Impact: Mildly Positive
Galleon Gold reported additional drill results from its 100%-owned West Cache Au property near Timmins, Ontario. Results indicate that high-grade Au has been intersected in all three target areas that were being drilled as part of the company’s Phase II drilling program. With funding in hand and a Phase II 15,000m drill program well underway, Galleon is positioned to release a PEA on the West Cache property along with a resource update early in Q2.