Announcement Date: 2021-11-24
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Galantas Gold Corp.
Project name: Omagh
Location: United Kingdom
Commodities: Gold,Silver,Lead
Highlight: Drilling results incl. 2.9m @ 26.7g/t Au, 88.2g/t Ag, 3.5% Pb from 134m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: November 24, 2021, TORONTO, CANADA – Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce results for the second underground hole in its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland. Drilling highlights: 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 0.9 metres (see Table 1 for details). This result demonstrates further continuity to a zone of mineralization 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 2.5 metres (see news release on October 11). Scientific or technical disclosures in this press release have been reviewed and approved by Dr Sarah Coulter, who is considered, by virtue of her education, experience and professional association, a Qualified Person under the terms of NI 43-101. Dr Coulter is not considered independent under NI 43-101 as she is the Chief Geologist of Galantas Gold Corporation.
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