Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTC:GALKF) said it intercepted additional high grades from its second underground hole at its Omagh project in Northern Ireland.
The hole, part of a 4,000-metre (m) drilling programme, was drilled from the lowest level in the underground development at the Kearney Vein.
It intercepted 26.7 grammes per tonne (g/t) of gold, 88.2 g/t silver and 3.5% lead over 2.9m, including 79.5 g/t gold, 281.4 g/t silver and 10.6% lead over 0.9m.
While a second, deeper intersect hit the main Kearney Vein and returned 5.8 g/t gold, 14.2 g/t silver and 0.2% lead over 1.8 metres.
“The additional high-grade intercept in a parallel vein with continuity demonstrates the potential to discover additional high-grade mineralization at Omagh and expand the gold resources as the company advances its plans to commence mining early in the new year,” said chief executive Mario Stifano.
“With the deposit remaining open on strike and to depth, Galantas' Omagh project provides the rare opportunity to significantly grow high-grade resources while producing gold."
Last month, the company reported an encouraging start to its drilling programme.
Galantas Gold intersects high-grade gold at Omagh project in Northern Ireland