Galantas Gold Corporation (TSXV & AIM: GAL; OTCQX: GALKF) has continued drilling 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 (g/t) gold (Au), 74.6 g/t silver (Ag) and 1.9 % lead (Pb) over 13.1 metres. 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 mineralisation, 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 mineralisation such as those found in the underground development.
A similar deeper dilation zone was also intersected during the current programme 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. 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/
“As Galantas advances underground mine development towards production, detailed mapping of the exposed mineralisation identified zones of thicker widths, suggesting the significant potential to not only identify wider zones of mineralisation but higher grades, and the opportunity to significantly expand current resources with additional drilling,” CEO, Mario Stifano, said.
“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 programme, 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 programme.” For further information please visit: https://galantas.com/