Galloper Gold Corp. reports mineral exploration developments for its gold-focused properties in the Central Newfoundland Gold Belt, led by the Glover Island project. Company news centers on the Lunch Pond South Extension deposit, NI 43-101 mineral resource estimates, geophysical evaluation, drilling targets, and regional prospects such as Lucky Smoke and Mint Pond.
Recurring updates also cover private placements, debt settlements, option grants, insider share transactions, and marketing or capital-markets agreements tied to its exploration-stage financing and governance activities.
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 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.
Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) announced the continuation of its non-brokered private placement, with the second tranche expected to close by March 18, 2025. The company previously closed the first tranche on January 27, 2025, raising $200,000 through the issuance of 4,000,000 Units.
Each Unit comprises one common share and one-half of a Common Share purchase warrant. Each full warrant can be exercised to purchase one Common Share at $0.075 within 12 months from issuance. The company may pay finders' fees to eligible finders, subject to securities laws and CSE policies.
The proceeds will be used to advance the Glover Island asset, cover general and administrative expenses including marketing and investor relations, and provide working capital. All securities issued will have a four-month and one-day statutory hold period from the closing date.