Key facts
| Company | Galleon Gold Corp. (TSXV: GGO) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About Golden Trove Project
Golden Trove is a high grade gold-dominant discrete vein system with at least 5 veins known to date. Test mining in recent years from the top of the historic vein zones exploited near surface stockwork veining left behind by previous operators. Most of the veins are parallel and strike north-easterly with moderate southerly dips within a regionally extensive fault system, probably related to the nearby Trans-Challis fault zone. Veining consists of quartz- white mica- clay, with the better gold grades directly related to iron oxides after pyrite near surface and pyrite at depth. The primary host rock is a fairly uniform Cretaceous-age biotite granodiorite that is part of the southern margin of the extensive Atlanta Lobe of the Idaho Batholith. Tertiary-age bi-modal lamprophyre and rhyolite dikes intrude the same faults that host the vein zones; a common theme in many other gold mines in the region.
News releases1 on file
Galleon Gold Converts Neal Project Lease Agreement to Purchase Agreement
A purchase agreement with Daisy Mining & Land LLP will see Galleon Gold acquire seven patented lode claims in Idaho, five of which form the nucleus of the Neal Gold Project, through new Idaho subsidiary Golden Trove, LLC. Golden Trove will make five yearly payments of US$250,000 starting May 1, 2024 and ending May 1, 2028, totalling US$1,250,000, with Daisy receiving $3.00 per ton of material remo
Acquisition