Galactic Gold Company (TSXV: GGAU) (“Galactic Gold” or the “Company”) is pleased to provide an exploration update on its 100% owned Hardrock West project. Field crews have been mobilized to investigate high-priority geological targets identified through the recently completed geophysical survey and Phase 1 area-wide targeting study in the Hardrock West claims area. The HWP is located approximately 250 km northeast of Thunder Bay, Ontario and covers 28,586 ha of the Beardmore-Geraldton greenstone belt (Figure 1).
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Figure 1: Regional location for Galactic Gold Corp’s Hardrock West project and Equinox Gold’s Greenstone gold mine.
The results of total magnetic intensity (TMI) and electromagnetic (EM) surveys completed by Geotech Ltd will be used. To prioritize conductive horizons along the Paint Lake Fault (PLF) and Bankfield-Tombill Deformation Zone (BTDZ), and major structural corridors along the Beardmore-Geraldton Greenstone Belt (BGGB) that are believed to be associated with gold mineralization in the region (Figure 2). The ongoing field program aims to investigate high-priority magnetic targets on the property, some of which have concurrent conductive horizons (Figure 2).
Figure 2: Preliminary results of an airborne EM survey conducted by Geotech Ltd. Conductive prospects in the main claim block of Galactic Gold Corp’s Hardrock West project.
Based on the results of the first phase of historical data compilation, which included the digitization of over 600 drill holes, 200 channel samples and over 2,000 surface grab samples, excavation crews were deployed to priority targets including the Sturgeon Bridge area (Figure 2). The Diamond Drilling Database has prioritized historical gold assays, base metallurgy results, and geochemical track discovery elements to support the assessment of the mineral prospects for the planned 2026 drilling campaign.
CEO Ken Perry commented: “Galactic is excited to begin field mapping and data verification in the Sturgeon Bridge area as we negotiate our exploration agreement and await permit approvals. The summer field program will continue to evaluate property-level targets through planned geologic mapping in the Trench Lake and Missing Link North areas while simultaneously updating the geological and mineralization model at Sturgeon Bridge. While we await the results of the latest exploration program, we are confident that they will continue to validate our exploration model and highlight the exceptional scale, continuity and potential For the Hardrock West land package.”
Sturgeon Bridge Prospect (MDI42E11NW00003) can be reached by traveling north on Kinghorn Road, 13 km east of Jellicoe, ON, for approximately 6.1 km, then east along an unnamed logging road for 7.6 km. The triple logging roads follow the southwest direction of the mineral corridor to the area where Kodiak drilled 9 diamond holes in 2008 totaling 2,565 meters (Figure 3). The geology is dominated by Archaean metamorphic igneous rocks and small sedimentary units of BGGB. The metamorphic volcanoes here are mostly lined and almond-shaped flows with sedimentary rocks composed of sandstone, siltstone and argillite with an intercalated ferruginous formation composed of magnetite, hematite, flint and jasper.
Figure 3: Compilation of Sturgeon Bridge historical data, mineralogical trends and sample locations from the 2026 exploration program supported by the Geotech VTEM FF(23) profile showing magnetic and conductive bodies.
Kodiak Exploration Ltd. Exploring, sampling and drilling diamonds between 2007 and 2008 through 9 diamond holes with a total drilling distance of 2,565 metres. Drilling has focused primarily on the main zone that strikes approximately 240 degrees and ranges from 6 to 23 meters wide by 490 meters long (MDI42E11NW00003). Highlights of the 2008 DDH program include:
- 2.53 g/t Au over 1.6 m in SB08-03 from weakly incised metamorphic volcanics with traces of pyrite;
- 1.75 g/t Au over 3.8 m in SB08-05 from discrete metamorphic volcanics with quartz stock veins;
- 66.7 g/t Au over 0.3 m in SB08-13 metamorphic volcanics with quartz and pyrite veins;
- 1.19 g/t Au over 4.3 m in SB08-14 breccia in weak-shear metavolcanism and quartz-pyrite carbonate veins (Assessment Report 20000004143).
The field priority will be to continue tracking mineralized zones at Sturgeon Bridge, which are believed to persist for more than 2 km of the strike length (MDI42E11NW00003). Excavations also identified a copper-rich horizon with malachite staining derived from large chalcopyrite bubbles ( Cundari et al., 2019 ). Sheared gossans were observed on the southwestern end of the Sturgeon Bridge area with minor pyrite + chalcopyrite and malachite green staining on the frozen surface (Figure 4).
Figure 4: Rusty bodens incised in foliated mafic volcanics with malachite staining at UTM NAD83 Z16, 468411 mN, 5508117 mN.
Qualified person
Jason Arnold, P.Geo., President of DCX Geological Consulting is a qualified person as defined in NI 43-101 and has reviewed and approved the scientific and technical information contained in this news release. Jason Arnold, P.Geo. He is an advisor to the Company and is not independent of the Company within the meaning of NI 43-101 – Disclosure Standards for Mineral Projects. Mineralization found on adjacent and/or nearby properties, especially in relation to adjacent mineral reserves/resources, is not necessarily indicative of mineralization that may be present on the Company’s properties.
About Galactic Gold Company
Galactic Gold Corp is a resource development company focused on unlocking the full potential of its 100% owned Hardrock West Property, located in Ontario’s Class A mining district. Over 57km of combined strike length along two major gold-bearing structures and 10km of Equinox Gold’s greenstone mine (12.2 million ounces Au). At 15,000 hectares (37,000 acres), Galactic Gold is located between Equinox Gold’s Greenstone mine (10 million ounces Au) and their Brookbank deposit (2.5 million ounces Au) along what Laurentian University identified in its terrestrial metal research are superstructures across the Galactic Gold property, underscoring the project’s strong potential for value creation.
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Cautionary statement regarding forward-looking information
This press release may contain forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are often characterized by words such as “plans,” “expects,” “plans,” “intends,” “believes,” “anticipates,” “estimates,” “proposes,” “indicates” and other similar words or statements that certain events or conditions “may” or “will” occur, and include, but are not limited to, statements regarding the Company’s current plans and business objectives. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially from events or results estimated, anticipated, implied or expressed in such forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of assumptions that may prove incorrect, including, but not limited to: assumptions regarding future metal prices, debt and equity financing market conditions, receipt of regulatory approvals, and other factors. All forward-looking statements attributable to the Company and persons acting on its behalf are qualified by cautionary statements. Any forward-looking statement speaks only as of the date on which it is made, and except as required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events may differ materially from those anticipated in such statements. Accordingly, undue reliance should not be placed on such statements due to their inherent uncertainty.
