Galantas Gold Corporation (TSX-V:GAL) (AIM: GAL) (OTCQX: GALKF) is pleased to announce results for the second underground hole in its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland.
The second hole was drilled from the lowest level in the underground development at the Kearney Vein and returned two intersections:
Mario Stifano, CEO of Galantas, commented: “The additional high-grade intercept in a parallel vein with continuity demonstrates the potential to discover additional high-grade mineralization at Omagh and expand the gold resources as the Company advances its plans to commence mining early in the new year. With the deposit remaining open on strike and to depth, Galantas’ Omagh Project provides the rare opportunity to significantly grow high-grade resources while producing gold.”
Table 1: Summary of drill results.
|Est. true width
Figure 1: Kearney long-section view showing part of the resource model, the underground development, some key vein intersections and the first two holes FR-DD-21-UG-168 and 170.
Figure 2: Drill core from hole FR-DD-21-UG-170.
Figure 3: Cross-section showing results for recent hole FR-DD-21-UG-170.
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 Northern Ireland’s first gold mine.
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We acknowledge the [financial] support of the Government of Canada.