Galleon Gold Corp

Description

Galleon Gold Corp is a TSX Venture-listed gold developer advancing the West Cache Gold Project near Timmins, Ontario, its flagship 100%-owned asset, toward underground production. A 2026 PEA outlined an 11-year mine life at 2,400 tonnes per day, average annual production of 85,500 oz, initial capex of C$150 million, AISC of US$987/oz, and an after-tax NPV5% of C$240 million with a 26.7% IRR at a conservative US$1,700/oz gold price assumption.

The company has since moved into underground development, completing the box cut and beginning ramp excavation in September 2026, with a bulk sample program targeting the high-grade Zone #9 at approximately 8.13 g/t gold, roughly double the indicated resource grade of 4.16 g/t. A 2025 capital raise of approximately C$91.5 million fully funds the bulk sample program and feasibility-level work ahead of a formal construction decision. The company's second asset, the Neal Idaho Gold Project, is an earlier-stage exploration property held with controlling shareholder Eric Sprott.

List of projects
1. West Cache Gold Project - 100% interest, Timmins, Ontario, Canada; metals: Gold.
2. Neal Idaho Gold Project - Idaho, USA; metals: Gold.

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List of projects

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