Galloper Gold Expands Glover Island Holdings with High-Grade Lucky Smoke Acquisition
Galloper Gold Corp. (CSE: BOOM, OTC: GGDCF) has bolstered its Newfoundland presence with a strategic acquisition, adding significant value and mineralization to its Glover Island holdings. The company has completed the acquisition of additional exploration mineral licences, including the Lucky Smoke prospect. This addition extends the mineralization of the Lucky Smoke deposit and increases its gold price potential by 400m, thanks to the inclusion of the Vendor mineral licence. Previously drilled, this licence showed promising results, with significant gold intercepts up to 18.79g/t Au in drill core. Galloper Gold's CEO, Mr. Hratch Jabrayan, praised the acquisition, stating it adds substantial value to the company. The Lucky Smoke deposit now boasts a mineralized strike length of over 1.3km, with favourable geological continuity along strike and down dip. Historic exploration campaigns at Keystone and Jacomar prospects have also yielded impressive results, with surficial trenching values up to 11.5g/t Au in channel sampling. Galloper's mineral lands holdings on Glover Island now cover 122km, with a total of 477 claims in 15 mineral licences covering 12,200 hectares. The acquisition was facilitated by a lump sum payment and a 1% NSR with a $250,000 buyback provision to the Vendor. With this acquisition, Galloper Gold's Glover Island property now hosts known significant gold price mineralization at surface, with potential at depth and along strike. The company continues to focus on mineral exploration for gold and base metals in the region, building on promising assay results from 2024 at the Lucky Smoke licence.
