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Gold & silver

Galantas Gold to resume Omagh operations in June

“Initial production is expected at 4,500 to 5,500 ounces for the balance of the year"

Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTC:GALKF) said it expects to resume development drilling and blasting at its Omagh mine in Northern Ireland by mid to late June.

In a statement, Galantas added that it had delayed completion of the secondary egress and installation of the manway, which is a prerequisite for the start of production, to mid-May 2022 to enable safe rehabilitation of the ramp access and ore headings at the 1048 level.

The miner added it had also been allocated a visa licence allowing it to recruit eligible labour from outside of the UK and Ireland.

Mario Stifano, chief executive, said: “The decision to delay the completion of the secondary egress prior to commencement of production by approximately six weeks is part of our commitment to best mining and operational practices for the long-term success of the Omagh Project.

“Initial production is expected at 4,500 to 5,500 ounces for the balance of the year from mine sequencing and production commencement during the month of June.

“The company is working with experienced mining contractor QME to develop engineering plans to accelerate development to the Joshua Vein by 12 months, which will enable Galantas to mine from multiple headings and veins to provide greater operational flexibility with an expected positive impact on 2023 production."

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