
Galleon Gold Corp. (TSXV:GGO) – Exploration and Development Plans Picking up for 2022
Galleon announced its exploration and permitting plans for 2022 at its West Cache Au project in the Timmins, Ontario area. The company recently closed a $3.5M flow-through and non-flow-through financing, thus it is funded for its 2022 plans. We have adjusted our target price to take into account the financing and share consolidation. Galleon is funded for exploration and permitting work, including drilling at high-grade targets as well as early-stage exploration on newly acquired properties that expand its West Cache project. We continue to believe there is significant upside potential as the company continues to advance West Cache toward a bulk sample program.