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Galantas Announces Exploration and Resource Review for its Omagh Gold Mine

Galantas Gold Corporation has reported the ongoing exploration and resource review for the Galantas Gold Mine situated in Omagh, Northern Ireland.

Exploration and Resource Review

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Galantas is reviewing exploration, outlining a scheduled core drilling program. The recent Exploration Report concerning Controls on Mineralization was published on May 6th, 2020.

The report has led to the review and signified higher drilling opportunities, with the prospects of expansion and further elaboration of the resource base local to the mine development.

A new Technical Report, in compliance with Canadian National Instrument 43-101, has started and will probably include the findings of chip channel samples taken at the time of recent mine development on-vein and these are in process of obtaining extra Quality Assurance and Quality Control evaluation.

Moreover, it will include findings of core drilling that has occurred since 2014 and may include extra drilling.

As part of a program carried out in 2015, cores were drilled on the Joshua vein. Core 155—one of those reported in detail on January 25th, 2016—constitutes a 13 m (true width) intersect with 0.6% lead, 30.3 g/t silver, and gold grade of 9.9g/t at an approximate depth of 117.2 m. This is the broadest high-grade gold intersect drilled to date on the Omagh property and presents the huge accumulation of Gold found here so far. Core 154—which was part of the 2015 program—intersected a new vein (Kestrel) of high-grade gold mineralization, about 70 m to the west of the Joshua vein.

The results of the drilling yielded assays of 4.9% lead, 35.8 g/t gold, and 85.8 g/t silver across a true width of 0.7 m at an estimated depth of 42.4 m. Core 153, located nearly 156 m to the north, exhibited prospects for an extension of the Kestrel vein.

Data on the possible drilling program, which will mostly focus on Kerr, Kearney, Joshua, and Elkins veins, will be carried out mainly in the underground and declared when the review is done.

The Technical Report that elaborates on resources and economics, which was published in 2014, is currently outdated and will be replaced by the latest Technical Report. After review by staff at the Ontario Securities Commission, the company reports that the Exploration Report of May 6th, 2020, is not the present Technical Report as defined by NI 43-101.

Source: https://www.galantas.com/

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