Authored by Lemuel Daher.
Opportunities like BOOM don’t come along every day.
Galloper Gold (CSE: BOOM; OTC: GGDCF) is focused on mineral exploration in the Central Newfoundland Gold Belt. Galloper’s two properties, Glover Island and Mint Pond, are each prospective for gold and base metals.
BOOM is incredibly undervalued at the moment. We know this because we can expect gold and copper — Galloper’s bread and butter — to be key resource investment themes this year. Take gold, for example. The current gold cycle is marked by significant increases in pricing, with economic factors such as market uncertainty and inflation being critical drivers of gold trends.
In other words: in this time of uncertainty, there’s never been a better time to take a close look at BOOM. Yes, the company’s valuation is at a low right now… but we know to buy low and sell high. We also know that BOOM’s true value is best reflected in its key asset, a project that is exploding with potential.
The Glover Island project is what sets Galloper apart from the herd. Glover Island is situated in Newfoundland, one of the most resource-friendly jurisdictions in the world. It is just 62 km north of Caliber Gold’s multi-million-ounce Valentine Gold mine and 55 km due east of the prolific past producing Buchans mine… which happens to be one of the richest base metal mines in Canadian history.
It is for this reason that BOOM is considered to be right in the heart of Western Newfoundland’s Four Corners Mining Region. BOOM’s Glover Island property package completely surrounds a historic gold zone, is defined by dozens of drill holes carried out more than a decade ago, and extends 36 km along northeast trending mineralized structures. Additionally, there is the potential for a multi-kilometer-long orogenic gold system, allowing for large-scale discovery opportunities within this defined area.
On a related note, Galloper has submitted a professionally prepared proposal for the acquisition, exploration, and development of the Exempt Mineral Land on Glover Island. The ‘EML’ was created back in March 11, 2012 and is surrounded by Galloper’s existing exploration licenses on Glover Island. The upside potential the EML ground offers is of significant value to BOOM’s development of its Glover Island Project. The EML is a known 43-101 resource with 178K oz of Au.
More recently, on the western side of its Glover Island package, BOOM has completed its early-stage investigation of an unexplored VTEM anomaly. Last year’s extensive soil sampling has documented anomalous copper in the immediate area of the VTEM anomaly. Of the almost 1,500 samples taken, 10% are higher than 64 ppm copper with a maximum of 413 ppm Cu in soils.
This copper anomaly has provided the company with a whole new dimension of exploration work on top of a robust exploration program that has already returned promising drill results for gold. We’re referring to a series of test holes that was conducted at Glover Island’s Lucky Smoke occurrence (which was recently expanded through drilling).
Some highlights from these test holes were one 15-metre hole of 2.62 g/t Au, a 3.80-metre hole of 6.92 g/t Au, and a 4-metre hole of 4.59 g/t Au. These test holes support the potential for a second deposit on the Island along a promising underexplored contact zone traced for a minimum of 12-kilometers. What’s more, BOOM has uncovered the possibility of multiple shallow deposits lined up along a contact zone that might continue well beyond its original 12-km estimate.
Earlier, we spoke about what separated Galloper from the rabble — and we’d be remiss not to include BOOM’s excellent management and technical team. Each member of Galloper’s team has distinguished themselves with successful exploration ventures, and they all benefit from expertise in the capital markets.
And lest we forget — Galloper also has a newly-appointed CEO in Hratch Jabrayan. Mr. Jabrayan has over two decades of high-level experience in the resource sector (including 7 years of advancing Dundee Precious Metals’ interests in Armenia and globally). He has a diverse skill set, invaluable global connections, and a dynamic style of leadership. He brings a high-energy, value-driven approach to BOOM.
To sum up: Galloper is a unique player in the resource sector. They are newly-listed, dedicated to a high level of community engagement, and are working in an area where no systematic property-wide exploration program has ever been carried out.
You won’t find another company like Galloper. So, we suggest you to get in while the getting is good… because we feel BOOM’s current valuation won’t remain where it is for long…
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