Mining News
Backed by Eric Sprott, Galleon Gold initiates permitting at West Cache
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| Drilling on West Cache project, Ontario. Image credit: Galleon. |
(Kitco News) - Galleon Gold (TSXV: GGO) announced on Wednesday that it has initiated baseline studies and permitting programs at its 100% owned West Cache gold project in Timmins, Ontario.
Story Environmental in collaboration with Blue Heron Environmental have been engaged by the company to conduct environmental baseline studies and assist with the permitting process.
According to the announcement, commencing the process at this early stage will ensure that all critical path items required for the submission of a mine closure plan will be completed by the time the company is ready to proceed with a bulk sample.
President and CEO R. David Russell commented, “Permitting a mining project is a multi-faceted process that requires a significant amount of time for planning, data collection and consultation. We are committed to advancing West Cache to production in a timely manner and are pleased with the progress and plans in place to ready the property for mining.”
The West Cache gold project is located 13 km west of Timmins, Ontario, it is serviced by Provincial highway 101 and secondary access roads. It is situated along the Porcupine-Destor gold belt, approximately 7 km northeast of Pan American Silver’s Timmins West mine and 14 km southwest of Newmont’s Hollinger mine.
Galleon Gold is a North American exploration and development company. Eric Sprott holds approximately 23% of the company’s outstanding common shares and is also the company’s partner on the Neal gold project in Idaho. Drilling is currently underway at the company’s flagship West Cache gold project, Timmins, Ontario.
