Galactic Gold to Option Sturgeon Bridge Properties; Contiguous with the Hardrock West Properties in Ontario
Galactic Gold to Option Sturgeon Bridge
Properties; Contiguous with the Hardrock
West Properties in Ontario
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - Galactic Gold Corp. (TSXV: GGAU)
("Galactic" or the "Company") is pleased to announce the it has entered into an option agreement to
acquire a 100% ("Agreement") undivided interest in 74 contiguous, mining claims, the Sturgeon Bridge
Claims (37 units), the March Mineral Claims (8 Units), Kenogamisis Prospect Claims (2 Units) and the
Mag Extension (27 units) also known as the "Sturgeon Bridge Properties" in the Geraldton township in
the province of Ontario, representing a total area of approximately 11,600 hectares.
Transaction details
Galactic has the exclusive right and option to earn 100% interest in the Sturgeon Bridge Properties by
providing the optionors with consideration in the form of cash and common shares in the capital of
Galactic, as set forth below:
Date for Completion
Cash
Number of
Shares
On signing of this Agreement
$20,000
568,750
First year anniversary
$40,000
568,750
Second year anniversary
$60,000
568,750
Third year anniversary
$80,000
568,750
TOTAL
$200,000
2,275,000
Pursuant to the Agreement, the optionors will transfer the properties to the Company upon payment of
the final cash consideration payable on the third anniversary of the Agreement and will retain a 2% NSR
on the Sturgeon Bridge Properties. Galactic shall have the exclusive right and option to purchase 1% of
the NSR for $1,000,000 at any time after earning a 100% interest and retain a first right of refusal on the
remaining 1% NSR.
The optionors are arms length to the Company and the transaction remains subject
to the approval of the TSX Venture Exchange, and standard closing conditions for transactions of this
nature.
Sturgeon Bridge Property Description
Gold mineralization at the Sturgeon Bridge Properties (MDI42E11NW00003) was first discovered in
1934 and a 5 hole drill program consisting of 395m was completed in 1955 that intersected light to
heavy pyrite and chalcopyrite mineralization in a zone of sheared greenstone with numerous quartz
stringers (MDI42E11NW00003). Kodiak Exploration Ltd. completed 2,565m in 9 diamond drillholes on
the property in 2008. Assay highlights from the 2008 program are taken from the Kodiak Exploration
diamond drill report (File ID: 20000004143) and include:
2.53 g/t Au over 1.6 m in SB08-03;
1.75 g/t Au and 9.56 g/t Ag over 3.8 m in SB08-05;
66.7 g/t Au over 0.3 m in SB08-13; and
1.19 g/t Au over 4.3 m in SB08-14.
MDI42E11NW00003 describes the main zone at Sturgeon Bridge as striking approximately 240
degrees with a variable width from 6 to 23 m along a 490 m strike length. At one point along a 48 m
north-trending trench, visible gold was found within brecciated portions of the quartz veins
(MDI42E11NW00003).
Although gold is the primary commodity, polymetallic quartz veining occurs with the structure and patches
of chalcopyrite were observed in quartz-breccia zones that contain 1045 ppm Zn in a gossan zone in the
eastern exposure (Mason and White, 1992). Surface grab samples returned 1211 ppm Cu and 43 ppm
Zn from 91-MFC-7 and 240 ppm Cu and 1045 ppm Zn from 91-MFC-9 (MDI42E11NW00003).
Prospecting by Onchulenko and Gehrels in 2018 returned 6.5 g/t Au and the mineralized zone has been
traced for over 2 km strike length on the property (MDI42E11NW00003).
Properties Located On Proven Mineralized Orogenic Gold Structures
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11968/292689_ab38cfbb54935884_002full.jpg
Qualified person
Jason Arnold, P.Geo., President of DCX Geological Consulting and an independent Qualified Person as
such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has
reviewed and approved the geological information reported in this news release. The Qualified Person
has not completed sufficient work to verify the historical sampling on the property and historical results
reported may not be representative of expected results.
About Galactic Gold Corp.
Galactic Gold Corp. is a resource development company focused on unlocking the full potential of its
100%-owned Hardrock West Property, located in the top tier mining jurisdiction of Ontario. Galactic Gold
is positioned between Equinox Gold Greenstone Mine and Equinox's Brookbank Deposit along what
Laurentian University in its Metal Earth Research has identified super structures across the Galactic
Gold Property underscoring the Project's strong value-creation potential.
For further information, please contact:
Kenneth Berry,
or
Frank Lagiglia,
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release may contain forward-looking statements that are based on the Company's current
expectations and estimates. Forward-looking statements are frequently characterized by words such as
"plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other
similar words or statements that certain events or conditions "may" or "will" occur, and include, without
limitation, statements regarding the Company's current plans and business objectives. Such forward-
looking statements involve known and unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or anticipated events or results implied or
expressed in such forward-looking statements. Such forward-looking statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking
statements are based on a number of assumptions which may prove to be incorrect, including, but not
limited to: assumptions regarding future metals prices, debt and equity financing market conditions,
receipt of regulatory approvals, and other factors. The cautionary statements qualify all forward-looking
statements attributable to the Company and persons acting on its behalf. Any forward-looking statement
speaks only as of the date on which it is made and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any forward- looking statement, whether
as a result of new information, future events or results or otherwise. More particularly, this news release
contains statements concerning the anticipated Private Placement. Accordingly, there is a risk that the
Private Placement will not be completely sold, or the Private Placement will be completed within the
anticipated time or at all. There can be no assurance that forward-looking statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in such
statements. Accordingly, undue reliance should not be put on such statements due to the inherent
uncertainty therein.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/292689