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Galloper Gold Corp ( (TSE:BOOM) ) has provided an announcement.
Galloper Gold Corp. has engaged P&E Mining Consultants to update the NI 43-101 compliant mineral resource estimate for its 100%-owned Lunch Pond South Extension gold deposit on Glover Island in Newfoundland. The new work will revisit the 2017 resource, originally calculated using a US$1,210 per ounce gold price, with results expected in the second quarter of 2026.
The updated estimate is intended to redefine economic ore zones, including revised grade constraints and pit-shell geometry, reflecting today’s higher gold price environment. By retaining the same independent firm that completed the 2017 study, Galloper aims to advance the technical and economic evaluation of the project, potentially strengthening the asset’s development case and its positioning within a highly prospective regional gold trend.
More about Galloper Gold Corp
Galloper Gold Corp. is a Canadian mineral exploration company focused on advancing its 100%-owned Glover Island gold property in Newfoundland. The flagship Lunch Pond South Extension deposit lies within the 11 km Glover Island Trend, a mineralized corridor hosting multiple gold and polymetallic prospects along the Cabot Fault, a regionally significant structure associated with several past-producing mines.
Average Trading Volume: 85,301
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$4.58M
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