Galloper Gold Corp. (CSE: BOOM), a Newfoundland-focused junior explorer, became a publicly traded entity on Friday. It has now joined the ranks of early-stage operators in the province like Gold Hunter Resources Inc (CSE: HUNT) and Maritime Resources Corp. (TSX-V: MAE).
The company’s primary focus is its Glover Island project in Newfoundland’s southwest. Galloper also has a series of claims in the Gander area about 20 kilometres southeast of the Queensway operation run by New Found Gold Corp. (TSX-V: NFG).
No previous drilling has been completed at the Mint Pond claims, the prospector says. They collectively span 125 square kilometres.
“Driven by a management and technical team with successful exploration backgrounds and supported by capital markets expertise, Galloper’s ‘outside the box’ thinking helps make the company a unique player in an increasingly selective junior resource sector,” the company claims.
The junior now has 30.3 million outstanding and 32.9 million fully diluted shares. Galloper released an introductory video prior to its public listing.
This could be a huge year for both gold and copper with multiple factors working in favor of both metals. One junior with a chance to enter the spotlight is Galloper Gold as it ramps up discovery efforts on one of the world's largest lake islandshttps://t.co/NzkhuS0lY5 pic.twitter.com/c9sXxrCbLF
— Galloper Gold Corp. (CSE: BOOM) (@Gallopergold) February 21, 2024
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Newfoundland yields rich gold intercepts
Galloper is surrounded by companies that have been having substantial success with their drill programs in the province.
New Found Gold just pulled out a 17-metre core sample containing a favourable 35 g/t gold. A rich 0.3-metre interval in that intercept contained 1,910 g/t.
The billionaire investor Eric Sprott is known to have a significant stake in New Found.
In February, the mid-tier producer Calibre Mining Corp (TSX: CXB) (OTCQX: CXBMF) intercepted 46.5 g/t Au over 5.3 metres at the Valentine gold mine. Calibre also announced last month that Newfoundland & Labrador Hydro had connected and supplied power to the mine’s substation.
Commercial production will start at Valentine next year. Marathon Gold invested nearly C$200 million into the operation before Calibre acquired the company in January. It is estimated to contain 4 million ounces of measured and indicated gold.
Map: Galloper Gold
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