Galore Announces Update ON the DOS Santos Project
GRI: TSX-V
GALOF: OTCQB
Mailing Address: 2701 Little Elm Parkway, Suite 100 #512 | Little Elm, Texas, USA | 75068
Tel: (210) 860-9212 | Fax: (604) 648-8894 | www.galoreresources.com
FOR IMMEDIATE RELEASE April 23, 2025
GALORE ANNOUNCES UPDATE ON THE DOS SANTOS PROJECT
Vancouver, BC – Galore Resources Inc. (TSX-V: GRI) (“Galore” or the “Company”) is pleased
to provide an update on ongoing activities at its 100%-owned Los Gemelos / Duraznillo Property,
part of the Dos Santos Project in Mexico. Drilling continues as planned, with a total of 5,000
meters targeted. The initial drill core is visually encouraging and is currently being logged and
prepared for shipment to an accredited laboratory for assay analysis.
Geological Insight:
“The abundance of structural features and veinlets provides an effective plumbing system for
mineralizing fluids. Combined with the presence of two intrusive stocks acting as a proven heat
source, widespread argillic alteration, anomalous gold values, and evidence of copper
mineralization leaking along fractures and faults, all geological indicators point toward a
significant copper-gold target. Ongoing and future drilling will be critical in determining the true
size and extent of this potential deposit.”
— Gustavo Narvaez, Geologist
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Mailing Address: 2701 Little Elm Parkway, Suite 100 #512 | Little Elm, Texas, USA | 75068
Tel: (210) 860-9212 | Fax: (604) 648-8894 | www.galoreresources.com
In the Works:
• Gold and Precious Metals Processing at Duraznillo:
Galore is preparing to begin processing more than 25,000 tonnes of crushed, mineralized
mined rock currently on surface at its Duraznillo mine. Laboratory results, bottle roll
testing, and metallurgical analyses have all returned favorable outcomes, indicating strong
potential for generating significant revenue.
• Joint Venture Discussions:
The Company is in active discussions with qualified joint venture partners to advance
exploration activities and initiate an aggressive drilling campaign targeting two well -
defined mineralized zones.
• Ore-Sorting Technology:
Galore is engaged in discussions with a technical manufacturer to implement an ore-sorting
pre-concentration plant. This technology is expected to improve feed grade, reduce energy
and water usage, and enhance overall mineral recovery efficiency.
• Satellite Imaging at Los Gemelos:
The Company has received a proposal to deploy satellite imaging technology at the Los
Gemelos area. A verbal commitment from an investor —who has personally seen this
technology yield time and cost savings in a successful mineral discovery—has been made
to fund this initiative.
• Drilling Expansion:
Discussions are ongoing with a group to mobilize two additional diamond core drill rigs to
the Los Gemelos/Duraznillo region, further expanding the Company’s exploration
capacity.
Galore’s management team is highly encouraged by the progress and opportunities ahead. Backed
by a team of experienced and dedicated professionals, the Company is not only advancing its
efforts at Los Gemelos but also preparing to apply this aggressive exploration and development
strategy across additional targets within the 14,400-hectare Dos Santos Project.
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Mailing Address: 2701 Little Elm Parkway, Suite 100 #512 | Little Elm, Texas, USA | 75068
Tel: (210) 860-9212 | Fax: (604) 648-8894 | www.galoreresources.com
Qualified Person
The technical content of this release has been reviewed and approved by independent Geologist,
Mr. Roberto García Peralta, a “Qualified Person” as defined under Canadian National Instrument
43-101.
ON BEHALF OF THE BOARD
“Michael McMillan”
Chief Executive Officer
For Further Information about Galore Resources,
Please visit the Company's website at www.galoreresources.com or contact Mike McMillan, by
telephone (210-860-9212) or email at [email protected].
About Galore Resources
Galore Resources is a mineral exploration and development company whose focus is to develop significant mineral
discoveries, which are supported by a sustainable business model. Our goal is to discover a world -class gold deposit
in Mexico. Our flagship project is located in the heart of the Concepcion del Oro Mining District, the Dos Santos
Project, which covers two known historic gold zones, is on trend with Newmont’s Peñasquito Mine, and based on past
drilling, trenching, and an airborne geophysical survey, has the potential to host several bulk tonnage gold deposits.
Neither the 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 includes “forward -
looking statements” and “forward -looking information” within the meaning of Canadian securities legislation. All statements
included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements
include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticip ate",
"believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may",
"will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s goals for
2025, the receipt of the assays, geological interpretations, the quality of results from the assays; the proposed nature, size, timing,
targets and impact of the Company’s planned drilling program at Los Gemelos , anticipated drill and exploration results; the
estimation of mineral resources; magnitude or quality of mineral deposits; anticipated advancement of mineral properties or
programs; future operations; mine plans; future exploration prospects; the completion and timing of technical reports; future growth
potential of Galore Resources and future development plans for the Los Gemelos / Duraznillo deposit and the overall Dos Santos
Project. In addition, the Company’s ability to raise funds necessary to continue to conduct further drill programs at its Mexican
mineral properties and the timing thereof, the prospective deposits, targets and mineralization at the properties and the anticipated
receipt and timing of necessary governmental or third-party approvals and permits.
Such forward-looking information reflects management’s current beliefs and is based on a number of estimates and assumptions
made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed
or implied by such forward-looking information. Readers are cautioned that such forward-looking information is neither a promise
nor guarantee, and is subject to known and unknown risks and uncertainties including, but not limited to, delays in obtaining
governmental or third party approvals and permits, actual results of exploration activities, unanticipated geologic formation s,
structures and characteristics, environmental risks, future prices of base and other metals, operating risks, accidents, labo r issues,
and other risks in the mining industry as well as general business, economic, competitive, political and social uncerta inties,
uncertain and volatile equity and capital markets and lack of available capital. All forward -looking information contained in this
news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at
www.sedar.com. For OTCQB quotes and filings, please visit www.otcmarkets.com. Accordingly, readers should not place undue
reliance on forward -looking information. The Company disclaims any intention or obligation to update or revise any forward -
looking information, whether as a result of new information, future events or otherwise, except as required by law.