slated for production beginning in 2025;
55 km due west is the prolific past producing Buchans mine (1928-1984), one of the richest base metal mines in Canadian history, in an area that includes recently defined resources and a number of prospects;
82 km southwest is Atlas Salt's world class Great Atlantic Salt Project advancing toward the construction phase.
Figure 1 - "Four Corners" Region of Western Newfoundland
Investors are cautioned that mineralization on adjacent properties is not necessarily indicative of the mineralization at Glover Island or the potential for a resource.
Phase 1 Diamond Drilling
Galloper's initial drilling at Glover Island is focusing on the Lucky Smoke Showing which resides in the Kettle Pond Formation, approximately 6 km down strike of the known Lunch Pond deposit contiguous to Galloper's claims. Drilling at Lucky Smoke is aimed at confirming and extending both to depth and along strike the gold occurrences identified from limited historic drilling and trenches in this area.
CEO Hratch Jabrayan Video Profile
Click on the following link to learn more about Hratch, Galloper Gold's new CEO.
https://vimeo.com/1007433600/031f977268
Glover Island Property Map
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.
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.
About 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.
On behalf of the Board of Directors,
Mr. Hratch Jabrayan
CEO and Director
Galloper Gold Corp.
Company Contact:
info@gallopergold.com
Tel: 778-655-9266
Investor Relations:
MarketSmart Communications
Tel: 877-261-4466
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. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. 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 accesswire.com
FAQ
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