Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTC:GALKF) said three holes drilled from the underground development at the Kearney Vein, part of the Omagh project in Northern Ireland, had intersected high-grade gold.
“These are some of our best drill results to date and point to the significant potential to expand gold resources at the Omagh project,” said chief executive Mario Stifano.
Drill hole FR-DD-22-UG-181 intersected 31.7 grammes a tonne (g/t) gold and 58.5 g/t silver over 7 metres (m) at the main Kearney Vein, including 106.3 g/t gold and 111 g/t silver over 1m.
Results from the other two holes included 73.6 g/t gold and 93.4 g/t silver over 2.2m on a parallel-running vein known as the “B-lens”, which is about 28m east of the Kearney Vein; and 23.8 g/t gold and 16.8 g/t silver over 2.9m on another parallel zone of mineralization referred to as the “C-lens”, about 40m east of the Kearney Vein.
“Our drilling programme continues to yield very positive results, particularly the high-grade gold intersections in parallel veins with recent results demonstrating the continuity of the lenses,” said Stifano.
The three holes were part of an ongoing 4,000m drilling programme at Omagh.
Dilation zones, which have potential for higher widths of mineralization, have already been identified within the Kearney underground development.
"The company has successfully identified dilation zones at both Kearney and Joshua veins with multiple drill intercepts, and is developing plans to advance underground development and infrastructure at Joshua to allow multiple underground drill platforms to expand our drilling programme," said Stifano.