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2 stories mentioning BOOM.CNUpdated 37d ago

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Mining & Metals

Galloper Gold to Raise $2.2 Million Via Non-Brokered Private Placement

Galloper Gold (BOOM.CN) arranged a non-brokered private placement for $2.2 million, it said Friday.The offering is comprised of 16.9-million flow-through common shares at $0.12 per FT share for $2 million, and 2-million common shares at $0.10 apiece for $200,000. A strategic investor of the company has committed to participating in the private placement of FT shares for up to $999,996, it said.Closing is expected on May 29. Proceeds from the private placement of FT shares will be used for its 2026 exploration program.Proceeds from the private placement of shares will be used for general working capital needs.Shares of the company were last seen unchanged at $0.09 on the Canadian Securities Exchange.

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Mining & Metals

Galloper Gold to Begin 2026 Drilling Program at the Glover Island Property

Galloper Gold (BOOM.CN) on Thursday said it plans to begin a 2026 drilling program at Glover Island targeting new high-grade gold targets in the Lunch Pond South Extension (LPSE) gold deposit.The company also plans regional exploration drilling, particularly at Lucky Smoke.An updated geological modelling and engineering exercise resulted in the recently released and increased LPSE Mineral Resource Estimate (MRE), said the company and added that the 2026 drilling program will follow-up and build on this "momentum."The 2026 drilling program is expected to include up to 7,000 meters of diamond drilling in over 25 boreholes. Drilling will target along-strike and down-dip continuity of the LPSE and Lucky Smoke gold deposits within the Kettle Pond formation, the company added."Galloper Gold Corp. has been comprehensively evaluating the Kettle Pond Formation gold mineralized trend with historical data, and, as a result of this, we have recently released an updated MRE for the LPSE deposit," said chief executive Hratch Jabrayan. "This effort has resulted in a new understanding of the geological architecture of the property and has built targeting for additional gold mineralization intercepts."Shares of the company were last seen unchanged at $0.10 on the Canadian Securities Exchange.

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