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Galantas Gold Identifies an Additional Dilation Zone Drilling 21.4 g/t Gold Over 2.4 Metres at the Omagh Project
TORONTO, May 16, 2022 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce result
About this update from Galantas Gold Corporation
[{"type":"text","content":" TORONTO, May 16, 2022 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce results for four holes from its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland. All four holes were drilled from the underground development at the Kearney Vein. Drilling highlights: Hole FR-DD-22-UG-183 intersected a new dilation zone within the main Kearney Vein with an intersection of 21.4 grams per tonne (g/t) gold (Au) and 32.9 g/t silver (Ag) over 2.4 metres (see Table 1, Figures 1 & 2). Hole FR-DD-22-UG-179 penetrated the main Kearney Vein, with multiple intersections including 16.6 g/t Au and 26.9 g/t Ag over 1.5 metres at a vertical depth of 138 metres (see Table 1, Figures 1 & 2). Hole FR-DD-22-UG-180 intersected 7.1 g/t Au and 13.2 g/t Ag over 3.4 metres on a parallel-running vein known as the ‘C-lens’, approximately 50 metres east of the Kearney Vein (see Figure 3). Vein intersections in holes FR-DD-22-UG-183 and 180 indicate the likelihood of a new dilation zone (Figure 3). Drill hole FR-DD-21-UG-179 also intersected the Kearney Vein within the dilation zone model (see Figure 4 and press release on March 21, 2022). 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. Further confidence is gained in the nearby ‘C-lens’ which was intersected in all four holes. Mario Stifano, CEO of Galantas, commented: “The continued success of our exploration program is demonstrating not only the high-grade potential of the deposit but also the predictability in identifying the high-grade dilation zones. Also, recent drilling has identified a number of parallel lenses including the C-lens and the B-lens, with an intersect of 73.6 g/t Au and 93.4 g/t Ag over 2.2 metres of the-B lens approximately 28 metres east of the Kearney Vein (see press release on March 21, 2022). The Company has restarted underground development and blasting, and remains on track to commence production in the second half of June.” 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...