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Micon International to Prepare Updated Mineral Resource Estimate For Galantas Gold’s Omagh Project in Northern Ireland
TORONTO, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce the a
About this update from Galantas Gold Corporation
[{"type":"text","content":" TORONTO, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce the appointment of Micon International Limited (“Micon”) to produce a NI 43-101-compliant Mineral Resource Estimate for the Company’s Omagh Gold Project in Northern Ireland. Mario Stifano, CEO of Galantas, commented: “Galantas has completed more than 4,100 metres of drilling during the last year, in our largest exploration program since the 2014 resource estimate. We have accumulated a substantial amount of data, including a number of new intercepts in the inferred resource, and chip channel sampling from five levels of underground development, in addition to the discovery of dilation zones – a pattern of vein swelling and grade increases – identified at both Kearney and Joshua veins. Our deeper understanding of dilation zones and structural controls enables us to now target drilling at the Kerr Vein system, located between the main Kearney and Joshua veins, to test its potential on the northern extension. “We expect a proportion of the 2014 resources to be upgraded, and for gaps in the resource to be filled in. We are also excited for the dilation zones to be remodelled into the resource, and look forward to providing the new Mineral Resource Estimate by Q2 2023.” Highlights of 2021-22 drilling1 that will be incorporated in the upcoming Mineral Resource Estimate: 31.7 grams per tonne (g/t) gold (Au) and 58.5 g/t silver (Ag) over a 7-metre core intersect at the Kearney Vein. 17.4 g/t Au and 74.6 g/t Ag over a 13.1-metre core intersect at the Joshua Vein. 10.1 g/t Au and 93.5 g/t Ag over a 6.5-metre core intersect at Joshua. 26.7 g/t Au and 88.2 g/t Ag over a 2.9-metre core intersect at Kearney. 21.4 g/t Au and 32.9 g/t Ag over a 2.4-metre core intersect at Kearney. 31.8 g/t Au and 39.2 g/t Ag over a 4.4-metre core intersect at Kearney. 1 Drill holes were HQ size and drilled using a triple tube method to maximize core recovery. The samples were analyzed (gold by fire assay and other metals by ICP-ORE) at ALS Laboratory Ltd (ISO 17025) of Galway, Ireland. Data has been rounded to 1 decimal place. All assays are reported without application of a top cut. For full results, see Galantas news releases dated October 12, 2021, November 24, 2021, December 13, 2021, January 31, 202...