The most recent addition to the Galahad gold portfolio is the Regcourt Project. Galahad’s vision is forward-thinking and thus is investing in Quebec’s recent exploration rush for gold during a rising gold price. The Regcourt claims lies in Vauquelin Township and are located just west of famed Val d’Or. The Abitibi in Quebec continues to yield more resources and management believe this property will prove to have excellent exploration and further discovery potential.

The Regcourt Property hosts a small gold deposit discovered on surface by trenching in 1944. During this early prospecting period erratic gold values were obtained from a stripped outcrop exposing the veins yielding an average grade of 8.13 g/t gold over an average width of 0.76meters along a strike length of 67 meters. Subsequent work and drilling indicated an historical tonnage of 61,000 tonnes grading 5.49 g/t gold (see  note below). This deposit is hosted by a granodiorite stock which intrudes mafic to intermediate volcanic of the Malartic Group. Geologically the mineralization is described in the records as fracture-filled quartz-tourmaline veins and veinlets containing fine grained pyrite and free gold similar to other Quebec gold deposits such as to Beaufort Mine owned and operated by Richmont Mines.

Galahad will immediately proceed with a detailed geological compilation of the extensive reporting and other data relating to the property, and then surface geophysics and additional surface stripping work. Once compilation work completed, target generation by way of a 3D geological modelling will be completed. Priority targets will immediately be drill tested.

Galahad’s consultants are currently reviewing all reports on the property the results of which will guide further drilling. The Company can acquire a 100% interest by making a total of $100,000 in a series of cash payments plus a total of 300,000 shares in three tranches over a two 2 year term. The claims are subject to a 2% NSR. No specific work commitment is included, apart from the compilation report, which is underway.

*Note: The quoted mineral resource estimate is historical in nature and is taken from a Report prepared by a previous operator (i.e., Routledge, 1983). The mineral resources have not been verified by Galahad Metals Inc. and the mineral resources therefore cannot be treated as National Instrument (NI) 43-101 defined resources verified by a Qualified Person (QP). There is no direct evidence that the reported historical mineral resource estimate, or any portion thereof, will ever be achieved at any time with additional exploration work, and should not be relied upon. Furthermore, there can be no assurance that any of the mineral resource, in whole or in part, will ever become economically viable.
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Routledge, R.E., 1983. Report on the Albanex Energy Corporation Limited Regcourt Property, Vauquelin Township, Quebec. Prepared for Lugano Resources Ltd. by Derry, Michener, Booth and Wahl Consultants Ltd.