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Galantas Gold Drills 22.5 Grams/Tonne Gold Over 2.7 Metres Within a 11.5-Metre Intersection
TORONTO, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce the r
About this update from Galantas Gold Corporation
[{"type":"text","content":" TORONTO, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce the results for three holes drilled from underground platforms within the Kearney Vein development at the Omagh Project in Northern Ireland. Drilling highlights: Hole FR-DD-22-UG-192, targeted within the northern dilation zone*, intersected 6.2 grams per tonne (g/t) gold (Au) and 46.6 g/t silver (Ag) over a 11.1-metre intersection (see Table 1 and Figure 1). This includes a higher grade section of 22.5 g/t Au and 170.8 Ag over 2.7 metres. A deeper intersection on hole FR-DD-22-UG-192 recorded 14.4 g/t Au over 1.1 metres (see Table 1 and Figure 2); future drilling will test the continuity of this new zone of mineralization. Hole FR-DD-22-UG-190 hit the B-lens outside of the current resource model with an intersection of 5 g/t Au over 1.7 metres, extending the B-lens 16 metres south of hole FR-DD-22-UG-187 (see Galantas’ news release dated October 24, 2022). Mario Stifano, CEO of Galantas, commented: “Our exploration program at Omagh is consistently delivering solid gold grades, allowing us to hone in on further targets for follow-up drilling that is ongoing. As expected, this underexplored deposit continues to yield promising results, particularly at the main Kearney Vein and the B-lens, which is another vein running parallel to Kearney. We are excited to incorporate these results in our future mineral resource update to also help optimize our mine plan.” *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. Figure 1: Part of a split section of drill core from hole FR-DD-22-UG-192 grading 42.8 g/t Au and 432 g/t Ag over a core length of 0.36 metres. Figure 2: Part of a split section of drill core from a deeper intersection on hole FR-DD-22-UG-192 grading 75.2 g/t Au and 72 g/t Ag over a core length of 0.21 metres. Table 1: Summary of drill results. Hole ID Azimuth/Dip (degrees) Intersect (m) (downhole) Est. true width (m) Intersect vertical depth (m)* Gold (g/t) Silver(g/t) Lead(%) Core loss (%) FR-DD-22-UG-192 261/69.1 11.1 4.0 156 6.2 46.6 1.2 1.8 Including 2.7 1.0 163 22.5 170.8 4.6 3.9 And 261/69.1 1.1 0.4 1...