Galantas Gold Corporation (the 'Company'), the AIM and TSXV quoted gold producer and explorer with a 100% interest in Ireland's only operating gold mine, has received geochemical soil sampling and geophysical data regarding four mineral prospecting licenses, totalling 160.7 sq. kms, in the Republic Of Ireland. The four licenses are held by Galantas subsidiary, Omagh Minerals Ltd.
The data reveals the continuation of a trend established on adjoining licenses held by Omagh Minerals Ltd in Northern Ireland, with anomalously high concentrations of gold pathfinder elements, Arsenic and Antimony and other associated elements, Lead and Sulphur. The data, which was generated by the Tellus Border Project, has just been released. The project is a cross-border initiative between the Geological Survey of Northern Ireland, the Geological Survey of Ireland, Queen's University Belfast and Dundalk Institute of Technology and funded by the European Union Regional Development Fund. The data, which is still undergoing detailed analysis, will assist in the design of a summer field program, which is expected to take place between June and September 2013.
Roland Phelps, President & CEO Galantas Gold Corporation, said, "The excellent work, funded by the EU, has confirmed a trend reported by us last year (29th March 2012) on the Northern Ireland side of the border and was the reason that we acquired the licenses on trend in the Republic of Ireland. The results so far are very encouraging."
This disclosure has been reviewed by Roland Phelps C.Eng MIOM3, a qualified person under the meaning of NI. 43-101 and AIM Guidance Note for Mining Oil and Gas Companies.
Source: http://www.galantas.com/