Galantas Gold (TSXV:GAL) Announces Promising Results of 13.1 Grams/Tonne Gold Over a 2.5-Metre Intersection at Omagh Project

Figure 2: Long section of the Joshua Vein showing the dilation zone trends (in yellow arrows) with some key intersections, and the location of the latest intersection on hole FR-DD-23-196. The 2014 resource category model has been used for display purposes. Source: Galantas Gold

Galantas Gold (TSXV:GAL) has announced the results of the initial hole from their new surface drill operation at the Omagh Project located in Northern Ireland. This hole, labeled FR-DD-23-196, was aimed at a previously unexplored segment in the earlier resource model of the main Joshua Vein. During this drilling, they found an intersection with 13.1 grams per tonne (g/t) of gold and 91.6 g/t of silver spanning 2.5 metres.

Mario Stifano, CEO of Galantas, commented in a press release: “We are pleased with the encouraging early results of our new drill program from surface. As we continue drilling on the Joshua Vein, we will test the down-dip potential of this dilation zone with the aim of expanding the resource to ultimately add to the Omagh Mine’s production capacity.”

This new hole is significant as it traverses an area that hadn’t been drilled in the former resource model. Moreover, this site is situated within an anticipated dilation zone. Some other noteworthy findings from this same dilation trend include the OM-DD-12-122 hole which showed 21.2 g/t gold over 2.1 metres, the OM-DD-13-147 hole with 12.4 g/t gold across 5.6 metres, and the OM-DD-12-103 hole having 8.4 g/t gold over 26.6 metres.

Figure 1: Split section of drill core from hole FR-DD-23-196, over a 0.25-metre sample length. Source: Galantas Gold

Highlights from the results are as follows:

Table 1: Summary of drill results.

Hole ID Collar location Collar elevation Azimuth/
Dip (deg.)
Intersect (m) (downhole) Est. true width (m) Intersect vertical depth (m)* Gold (g/t) Silver
Core loss (%)
FR-DD-23-196 239794 E
370715 N
168 m 250.1/50.3 2.5 1.5 132 13.1 91.6 8.9 1


  1. Drill hole was NQ 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 depth intervals are from ground surface to the top of the mineralized zone.
  3. Data has been rounded to 1 decimal place.
  4. All assays are reported without application of a top cut.




The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I cover the mining industry and the best mining stocks around the world. I write about industry news, individual companies, projects, management, and profiles on industry leaders.

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