American Marconi Wireless News - Galloper Gold To Commence Copper Prospect Exploration Program

GALLOPER GOLD TO BEGIN EXPLORING COPPER PROSPECT ON ITS CLAIMS ON GLOVER ISLAND, NEWFOUNDLAND

The Company is planning an exploration program over the VTEM anomaly on the western side of its Glover Island property.

This VTEM anomaly is situated in the Grand Lake Complex in an area otherwise underexplored. It is coincident with a resistivity low as is the more documented VMS showings in the more commonly known and explored Kettle Pond Formation to the east. There has been no sampling or drilling documented by the government on this anomaly.

The known VTEM and resistivity anomaly covers a length of almost 3.5 kms with an additional 3 kms of resistivity lows where there is no VTEM coverage.

The company is planning a geological survey and sample program over the anomaly with the objective to enhance the understanding of the anomaly and to identify targets for a future drill program. The program is planned to cover the entire anomaly over a period of two weeks with three crews of geologists and technicians based out of the local community of Deer Lake.

Mr. Hratch Jabrayan, Galloper CEO Commented, "Exploring the copper anomaly on Glover Island is exciting in that it has the potential to add to an already well mineralized endowment of the property, including the already present gold occurrences."

The claims are on Glover Island are contiguous to Galloper's current holdings at its flagship and drill-ready Glover Island Property.

Qualified Person

The technical information in this news release has been reviewed and approved by Mr. Peter Lauder, P.Geo., Director and Senior Geologist for Galloper Gold. Mr. Lauder is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

Company Contact: [email protected], 778-655-9266

Investor Relations:
MarketSmart Communications
Tel: 877-261-4466

Acknowledgment - Newfoundland & Labrador Junior Exploration Assistance Program

Galloper Gold acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.

Galloper Gold Corp.

Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its Glover Island and Mint Pond properties, each prospective for gold and base metals. The Glover Island Property consists of 532 mining claims totaling 13,300 hectares while Mint Pond consists of 499 claims totaling 12,475 hectares.

For more information please visit www.GalloperGold.com and the Company's profile on SEDAR+ at www.sedarplus.ca.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Forward looking statements in this news release include statements regarding the proposed property purchase transaction and acquisition of additional claims, the provision of IR services by the Consultant, and the grant of stock options. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks, including the risk that the property purchase transaction may not be completed as expected or at all, or that the option grants may vary. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally, risks related to capital markets, risks related to the state of financial markets or future metals prices and the other risks described in the Company's publicly filed disclosure.

Management has provided the above summary of risks and assumptions related to forward-looking statements in this news release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Galloper Gold Corp.

View the original press release on ACCESS Newswire

C.Garcia--AMWN