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Galantas Gold Underground Development at Omagh Gold Mine Reaches Vein on Fourth Level
TORONTO, July 22, 2019 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (“Galantas” or “the company”) (TSXV & AIM : Symbol GAL) is pleased to report progress at th
About this update from Galantas Gold Corporation
[{"type":"text","content":" TORONTO, July 22, 2019 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (“Galantas” or “the company”) (TSXV & AIM : Symbol GAL) is pleased to report progress at the Omagh gold mine. An access drive on the fourth (1060) level has intersected the Kearney vein ahead of schedule. The intersection shows strongly developed mineralization. The north and south faces of the vein were channel sampled. The average of the two channels was 8.35 g/t gold over an average true width of 2.65 metres. The vein intersection is expected to allow in-vein development both north and south on the fourth (1060) level. Development on the fourth level is anticipated to produce increased feed tonnage to the processing plant, which produces a concentrate sold under an off-take contract. Development on the third (1072) level continues southwards with gold grades within the expected range. A drivage from the 1072 access has been taken northwards, in-vein, for approximately 40 metres (July 19, 2019). Mineralisation beyond the first 20 metres is currently excluded from the geological model, due to paucity of data. The mineralization was shown to be persistent and has been followed in an in-vein development. Two channel samples taken across the face as the drivage was developed at 24.1m and 27.6m into the third level (1072) north development showed a grade of 6.2g/t gold and 16.3 g/t gold respectively, each with a true width of 3 metres. The vein will continue to be followed northwards on the third (1072) level and elevates potential for additional mineralisation to be added to the resource model if discovered on the adjacent first (1096), second (1084) and fourth (1060) levels, which have not yet accessed this area. To June 30, 2019 approximately 1623 metres of drivage have been completed since underground development commenced. The in-vein portion of the development is designed to form lower and upper access to future stoping blocks for production. Detailed geological information collected during in-vein development allows the geotechnical design of the various blocks to be optimized and the geological model to be refined. A second shift was added to the processing plant operations, as planned, early in the second quarter of 2019. An expansion to three shifts is planned for the third quarter. Roland Phelps, President & CEO, Galantas Gold Corporation...