The Prospector News

Galantas Gold Drills 17.4 G/T Gold and 74.6 G/T Silver Over 13.1 Metres at the Omagh Project

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Galantas Gold Drills 17.4 G/T Gold and 74.6 G/T Silver Over 13.1 Metres at the Omagh Project

 

 

 

 

 

Galantas Gold Corporation (TSX-V:GAL) (AIM: GAL) (OTCQX: GALKF) announces continued success at intercepting high-grade gold from its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland.

 

Hole FR-DD-21-175 was drilled from surface and targeted the Joshua Vein. It intersected 17.4 grams per tonne gold, 74.6 g/t silver  and 1.9 % lead over 13.1 metres (see Table 1 for details). This hole successfully targeted a potential ‘dilation zone’ within the Joshua Vein and includes a higher-grade section with 25.3 g/t Au, 108.4 g/t Ag and 2.9% Pb over 8.7 metres.

 

Detailed plan maps indicate vein swelling in predictable zones along ore drives in the first four levels of the mine development on the Kearney Vein. These wider areas of mineralization, or dilation zones, are believed to be linked on shallow, north-dipping planes. High strain between intersecting faults, resulting in increased permeability, could concentrate fluid flow and result in wider zones of mineralization such as those found in the underground development (see press release on May 6, 2020 and report therein for details). Figure 1 illustrates the location of hole FR-DD-21-175 on a potential dilation trend within the Joshua Vein, relative to other key intersections.

 

A similar deeper dilation zone was also intersected during the current program with hole FR-DD-21-171 intersecting 10.1 g/t Au, 93.5 g/t Ag and 3.4% Pb over 6.5 metres (see press release on December 13, 2021). In 2015, hole OM-DD-15-155 intersected 9.9 g/t Au over 21.6 metres approximately 45 metres below the current reported intercept (see press release on January 25, 2016). Figure 2 summarizes the key data for these two zones and a potential third at depth.

 

Mario Stifano, CEO of Galantas, commented: “As Galantas advances underground mine development towards production, detailed mapping of the exposed mineralization identified zones of thicker widths, suggesting the significant potential to not only identify wider zones of mineralization but higher grades, and the opportunity to significantly expand current resources with additional drilling. The Joshua and Kearney veins remain open along strike and to depth, and only represent 2 of the 16 veins identified to date. With the encouraging results from our current drill program, Galantas is evaluating accelerating the planned underground development and the required infrastructure to the Joshua Vein which is currently 240 metres west of the Kearney development. This will allow for two additional drill bays for multiple underground drills at the Kearney and Joshua veins, to expand and accelerate the drilling program.”

 

Table 1: Summary of drill results.

 

Hole ID Azimuth/
Dip (degrees)
Intersect (m) (downhole) Est. true width (m) Intersect vertical depth (m) Gold (g/t) Silver
(g/t)
Lead
(%)
Core loss (%)
FR-DD-21-175 275.5/58.2 13.1 6.9 71 17.4 74.6 1.9 8.4
Including   8.7 4.5   25.3 108.4 2.9 9.2

 

Notes:

  1. Drill holes were HQ size and drilled using a triple tube method to maximize core recovery. The samples were analyzed (gold by fire assay and other metals by ICP-ORE) at ALS Laboratory Ltd (ISO 17025) of Galway, Ireland.
  2. Intersect vertical depths intervals are from ground surface to the top of the mineralized zone.
  3. Data has been rounded to 1 decimal place.

 

Figure 1 is available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/6cfd14d4-a915-46d1-8650-62d6fac0c7b0

 

Figure 2 is available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/405707f2-78c6-44ff-9f17-20fed3f54562

 

Figure 3 is available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/6a392579-79d6-4291-be04-20011404c1b1

 

Qualified Person

 

Scientific or technical disclosures in this press release have been reviewed and approved by Dr. Sarah Coulter, who is considered, by virtue of her education, experience and professional association, a Qualified Person under the terms of NI 43-101. Dr. Coulter is not considered independent under NI 43-101 as she is the Chief Geologist of Galantas Gold Corporation.

 

About Galantas Gold Corporation

 

Galantas Gold Corporation is a Canadian public company that trades on the TSX-Venture Exchange and the London Stock Exchange AIM market. It also trades on the OTCQX Exchange. The Company’s strategy is to create shareholder value by operating and expanding gold production and resources at the Omagh Project in Northern Ireland.

 

Posted January 31, 2022

Share this news article

MORE or "UNCATEGORIZED"


VIZSLA SILVER AGREES TO ACQUIRE NEWLY CONSOLIDATED PAST-PRODUCING SILVER DISTRICT IN THE EMERGING SILVER-GOLD-RICH PANUCO - SAN DIMAS CORRIDOR IN MEXICO

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) i... READ MORE

March 28, 2024

Additional Drill Results Highlighted by Hole D-380 in Block 6 at Oko West, Intersecting 39.7 m Grading 5.27 g/t Au Including 2.8 m @ 14.18 g/t Au and 13.0 m Grading 10.50 g/t Au

Reunion Gold Corporation (TSX-V: RGD) (OTCQX: RGDFF) is pleased t... READ MORE

March 28, 2024

STLLR Gold’s Tower Gold Project Infill Drilling Continues to Confirm Mineralization at the Jonpol Deposit

STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) announces ... READ MORE

March 28, 2024

Hudbay Provides Annual Reserve and Resource Update and Production Outlook

Consolidated copper production is expected to average 153,000i to... READ MORE

March 28, 2024

Aya Gold & Silver: Record 2023 Production, Revenue and Operating Cash Flow

Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased t... READ MORE

March 28, 2024

Copyright 2024 The Prospector News