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Galantas Gold Drills 19.8 Grams/Tonne Gold Over 1.7 Metres at the Omagh Project
TORONTO, July 19, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") is pleased to announce resul
About this update from Galantas Gold Corporation
[{"type":"text","content":" TORONTO, July 19, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (\"Galantas\" or the \"Company\") is pleased to announce results for a hole drilled from an underground platform within the second level of the Kearney Vein development at the Omagh Project in Northern Ireland. Hole FR-DD-23-UG-193 intersected 19.8 grams per tonne (g/t) gold (Au) and 11.3 g/t silver (Ag) over 1.7 metres targeting the Kearney B-lens (see Table 1 and Figure 1). This is the most northerly intersection in the latest underground drill program, and provides important information on the course and continuity of mineralization outside the main Kearney Vein. A new surface drilling program is underway at Omagh to test a predicted dilation zone at the Joshua Vein which has potential to host higher widths of mineralization (see Galantas’ news release dated June 22, 2023). Mario Stifano, CEO of Galantas, commented: “Our drill program continues to yield positive results, improving our understanding of the high-grade gold mineralization below the Omagh mine. We’re pleased with the outcome of this final underground hole at the main Kearney Vein as we transition our drill program from underground to surface to target the other main Joshua Vein and potentially add to the number of dilation zones previously delineated from historical drilling. We look forward to reporting on these drill results as they become available.” Table 1: Summary of drill results. Hole ID Collarlocation Collar elevation Azimuth/Dip (deg.) Intersect(m) (downhole) Est. truewidth (m) Intersectvertical depth from surface (m) Gold(g/t) Silver(g/t) Lead(%) Coreloss(%) FR-DD-23-UG-193 240097 E371149 N 84.2 m 52.9/44.3 1.7 1.1 102 19.8 11.3 0 0 Notes: Drill holes were HQ size and drilled using a triple tube method to maximize core recovery. The samples were analyzed (gold by fire assay and other metals by ICP-ORE) at ALS Laboratory Ltd (ISO 17025) of Galway, Ireland. Intersect vertical depth intervals are from ground surface to the top of the mineralized zone. Data has been rounded to 1 decimal place. All assays are reported without application of a top cut. Figure 1: Part of a split section of drill core from hole FR-DD-23-UG-193 grading 72.4 g/t Au and 38 g/t Ag over a 0.36-metre core length. Qualified Person and Quality Assurance and Control Scientif...