Galleon Gold Moves West Cache into Execution Phase with Surface Development Underway
Galleon Gold Moves West Cache into
Execution Phase with Surface Development
Underway
Toronto, Ontario--(Newsfile Corp. - January 13, 2026) -
Galleon Gold Corp.
(TSXV: GGO) (FSE: 3H90)
(the "
Company
" or "
Galleon Gold
") is pleased to announce it has initiated surface site development
activities at its wholly owned West Cache Gold Project in Timmins, Ontario ("
West Cache
" or the
"
Project
"), marking a critical step in the Project's transition from permitting to execution. The surface
development program directly supports the planned extraction of an approved 86,500-tonne bulk sample
and represents a key milestone for the Company.
Surface Development Program
Following a competitive request for proposal ("RFP") process, the Company awarded the initial phase
of construction to Aki-Caron, a joint venture between Caron Equipment Inc. ("Caron") and Mattagami
First Nation. Contractor selection prioritized safety performance, environmental stewardship, local and
First Nations participation, cost discipline, scheduling, and execution capability. Caron is a well-
established mine site contractor with more than 40 years of experience supporting mining and
development projects throughout the Timmins region and Northern Ontario.
Initial surface work includes construction of the mine area pad, permanent and temporary access and
haul roads, overburden boxcut excavation, organics and overburden stockpiles, and the start of the water
management infrastructure. The boxcut and portal access are critical path items required to initiate
underground development and extract the approved bulk sample. Certain permanent water management
elements, including settling and polishing ponds, are planned for a subsequent development phase in
the Spring. Figure 1 shows the site plan for surface development activities.
Utilities Infrastructure Progress
Meaningful progress has also been achieved on the Project utilities. Clearing of the corridor for the 27.6
kV distribution line has been completed. Timmins based MCSS Enterprises has been retained for all
high-voltage installation work. Utility poles have been delivered to site, with helicopter-assisted
placement completed. The high-voltage line installation is approximately 60% complete.
Derisked Development
The underground test mining and bulk sampling program is designed to generate critical inputs for future
feasibility studies, including mining methods, geotechnical conditions, and metallurgical performance.
Combined with recently secured financing and strategic partnerships, this work advances West Cache
toward potential development with materially reduced technical and execution risk.
Figure 1 - Surface Development Site Plan
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1014/280121_06e808a4d4f9ca75_001full.jpg
Technical Content and Qualified Person
The technical content of this news release has been reviewed and approved by West Cache Gold
Project Manager Leah Page, P.Geo, 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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