The latest update is out from Galleon Gold ( (TSE:GGO) ).
Galleon Gold has received approval from Ontario’s Ministry of Energy and Mines to proceed with an advanced exploration bulk sample program at its West Cache Project. This approval is a significant milestone, enabling the company to extract an 86,500-tonne bulk sample, which will provide crucial data for pre-feasibility studies and help derisk future mine development. The approval also allows Galleon Gold to begin site preparation and pre-development activities, marking a key step forward in unlocking the project’s potential.
More about Galleon Gold
Galleon Gold is an advanced exploration and development company focused on the West Cache Gold Project in Timmins, Ontario. The project is strategically located near significant mining operations, including Pan American Silver’s Timmins West Mine and Newmont’s Hollinger Mine.
YTD Price Performance: 41.67%
Average Trading Volume: 63,442
Technical Sentiment Signal: Sell
Current Market Cap: C$17.26M
For a thorough assessment of GGO stock, go to TipRanks’ Stock Analysis page.