Galantas Gold Corporation (TSXV/AIM: GAL; OTCQX: GALKF) has received positive results from its ongoing 4,000-metre drilling programme at the Omagh Project in Northern Ireland.
Hole FR-DD-21-171 intersected 10.1 grams per tonne (g/t) gold (Au), 93.5 g/t silver (Ag) and 3.4% lead (Pb) over 6.5 metres. This hole, drilled from surface, successfully targeted a potential ‘dilation zone’ within the Joshua Vein and is located approximately 120 metres from hole OM-DD-15-155 drilled in 2015 which intersected 9.9 g/t Au over 21.6 metres (estimated true width of 13 metres)
Hole FR-DD-21-UG-172 drilled from the underground at the Kearney Vein intersected two zones of mineralisation including 10.4 g/t Au, 50.5 g/t Ag and 2.4% Pb over 2.8 metres.
“We are very pleased with the continued success of our exploration programme which continues to demonstrate high-grade mineralisation at Omagh, particularly high-grade gold in wider dilation zones at both Kearney and Joshua veins,” CEO, Mario Stifano, said.
“We look forward to providing further updates on drill results and our mine production plan in the near future as we advance this unique opportunity to significantly grow high-grade resources at Joshua and Kearney, which remain open on strike and to depth, while also producing gold.”
Dilation zones which have potential for higher widths of mineralisation have previously been identified within the Kearney underground development and are believed to be linked on shallow north-dipping planes.
The dilation zones identified at the Joshua Vein, located approximately 400 metres from the main Kearney Vein, are expected to be incorporated into mine planning and future mine development, including potential plans to drill Joshua from underground to advance mining and resource expansion.
The underground development in Kearney is 370 metres from the Joshua Vein, of which 152 metres have already been advanced in the cross cut, with 218 metres of development remaining to reach the Joshua Vein.
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