Galloper Gold Boosts LPSE Resources to 121 Koz Indicated and 219 Koz Inferred
Galloper Gold’s LPSE Deposit hosts 3.12 million tonnes at 1.20 g/t gold for 121 koz indicated and 6.69 million tonnes at 1.02 g/t for 219 koz inferred. The 2026 estimate uses a US$3,500/oz gold price, C$32/t processing cost, C$5/t G&A cost, C$3/t open-pit mining cost and 95% recovery under NI 43-101 standards.
1. 2026 Mineral Resource Estimate Highlights
The LPSE Deposit's Indicated resource stands at 3.12 million tonnes grading 1.20 g/t gold for 121 koz, with an additional Inferred resource of 6.69 million tonnes at 1.02 g/t for 219 koz, reflecting significant resource expansion under updated geological modelling.
2. Technical Parameters and Methodology
The estimate uses a US$3,500/oz gold price, C$32/t process cost, C$5/t G&A cost, C$3/t open-pit mining cost and a 95% recovery rate, applying Leapfrog wireframes, capped composites, variography and an optimized NPV Scheduler pit shell under NI 43-101 standards, prepared by P&E Mining Consultants.
3. Glover Island Property Context
Situated on a 116.6 km² property within the Glover Island Trend, the LPSE Deposit lies near the Cabot Fault alongside historical mines such as Ming, Tilt Cove, Nugget Pond and Pine Cove, highlighting the region's polymetallic prospectivity across multiple structural breaks and gold anomalies.
4. Next Steps and Outlook
A technical report is expected within 45 days of the effective date of April 6, 2026, with potential to upgrade Inferred resources to Indicated through further drilling, positioning Galloper Gold for updated asset valuation and alignment with global disclosure practices.