Welcome to our dedicated page for Galloper Gold news (Ticker: GGDCF), a resource for investors and traders seeking the latest updates and insights on Galloper Gold stock.
Galloper Gold Corp (GGDCF) is a mineral exploration company focused, according to its public disclosures, on gold and base metals projects in Newfoundland’s Central Newfoundland Gold Belt. Its news flow centres on the advancement of the Glover Island Property and the Mint Pond prospect, along with corporate and capital markets developments.
On this page, readers can review Galloper’s reported exploration milestones, such as the first diamond drilling program at Glover Island since 2012 and the evaluation of historic gold-mineralized prospects along the Lunch Pond South Extension (LPSE) trend. The company’s releases also describe helicopter-supported field visits, assessment of historic drill core, and the integration of newly acquired claims hosting prospects like Keystone and Jacomar.
Galloper’s news also covers corporate transactions and governance updates. Examples include the acquisition of additional mineral licences on Glover Island, incentive stock option grants to officers and consultants under its omnibus equity incentive plan, and a debt settlement completed through the issuance of common shares, which the company identifies as a related party transaction under Multilateral Instrument 61-101. Board changes and acknowledgments of support from the Newfoundland & Labrador Junior Exploration Assistance Program are also documented.
For investors and observers tracking a junior exploration issuer, Galloper’s announcements provide insight into property acquisitions, land position growth, historic resource context at LPSE, and the company’s stated plans for ongoing exploration programs. This news page allows users to follow how Galloper describes the evolution of its projects and corporate structure over time.
Galloper Gold Corp. (OTC Pink: GGDCF) has completed the acquisition of four mineral claims in one mineral licence on Glover Island, Newfoundland. The acquisition expands the company's Lucky Smoke prospect by 400 meters and includes the Keystone and Jacomar prospects.
Key highlights include surface trenching values up to 11.5g/t Au from historic exploration campaigns and significant drill results of up to 18.79g/t Au at Lucky Smoke in 2024. The acquisition connects to Galloper's recently awarded 178,800oz Au 43-101-compliant Lunch Pond South Extension resource. The company's total mineral holdings on Glover Island now cover 122km².
The purchase terms include a lump sum payment and a 1% NSR with a $250,000 buyback provision.
Galloper Gold Corp. (OTC Pink: GGDCF) has announced a stock option grant to company officers. The grant consists of 1,750,000 incentive stock options with an exercise price of $0.085 per common share. The options have a validity period of 24 months and were granted under the company's omnibus equity incentive plan.
Galloper Gold Corp. (OTC Pink: GGDCF) has announced the appointment of Souren Sarkissov to its Board of Directors. Sarkissov brings over 25 years of experience as a Toronto-based entrepreneur and investor, with expertise in building and managing private companies.
Sarkissov currently serves as Chairman of the Board of a privately held multi-national Oil and Gas company and is CEO of a Toronto-based enterprise. He holds a master's degree in electrical engineering. To accommodate this appointment, Nader Elm has resigned from the Board.
The company also acknowledged receiving financial support from the Junior Exploration Assistance Program from the Government of Newfoundland and Labrador.Galloper Gold Corp. (OTC: GGDCF) has been awarded the Exempt Mineral Lands (EML) Mineral License containing the historic Lunch Pond South Extension (LPSE) Resource on Glover Island. The property spans 1,926 hectares and includes a historic gold resource of approximately 178,800 oz Au.
The resource, based on a 2017 technical report, includes indicated resources of 993,000t at 1.72g/t Au (open-pit) and 36,000t at 2.99g/t Au (underground). Inferred resources comprise 1,703,000t at 1.59g/t Au (open-pit) and 373,000t at 2.78g/t Au (underground).
The LPSE deposit is part of the 11km Glover Island Trend, which hosts 17 gold, base metal, nickel, and polymetallic minerals prospects. The company plans to begin an exploration program this fall.
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.