Galleon Gold Announces Start Date for Exploration Drill Program at West Cache Project
Galleon Gold Announces Start Date for
Exploration Drill Program at West Cache
Project
Toronto, Ontario--(Newsfile Corp. - February 18, 2026) -
Galleon Gold Corp.
(TSXV: GGO) (OTCQX:
GGOXF) (FSE: 3H90) (the "
Company
" or "
Galleon Gold"
) is pleased to announce that phase one of
the Company's 2026 exploration diamond drill program at its wholly owned West Cache Gold Project
(the "Project" or "West Cache") in Timmins, Ontario is scheduled to commence on February 23, 2026.
NPLH Drilling of Timmins, Ontario has been contracted to carry out the 18,000-metre program which is
expected to continue through the winter and spring seasons. Drill results will be released as assays are
received, compiled, and validated.
"This drill program represents an important step in our disciplined approach to unlocking additional
value at West Cache
," said
David Russell, CEO of Galleon Gold
.
"With strong geological continuity
demonstrated to date and multiple high-priority targets remaining untested, we believe this drill
program has the potential to meaningfully enhance the scale and quality of the Project."
The drill program is designed to advance the Company's understanding of the geological and structural
controls of the West Cache deposit by targeting extensions of known high-grade zones or trends both
within and adjacent to the current resource envelope. The program aims to expand and/or upgrade
existing Mineral Resources and test high-confidence exploration targets identified through previous
drilling, geological and structural modelling, geochemical and geophysical interpretation. Figure 1
provides an overview of the geological setting and drilling completed to date at West Cache.
Figure 1 – Geology and Historic Drill Hole Locations, West Cache Gold Project, Timmins,
Ontario
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1014/284224_83832b9c94ff4b8e_001full.jpg
Recent drilling programs at West Cache have targeted areas near the southwestern contact of the
Bristol Porphyry with Porcupine Assemblage metasediments where gold and sulphide-bearing conduits
have concentrated mineralization near the margin of the two units. Fragmental textures and interbedding
along with increased deformation within mineralized zones suggest that 1) the two main rock types were
deposited contemporaneously, and 2) secondary mineral controls may have preferentially deposited
mineralization in these areas due to competency contrasts between the two units.
Technical Content and Qualified Person
The technical content of this news release has been reviewed and approved by Leah Page, P.Geo,
West Cache Project Manager and a Qualified Person ("QP") as defined in National Instrument 43-101 –
Standards of Disclosure for Mineral Projects.
About the West Cache Gold Project
The West Cache Gold Project is an advanced-stage gold exploration project covering approximately
11,600 ha located 13 km west of Timmins, Ontario on Provincial Highway 101.
It is situated in the
Western Porcupine Gold Camp along the Destor-Porcupine Fault Zone within the Abitibi greenstone
belt, approximately 7 km northeast of Pan American Silver's Timmins West Mine. The mining lease area
hosts the current Mineral Resource Estimate near the center, with additional exploration targets to the
north and south. The Mineral Resource Estimate is contained within the Porcupine Sedimentary Basin, a
favourable litho-structural corridor with over 5 km of strike-length on the Property. Mineralization is open
in all directions and at depth.
About Galleon Gold
Galleon Gold is advancing the West Cache Gold Project with a disciplined, de-risking strategy centered
on resource growth and an upcoming 86,500-tonne bulk sample program, positioning the Company to
unlock long-term shareholder value. For more information, please visit
www.galleongold.com
.
For further information:
Galleon Gold
R. David Russell
Chairman and CEO
T. (416) 644-0066
Graham Farrell
Investor Relations
T. (416) 842-9003
Forward-Looking Statements
This news release contains certain "forward looking statements", as defined under applicable Canadian
securities laws, that reflect the current views and/or expectations of Galleon Gold with respect to its long-
term strategy, financing plans, proposed work, plans, bulk sample program and other reports including
the PEA for its projects.
Forward-looking statements are based on the then-current expectations, beliefs,
assumptions, estimates and forecasts about the business and the markets in which Galleon Gold
operates.
Some of the statements contained herein may be forward-looking statements which involve
known and unknown risks and uncertainties.
Without limitation, statements regarding the use of the
proceeds of from the Facility, the sufficiency of funds to complete and the completion of the potential
mineralization and resources, exploration results, expectations, plans, and objectives of Galleon Gold
are forward-looking statements that involve various risks.
The following are important factors that could
cause Galleon Gold's actual results to differ materially from those expressed or implied by such forward-
looking statements: changes in the world-wide price of mineral commodities, general market conditions
and uncertainty of access to additional capital, risks inherent in mineral exploration, delays in the receipt
of government approvals, risks associated with development, construction, mining operations and third
party contractor activities,
risks related to unanticipated events related to health, safety and
environmental matters. There can be no assurance that forward-looking statements will prove to be
accurate as actual results and future events may differ materially from those anticipated in such
statements.
Galleon Gold undertakes no obligation to update such forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to
place undue reliance on such forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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