Announcement Date: 2022-03-21
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. 7m @ 31.7g/t Au, 58.5g/t Ag, 2.8% Pb from 150m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: March 21, 2022, TORONTO, CANADA – Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce results for three holes from its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland. All three holes were drilled from the underground development at the Kearney Vein. Drill holes FR-DD-21-UG-174 and 176 targeted parallel zones of mineralization east of the main vein. Both of these holes, and hole FR-DD-22-UG-181, fall within the dilation zone model (see Figure 1 and press releases on May 6, 2020, and January 31, 2022)*. Importantly, high gold mineralization has been identified across two vertical levels at RL000 and RL030 (Figure 4) with historical intersection 07-47 on a stringer vein west of Kearney, and new intersection on the C-lens, separated by 62 metres west-east. Mario Stifano, CEO of Galantas, commented: “Our drilling program continues to yield very positive results, particularly the high-grade gold intersections in parallel veins with recent results demonstrating the continuity of the lenses. These are some of our best drill results to date and point to the significant potential to expand gold resources at the Omagh Project. The Company has successfully identified dilation zones at both Kearney and Joshua veins with multiple drill intercepts
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