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.

Highlights from the results are as follows:

Table 1: Summary of drill results.

Notes:

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.

Galantas Gold Corporation (TSXV:GAL) has announced progress from its partnership with mining contractor QME Mining Services Ltd. Ireland for the company’s Omagh Gold Project in Northern Ireland. QME has delivered a contract mining plan which utilizes their skilled workforce and original equipment manufacturer (OEM) mining equipment.

Mario Stifano, CEO of Galantas, commented in a press release: “We are looking forward to having QME begin development work at Omagh, as it has the workforce and equipment to quickly commence development and mining with a plan to provide a sustainable 5,000 tonnes per month of mill feed. As we’ve kicked off drilling at the Joshua Vein from surface, we will focus on resource expansion at the Joshua and Kearney veins to expand known resources with a goal to increase the mill capacity from 180 tonnes per day to 500 tonnes per day. In addition, with the recent successful drilling at the Gairloch Project, including hole 23-GL-02 intersecting 1.88 g/t gold, 1.23% copper, 0.51% zinc, 0.01% cobalt and 4.64 g/t silver over 33 metres¹, we will look to expand our exploration efforts in northern Scotland.”

QME has prior mining experience across Europe and was notably involved in the development and bulk sampling of Dalradian’s nearby gold project, situated 20 km from Omagh. This background makes them a suitable partner for this project.

The mining plan outlines that QME will begin with development mining at the Kearney and Joshua veins, expecting a period of 9 months, before anticipated ramping up to about 5,000 tonnes per month of both development and production mineralized material within 12 months of start-up. The estimated cost of development before steady-state production is approximately US$12 million.

Galantas plans to mine the high-grade dilation zones, aiming for a monthly production of 1,200 to 1,400 gold ounces post-development. Multiple mine levels have been developed at both the Joshua and Kearney veins. Together with QME’s experienced underground workforce, the Company is considering an expansion to the existing permitted mill to increase the targeted annual production to 30,000 to 35,000 gold ounces per annum.

Galantas has also reported success in intersecting massive sulphides in drill hole FR-DD-23-196 at the Joshua Vein, marking the first exploration hole drilled from the surface in 19 months. This fills a significant gap in the earlier resource model. Assay results for this hole are pending.

The Joshua Vein’s high-grade dilation zones remain open along strike and down-plunge. Previously, the Company identified multiple wide high-grade intersections at Joshua, including 9.9 g/t gold over a 21.6-metre intersection, 8.4 g/t Au over 26.6 metres, and 17.4 g/t Au over 13.1 metres. More details can be found in Galantas’ news releases dated June 11, 2012, January 25, 2016, and January 31, 2022.

Galantas Gold (TSXV:GAL) has released results from four drill holes from the ongoing drilling program at the Omagh Project in Northern Ireland. From an underground platform toward the south of the development on the Kearney Vein, three holes were drilled with one drilled from a new platform to the north. 

Mario Stifano, CEO of Galantas, commented in a press release: “These results underscore the success of the drilling program at the Omagh Gold Project by extending the dilation zones at the main Kearney Vein further north, as we predicted from earlier drilling. We are pleased that our drill data so far is supporting the theory that dilation zones – a pattern of vein swelling and grade increases – are projected at depth and predictably identified at regular intervals along strike of the first five levels of the Kearney Vein underground development.”

*Dilation zones which have potential for higher widths of mineralization have previously been identified within the Kearney underground development and are believed to be linked on shallow north-dipping planes.

Highlights from the results are as follows: 

• Hole FR-DD-22-UG-191 targeted a northern extension to a proposed dilation zone* within the Kearney Vein, intersecting 6.3 grams per tonne (g/t) gold (Au) and 32.1 g/t silver (Ag) over 11 metres (see Table 1 and Figure 1). This includes a higher grade section of 14.2 g/t Au and 59.3 g/t Ag over 4.5 metres.
• Hole FR-DD-22-UG-188, drilled from the lowest drill platform, intersected the main Kearney Vein 40 metres below the resource model at 9.3 g/t Au and 23.3 g/t Ag over 2.9 metres.
• Holes FR-DD-22-UG-187 and 184 both intersected the main Kearney Vein and the B-lens with B-lens intersections in the inferred resource and approximately 50 metres beneath the resource model, respectively. The B-lens is a vein that runs parallel to the Kearney Vein, approximately 17 metres east in this area.

Table 1: Summary of drill results.

Notes:

1. Drill holes were HQ 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.
5. Three of the reported intersections have an abnormally high core loss that may bias (either positively or negatively) the assay value for those intersections, and thus these intersections may not be fully representative of the true intersect value. These core losses were recorded as cavities during the drill process.