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Galantas Gold Intersects High-Grade Gold at the Omagh Project in Northern Ireland
TORONTO, Oct. 12, 2021 (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, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce results for its ongoing 4,000-meter drill program at the Omagh Project in Northern Ireland. Drilling highlights: The first hole to target the Kearney vein from an underground drill platform returned two high-grade intersections: 17.7 grams per tonne (g/t) gold (Au), 50.9 g/t silver (Ag) and 4.6% lead (Pb) over 2.5 metres; including 30.5 g/t Au, 60.8 g/t Ag and 4.4% Pb over 0.8 metres (see Table 1 for details). This shallower intersect, occurring at approximately 136.5 metres vertical depth from surface, provides continuity to a parallel-running zone of mineralization 13 metres west of the main Kearney vein and this structure will be tested with further underground drilling. 10.8 g/t Au, 23.6 g/t Ag and 3.3% Pb over 1.5 metres. This intersection at 176.3 metres vertical depth penetrates a gap in the current resource model. Surface drilling targeting the Joshua vein is also in progress and results for the first of these holes are as follows: 7.7 g/t Au, 24.3 g/t Ag and 0.6% Pb over a 2.7-metre downhole intersection. Mario Stifano, CEO of Galantas, commented: “We are very encouraged by the positive start to the surface and underground exploration program consisting of 4,000 metres of diamond drilling on the Kearney and Joshua veins – two of many high-priority targets on the Company’s land package. Underground drilling on the Kearney vein is testing deeper extensions of mineralized zones, and targeting higher widths of mineralization within the vein. Drilling will also target continuity and grade of additional mineralized zones running parallel to the main orebody.” Drill results are expected to support the mine plan as the Company moves into a new phase of underground mining and accelerated development. The Company has currently completed 2,000 metres of underground development at the Kearney vein and development is currently within 240 metres of accessing the Joshua vein. 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-21-UG-168 140.5/43.5 2.5 1.2 136.5 17.7 50.9 4.6 8.7 including 0.8 0.4 30.5 60.8 4.4 11.4 And 142.3/4...