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Galantas Gold Intends to Bulk Sample Kearney Stringer Vein at Omagh Gold Property

Reviewed

Oct 7 2016

Galantas Gold Corporation (the Company or Galantas) intends, via a Northern Ireland subsidiary, to bulk sample the Kearney stringer vein on its Omagh gold property.

Grab samples earlier reported (7^th September 2016) from the stringer vein ranged from 52.9g/t gold to 6.2 g/t gold. The bulk sampling operation is designed to comprehensively assess the length, width and gold grade of the gold stringer at surface and it is expected to extract the sample and restore the surface within a four month period.

Drill core H159 (reported 24^th August 2016) intersected 1 metre of mineralisation grading 5.7g/t gold and 6.2g/t silver, some 50 metres vertically below the earlier reported grab samples and 11 metres south from the planned underground development decline.

The bulk sample material will be assessed within the existing processing plant to provide data to assist the determination of commerciality of underground mining of the stringer vein. The processing of ore earlier in the development program than previously considered may have positive cash flow implications.

Further to the Company's announcement on 29^th September 2016, Galantas has been advised that the Judicial Review of its planning consent has been listed for continuation of the hearing on 6^th, 7^th and 8^th December 2016.

The Company notifies a change of address for the Registered Office in Canada. Effective immediately, the new address is :-
c/o DSA Corporate Services Inc, 82 Richmond Street East, Toronto, Ontario, Canada M5C 1P1.

Source:

http://www.galantas.com/

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