Announcement Date: 2022-10-24
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. 11m at 6.3g/t Au, 32.1g/t Ag, 0.9% Pb from 169m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: October 24, 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 drilling program at the Omagh Project in Northern Ireland. Three holes were drilled from an underground platform towards the south of the development on the Kearney Vein, and one was drilled from a new platform in the north. Mario Stifano, CEO of Galantas, commented: “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.
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