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Galantas Gold Drills 17.4 G/T Gold and 74.6 G/T Silver Over 13.1 Metres at the Omagh Project
TORONTO, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) announces continued success
About this update from Galantas Gold Corporation
[{"type":"text","content":" TORONTO, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) announces continued success at intercepting high-grade gold from its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland. Hole FR-DD-21-175 was drilled from surface and targeted the Joshua Vein. It intersected 17.4 grams per tonne (g/t) gold (Au), 74.6 g/t silver (Ag) and 1.9 % lead (Pb) over 13.1 metres (see Table 1 for details). This hole successfully targeted a potential ‘dilation zone’ within the Joshua Vein and includes a higher-grade section with 25.3 g/t Au, 108.4 g/t Ag and 2.9% Pb over 8.7 metres. Detailed plan maps indicate vein swelling in predictable zones along ore drives in the first four levels of the mine development on the Kearney Vein. These wider areas of mineralization, or dilation zones, are believed to be linked on shallow, north-dipping planes. High strain between intersecting faults, resulting in increased permeability, could concentrate fluid flow and result in wider zones of mineralization such as those found in the underground development (see press release on May 6, 2020 and report therein for details). Figure 1 illustrates the location of hole FR-DD-21-175 on a potential dilation trend within the Joshua Vein, relative to other key intersections. A similar deeper dilation zone was also intersected during the current program with hole FR-DD-21-171 intersecting 10.1 g/t Au, 93.5 g/t Ag and 3.4% Pb over 6.5 metres (see press release on December 13, 2021). In 2015, hole OM-DD-15-155 intersected 9.9 g/t Au over 21.6 metres approximately 45 metres below the current reported intercept (see press release on January 25, 2016). Figure 2 summarizes the key data for these two zones and a potential third at depth. Mario Stifano, CEO of Galantas, commented: “As Galantas advances underground mine development towards production, detailed mapping of the exposed mineralization identified zones of thicker widths, suggesting the significant potential to not only identify wider zones of mineralization but higher grades, and the opportunity to significantly expand current resources with additional drilling. The Joshua and Kearney veins remain open along strike and to depth, and only represent 2 of the 16 veins identified to date. With the encouraging results...