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Galantas Gold to Commence Drilling at the 10 km Gairloch Gold-Rich VMS Project
TORONTO, April 18, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce that
About this update from Galantas Gold Corporation
[{"type":"text","content":" TORONTO, April 18, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce that drilling at the newly acquired Gairloch Project will commence in the coming weeks. Drill mobilization has commenced for an initial 800-metre program targeting the Kerry Road deposit, including testing the depth potential of near surface mineralization. Historical Exploration Highlights*: 11.29 grams per tonne (g/t) gold (Au), 0.58% copper (Cu), 2.44 g/t silver (Ag), and 0.19% zinc (Zn) over 16 metres. 3.16 g/t Au, 0.90% Cu, 3.39 g/t Ag and 0.51% Zn over 18 metres. 1.46 g/t Au, 1.86% Cu, 1.65 g/t Ag, and 1.08% Zn over 20 metres. 9.59 g/t Au, 1.17% Cu, 2.58 g/t Ag, and 0.55% Zn over 5.5 metres. 1.5 g/t Au, 5.92% Cu, 16.5 g/t Ag, and 0.54% Zn over 6 metres. *True widths not known. Historical drill hole data obtained from logs written by Consolidated Gold Fields Limited in 1979 and 1980, scanned copies supplied by the British Geological Survey. The drill program aims to target the mineralized outcrops at Kerry Road, testing the deposit down dip southeastwards as well as the lateral extension to the northeast and southwest. A deeper hole (~350 metres) is planned to test beneath the Kerry Road deposit as historical drilling ceased after intercepting the main sulphide horizon. This stratigraphic hole will provide Galantas with better understanding of the local geology, as well as test for other sulphide horizons expected to be found in the area based on the knowledge of other similar deposits around the world. Mario Stifano, CEO of Galantas, commented: “We are eager to kick-off drilling at this underexplored region of Scotland. The Gairloch Project offers a fantastic opportunity for Galantas to diversify and build its portfolio having acquired some of the best exploration ground in the country in a gold-bearing volcanogenic massive sulphide (VMS) setting with known mineralization over 10 km and a number of high-priority targets that have yet to be tested.” Gairloch Project Overview The Kerry Road deposit is a stratabound, Besshi-style, VMS gold-copper-zinc deposit exposed at surface. It is one of the oldest known Besshi deposits. The host rocks at Gairloch appear to be geologically similar to those in the Trans-Hudson Orogen in Manitoba and Saskatchewan which contain the p...