Galloper Gold Corp Stock Price, News & Analysis

Galloper Gold Corp (OTC:GGDCF) has secured a significant Exempt Mineral Lands (EML) Mineral License from the Government of Newfoundland and Labrador for the historic Lunch Pond South Extension (LPSE) Resource on Glover Island.

The newly acquired property spans 1,926 hectares and contains a historic resource of approximately 178,800 oz of gold in indicated and inferred categories. The LPSE deposit is part of the 11km Glover Island Trend (GIT), which hosts 17 gold, base metal, nickel, and polymetallic minerals prospects. The property's strategic location along the Cabot Fault, near several productive mines, enhances its potential value.

The company plans to launch an exploration program in fall 2025, focusing on expanding the 2024 Lucky Smoke intercepts and conducting drilling for expansion and definition of the LPSE deposit.

Galloper Gold Corp. (OTC:GGDCF) has appointed Bryan Sparrow, P.Geo. as Vice President of Geology and Exploration. Sparrow brings 20 years of experience in Newfoundland and Labrador across various geoscientific disciplines. He holds a B.Sc. from Memorial University and is a registered Professional Geoscientist.

As part of his compensation package, Sparrow has been granted 300,000 stock options at an exercise price of $0.08 per share, vesting over 24 months. The company, focused on the Central Newfoundland Gold Belt, recently completed its first diamond drilling program at Glover Island since 2012 and is preparing for an expanded drilling program in 2025.

Galloper Gold Corp. (OTC:GGDCF) has successfully completed a non-brokered private placement with Dundee Precious Metals Inc. (TSX:DPM). The placement involved issuing 5,000,000 common shares at $0.05 per share, raising total gross proceeds of $250,000.

The proceeds will be used to fund exploration activities at the company's flagship Glover Island property, scheduled to begin in Q3 2025, and for working capital needs. No finder's fees were paid, and the issued securities are subject to a four-month statutory hold period.

Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) has secured a strategic investment from Dundee Precious Metals Inc. through a non-brokered private placement. The deal involves 5 million common shares at $0.05 per share, raising total proceeds of $250,000.

The proceeds will fund exploration activities at the company's flagship Glover Island property, scheduled to begin in Q3 2025, and support working capital needs. The private placement includes no warrants or finder's fees and is subject to CSE approval with a four-month statutory hold period.

Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) has announced the grant of incentive stock options to one of its officers and directors. The grant consists of 500,000 common shares with an exercise price set at $0.05 per share. These options have been issued under the company's omnibus equity incentive plan and will remain exercisable for a period of 12 months.

Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) has appointed Stephen Shea, former Managing Partner of Talent at Ernst & Young, to its Board of Directors. Shea brings extensive experience from his 12-year tenure on EY's Executive Committee (2010-2022) and significant background in the gold mining industry, including work with Dome Mines Group (now Barrick Gold). His expertise includes experience with exploration projects, mine construction, and acquisitions. Shea holds a BSc from University of Toronto, an MBA from Schulich School of Business, and is a Harvard Senior Leadership Program graduate. The appointment comes as Galloper advances its flagship Glover Island asset in Newfoundland, where the company recently completed six diamond drill holes in 2024 and plans for an expanded drilling program in 2025. Mark Scott has resigned from the board to accommodate Shea's appointment.

Galloper Gold has successfully closed its non-brokered private placement, raising gross proceeds of $142,763 through the issuance of 3,482,024 units at $0.041 per unit.

Each unit comprises one common share and one-half of a Common Share purchase warrant. The full warrants can be exercised to purchase one Common Share at $0.05 within 12 months from issuance.

The company paid Ventum Financial finder's fees of $2,601.04 in cash and 63,440 finder's warrants. These non-transferable warrants are exercisable at $0.05 per Common Share for 12 months.

The proceeds will support general working capital purposes. All securities issued are subject to a four-month statutory hold period. The offering excludes U.S. distribution without proper registration or exemption.

Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has announced plans to commence an exploration program for a copper prospect on its Glover Island property in Newfoundland. The program will focus on investigating a VTEM anomaly on the western side of the property, which spans approximately 3.5 kilometers with an additional 3 kilometers of resistivity lows.

The exploration initiative will involve a geological survey and sampling program conducted over two weeks, utilizing three crews of geologists and technicians based in Deer Lake. The target area, situated in the Grand Lake Complex, remains largely underexplored with no previous documented sampling or drilling by the government.

The company's Glover Island Property consists of 532 mining claims covering 13,300 hectares, while its Mint Pond property comprises 499 claims totaling 12,475 hectares, both located in the Central Newfoundland Gold Belt.

Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has announced a non-brokered private placement to raise up to $150,000 through the issuance of 3,658,537 units at $0.041 per unit. Each unit comprises one common share and half a warrant, with each full warrant exercisable at $0.05 for 12 months from issuance.

The company plans to use the proceeds for general working capital purposes. The private placement requires CSE approval, and all securities will have a four-month and one-day hold period. Galloper may pay finder's fees to eligible finders. The company has discontinued its previously announced private placement of units at $0.05 per unit.