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Gold & silver

Galantas hits high grade gold at Omagh in latest round of drilling

Galantas has many years of on-ground experience at the Omagh project

Galantas Gold Corporation has hit 17.4 grams per tonne gold over 13.1 metres in drilling at its Omagh project in Northern Ireland.

The intercept also included significant silver and lead.

The company now has detailed plan maps which indicate vein swelling in predictable zones along ore drives in the first four levels of the mine development on the Kearney vein at Omagh.

These wider areas of mineralization, or dilation zones, are believed to be linked on shallow, north-dipping planes.

A similar deeper dilation zone was also intersected earlier during the current 4,000 metre program.

"As Galantas advances underground mine development towards production, detailed mapping of the exposed mineralization identified zones of thicker widths, suggesting the significant potential to not only identify wider zones of mineralization but higher grades, and the opportunity to significantly expand current resources with additional drilling,” said Mario Stifano, chief executive of Galantas.

“The Joshua and Kearney veins remain open along strike and to depth, and only represent two of the 16 veins identified to date. With the encouraging results from our current drill program, Galantas is evaluating accelerating the planned underground development and the required infrastructure to the Joshua vein which is currently 240 metres west of the Kearney development. This will allow for two additional drill bays for multiple underground drills at the Kearney and Joshua veins, to expand and accelerate the drilling program."

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