Explor Resources Inc. (fka EXSFF)

[douginil]

Galleon Gold begins phase one drilling at West Cache

2020-06-29 08:17 ET - News Release

Mr. R. David Russell reports

GALLEON GOLD COMMENCES DRILLING AT THE WEST CACHE GOLD PROJECT, TIMMINS ONTARIO.

Phase one drilling has commenced at Galleon Gold Corp.'s 100-per-cent-owned West Cache gold project, located 13 km west of Timmins, Ont. The phase one program is projected to consist of approximately 4,000 metres of infill diamond core drilling. This initial drilling is designed to provide better definition and confirm geological continuity of mineralized gold zones in contemplated open-pit areas, while providing a nominal 50-metre drill spacing. Approximately 30 holes with an average depth of 130 metres will be completed. The drilling contract has been awarded to NPLH Drilling of Timmins, Ont. NPLH has extensive experience with diamond drilling contract work at the project.

The company plans to follow the phase one core drilling program with a second and third phase of core drilling for a total of 15,000 metres. The second phase of core drilling will explore known zones of deeper, high-grade gold mineralization for underground exploration and mine planning, and follow up on any newly identified targets from phase one. Results from the three-phase core drilling program will be used to update the 2013 National Instrument 43-101 mineral resource and support the development of a preliminary economic assessment (PEA).

R. David Russell commented: "We are very pleased to start this next phase in the development of the West Cache gold project. Building upon the existing extensive drill hole database we have been able to design a program that will lead to the completion of a preliminary economic assessment (PEA). We believe the PEA when completed should set the parameters for the next open-pit and underground gold mine to be built in the West Timmins gold camp."

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https://www.stockwatch.com/News/Item?bid=Z-C%3aGGO-2927056&symbol=GGO®ion=C