Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) said it is working on a revised mine plan at its Omagh gold mine plus a new resource estimate incorporating 7,800 metres of recent drilling that indicated higher gold grades and thicker widths in dilation zones.
As these dilation zones are below the current underground development, Galantas is working on a plan to develop at these lower levels in order to optimize production.
The mine plan will determine the suitability of targeting initially 10,000 gold ounces a year, with the potential for this to increase to 20,000 ounces a year followed by staged expansions.
Galantas said that the mine plan and updated resource are scheduled to be finished in the second quarter of 2023, though the junior added it is still being hampered by restrictions that mean it can only recruit miners from the UK and Ireland.