Galloper Gold Awarded Glover Island EML
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) ha ottenuto una significativa Licenza Mineraria per Terreni Minerali Esenti (EML) dal Governo di Terranova e Labrador per la storica risorsa Lunch Pond South Extension (LPSE) sull'Isola Glover.
La nuova proprietà acquisita si estende su 1.926 ettari e contiene una risorsa storica di circa 178.800 once d'oro nelle categorie indicate e inferite. Il deposito LPSE fa parte della tendenza Glover Island Trend (GIT) di 11 km, che ospita 17 prospettive di oro, metalli di base, nichel e minerali polimetallici. La posizione strategica della proprietà lungo la Faglia Cabot, vicino a diverse miniere produttive, ne accresce il valore potenziale.
L'azienda prevede di avviare un programma di esplorazione nell'autunno 2025, concentrandosi sull'espansione degli intercetti Lucky Smoke del 2024 e conducendo perforazioni per l'espansione e la definizione del deposito LPSE.
Galloper Gold Corp (OTC:GGDCF) ha asegurado una importante Licencia Mineral para Tierras Exentas (EML) del Gobierno de Terranova y Labrador para el histórico recurso Lunch Pond South Extension (LPSE) en la Isla Glover.
La propiedad recién adquirida abarca 1,926 hectáreas y contiene un recurso histórico de aproximadamente 178,800 onzas de oro en categorías indicadas e inferidas. El depósito LPSE forma parte de la tendencia Glover Island Trend (GIT) de 11 km, que alberga 17 prospectos de oro, metales base, níquel y minerales polimetálicos. La ubicación estratégica de la propiedad a lo largo de la Falla Cabot, cerca de varias minas productivas, aumenta su valor potencial.
La compañía planea iniciar un programa de exploración en el otoño de 2025, enfocándose en expandir los interceptos Lucky Smoke de 2024 y realizar perforaciones para la expansión y definición del depósito LPSE.
Galloper Gold Corp (OTC:GGDCF)는 뉴펀들랜드 앤 래브라도 정부로부터 역사적인 Lunch Pond South Extension (LPSE) 자원이 위치한 글로버 아일랜드에 대한 중요한 면제 광물 토지(EML) 광물 라이선스를 확보했습니다.
새로 획득한 부지는 1,926 헥타르에 달하며, 표시 및 추정 카테고리에서 약 178,800 온스의 금의 역사적 자원을 포함하고 있습니다. LPSE 광상은 11km 길이의 글로버 아일랜드 트렌드(GIT)의 일부로, 17개의 금, 기본 금속, 니켈 및 다금속 광물 전망지를 포함합니다. 카봇 단층을 따라 여러 생산 광산 근처에 위치한 이 부지의 전략적 위치는 잠재 가치를 높입니다.
회사는 2025년 가을에 탐사 프로그램을 시작할 계획이며, 2024년 Lucky Smoke 시추 결과를 확장하고 LPSE 광상의 확장 및 정의를 위한 시추 작업에 집중할 예정입니다.
Galloper Gold Corp (OTC:GGDCF) a obtenu une importante licence minérale pour terres exemptées (EML) du gouvernement de Terre-Neuve-et-Labrador pour la ressource historique Lunch Pond South Extension (LPSE) sur l'île Glover.
La propriété nouvellement acquise s'étend sur 1 926 hectares et contient une ressource historique d'environ 178 800 onces d'or dans les catégories indiquées et présumées. Le gisement LPSE fait partie de la tendance Glover Island Trend (GIT) de 11 km, qui comprend 17 prospects de minéraux d'or, de métaux de base, de nickel et polymétalliques. L'emplacement stratégique de la propriété le long de la faille Cabot, à proximité de plusieurs mines productives, renforce son potentiel de valeur.
La société prévoit de lancer un programme d'exploration à l'automne 2025, en se concentrant sur l'expansion des interceptions Lucky Smoke de 2024 et en réalisant des forages pour l'expansion et la définition du gisement LPSE.
Galloper Gold Corp (OTC:GGDCF) hat von der Regierung von Neufundland und Labrador eine bedeutende Mineral-Lizenz für Exempt Mineral Lands (EML) für die historische Lunch Pond South Extension (LPSE) Ressource auf der Glover Island erhalten.
Das neu erworbene Grundstück erstreckt sich über 1.926 Hektar und enthält eine historische Ressource von etwa 178.800 Unzen Gold in den Kategorien angezeigt und abgeleitet. Die LPSE-Lagerstätte ist Teil des 11 km langen Glover Island Trend (GIT), der 17 Gold-, Basismetall-, Nickel- und polymetallische Mineralvorkommen beherbergt. Die strategische Lage des Grundstücks entlang der Cabot-Verwerfung, in der Nähe mehrerer produktiver Minen, erhöht seinen potenziellen Wert.
Das Unternehmen plant, im Herbst 2025 ein Explorationsprogramm zu starten, das sich auf die Erweiterung der Lucky Smoke-Abschnitte von 2024 und Bohrungen zur Erweiterung und Definition der LPSE-Lagerstätte konzentriert.
- Acquisition of EML license adds historic 178,800 oz Au indicated and inferred resource
- Property contains 17 mineral prospects across an 11km mineralized corridor
- Strategic location near productive mines along the Cabot Fault
- Financial support received from Government's Junior Exploration Assistance Program
- Historic resource estimate from 2017 requires updating
- Exploration results from adjacent properties may not indicate similar mineralization at Glover Island
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) (the "Company" or "Galloper") is pleased to announce that the Government of Newfoundland and Labrador has awarded the Exempt Mineral Lands (EML) Mineral Licence containing the historic Lunch Pond South Extension ("LPSE") Resource on Glover Island to Galloper Gold Corp.
The company has been awarded the EML through the RFP process that began in November 2024. The property covers an area of 1,926 hectares and contains the ~178,800oz. Au indicated and inferred LPSE resource delineated by Mountain Lake Minerals in 2012.
The LPSE deposit is located at the south-western portion of an 11 km mineralized corridor known as the Glover Island Trend (GIT). This prospective GIT is host to 17 gold, base metal, nickel, and polymetallic minerals prospects. In addition, numerous gold anomalies cross several rock types adjacent to a major tectono-structural break known as the Cabot Fault. Adding to the prospectivity of the GIT, The Ming Mine, Tilt Cove Mines, Nugget Pond Mine and Pine Cove Mine are situated strike-north on this fault on the Baie Verte peninsula showing the prolific mineralized nature of this major structure on which the Glover Island property sits.
Galloper Gold's CEO, Mr. Hratch Jabrayan, commented: "The acquisition of the historic LPSE deposit and the highly prospective geology connecting with Galloper's current Lucky Smoke prospect positions Galloper Gold's Glover Island property as the next major frontier of gold deposits, development, and mining in Canada. We are thrilled with the awarding of the EML which immediately adds a known 43-101 resource to our already promising portfolio. We have an exciting period ahead of us, and I am looking forward to continuing to bring value to our shareholders through the strategic implementation of our business and operational plans."
The historic LPSE resource table below highlights the mineral resource estimate from 2017:
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11683/260833_c73fb067d49e0953_002full.jpg
Figure 1 - Gold Trends, Mining Region of Western Newfoundland
Investors are cautioned that mineralization on adjacent properties is not necessarily indicative of the mineralization at Glover Island or the potential for a resource.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11683/260833_c73fb067d49e0953_003full.jpg
The company now has control of the mineralized portion of the Island which contains over 40 mineral occurrences including the Copper anomaly and the Lucky Smoke showing which the company successfully drilled in 2024.
The company is excited to announce that an exploration program will begin this fall expanding on the 2024 intercepts at Lucky Smoke, drilling expansion and definition of the LPSE deposit, and drilling other prospects within the newly minted Mineral Licence, formerly the EML.
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Peter Lauder, P.Geo., Director for Galloper Gold. Mr. Lauder is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
Acknowledgment – Newfoundland & Labrador Junior Exploration Assistance Program
Galloper Gold acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.
About Galloper Gold Corp.
Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its flagship Glover Island Property, 24 km southeast of Corner Brook, and its Mint Pond prospect in the Gander area. Galloper recently completed the first diamond drilling program at Glover Island since 2012, completing six holes with results pending.
For more information please visit www.GalloperGold.com and the Company's profile on SEDAR+ at www.sedarplus.ca.
On behalf of the Board of Directors,
Mr. Hratch Jabrayan
CEO and Director
Galloper Gold Corp.
Company Contact:
info@gallopergold.com
Tel: 778-655-9266
Investor Relations:
MarketSmart Communications
Tel: 877-261-4466
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally, risks related to capital markets, risks related to the state of financial markets or future metals prices and the other risks described in the Company's publicly filed disclosure.
Management has provided the above summary of risks and assumptions related to forward-looking statements in this news release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260833
FAQ
What is the size of the gold resource acquired by Galloper Gold (GGDCF) at Glover Island?
How large is the Glover Island property acquired by Galloper Gold?
What are Galloper Gold's exploration plans for the Glover Island property?
How many mineral prospects are contained within the Glover Island Trend?
What government support is Galloper Gold receiving for the Glover Island project?
