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Galantas Gold Drills 31.7 g/t Gold Over 7 Metres at the Omagh Project
TORONTO, March 21, 2022 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce resu
About this update from Galantas Gold Corporation
[{"type":"text","content":" TORONTO, March 21, 2022 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce results for three holes from its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland. All three holes were drilled from the underground development at the Kearney Vein. Drilling highlights: Hole FR-DD-22-UG-181 intersected 31.7 grams per tonne (g/t) gold (Au) and 58.5 g/t silver (Ag) over 7 metres at the main Kearney Vein including 106.3 g/t Au and 111 g/t Ag over 1 metre (see Table 1, Figures 1, 2 and 3). A deeper intersect of 7.3 g/t Au and 5.7 g/t Ag over 2.3 metres was recorded at a 278-metre vertical depth, approximately 55 metres east of the main Kearney Vein. Hole FR-DD-21-UG-174 intersected 73.6 g/t Au and 93.4 g/t Ag over 2.2 metres on a parallel-running vein known as the ‘B-lens’, approximately 28 metres east of the Kearney Vein. Hole FR-DD-21-UG-176 intersected 23.8 g/t Au and 16.8 g/t Ag over 2.9 metres on a further parallel zone of mineralization referred to in Figure 4 as the ‘C-lens’, approximately 40 metres east of the Kearney Vein. Drill holes FR-DD-21-UG-174 and 176 targeted parallel zones of mineralization east of the main vein. Both of these holes, and hole FR-DD-22-UG-181, fall within the dilation zone model (see Figure 1 and press releases on May 6, 2020, and January 31, 2022)*. Importantly, high gold mineralization has been identified across two vertical levels at RL000 and RL030 (Figure 4) with historical intersection 07-47 on a stringer vein west of Kearney, and new intersection on the C-lens, separated by 62 metres west-east. Mario Stifano, CEO of Galantas, commented: “Our drilling program continues to yield very positive results, particularly the high-grade gold intersections in parallel veins with recent results demonstrating the continuity of the lenses. These are some of our best drill results to date and point to the significant potential to expand gold resources at the Omagh Project. The Company has successfully identified dilation zones at both Kearney and Joshua veins with multiple drill intercepts, and is developing plans to advance underground development and infrastructure at Joshua to allow multiple underground drill platforms to expand our drilling program.” *Dilation zones which have potential for higher w...