Announcement Date: 2022-05-16
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. 2.4m @ 21.4g/t Au, 32.9g/t Ag, 0.8% Pb from 116m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: May 16, 2022, TORONTO, CANADA – Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce results for four holes from its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland. All four holes were drilled from the underground development at the Kearney Vein. Vein intersections in holes FR-DD-22-UG-183 and 180 indicate the likelihood of a new dilation zone (Figure 3). Drill hole FR-DD-21-UG-179 also intersected the Kearney Vein within the dilation zone model (see Figure 4 and press release on March 21, 2022). 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 northdipping planes. Further confidence is gained in the nearby ‘C-lens’ which was intersected in all four holes. Mario Stifano, CEO of Galantas, commented: “The continued success of our exploration program is demonstrating not only the high-grade potential of the deposit but also the predictability in identifying the high-grade dilation zones.
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