Galantas Gold Corporation (TSXV/AIM: GAL; OTCQX: GALKF) has obtained high-grade results for the second underground hole in its ongoing 4,000m drilling programme 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:
- 26.7 grams per tonne (g/t) gold (Au), 88.2 g/t silver (Ag) and 3.5% lead (Pb) over 2.9 metres; including 79.5 g/t Au, 281.4 g/t Ag and 10.6% Pb over 0.9m.This result demonstrates further continuity to a zone of mineralisation running parallel to the main Kearney Vein, which was also intercepted in the first hole FR-DD-21-UG-168 of 17.7 g/t Au, 50.9 g/t Ag and 4.6% Pb over 2.5m.
- The second, deeper intersect, hit the main Kearney Vein within the inferred resource and returned 5.8 g/t Au, 14.2 g/t Ag and 0.2% Pb over 1.8m.
“The additional high-grade intercept in a parallel vein with continuity demonstrates the potential to discover additional high-grade mineralisation at Omagh and expand the gold resources as the company advances its plans to commence mining early in the new year,” CEO, Mario Stifano, said.
“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.”
For further information please visit: https://galantas.com/