Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) has announced an extension to its drilling program at the Omagh gold project in Northern Ireland.
An initial 600 metres of diamond drilling is planned from the underground development to target the Kerr zone and deeper extensions of the Joshua Vein.
The underground drive between the Kearney and Joshua veins provides an opportunity to drill the under-explored area between these two main veins, approximately over 300 metres north, and on strike of the Kerr surface exposures.
It also allows for deeper targeting of the Joshua Vein. Specifically, new drill holes will test the down-dip potential of a deep dilation zone, which has the potential for higher widths of mineralisation.
It will also target areas outside of the current model.
Earlier results for drill holes within the deeper dilation zone on the Joshua Vein included 8.4 grams per tonne gold over a 26.6 metre intersection and 12.4 grams over a 5.6 metre intersection.
"We want to thank our shareholders for their confidence in the district-scale potential of the Omagh project and for their support in our recent oversubscribed private placement,” said Mario Stifano, chief executive of Galantas in a statement.
“We're eager to continue building value through the drill bit by going after another area with high-grade potential between the Kearney and Joshua veins that we can now access through the underground drives. We look forward to reporting on our exploration results in the coming months," he added.