Galantas Gold Corporation said its drill programme results had shown dilation zones at the Joshua and Kearney veins in Cavanacaw mine in Omagh, Northern Ireland.
RESULTS
The Canadian company’s 4,000m drill programme includes three holes drilled from the underground development at the Kearney vein.
Hole FR-DD-22-UG-186 targeted a dilation zone within the Kearney vein and intersected 31.8 g/t Au and 39.2 g/t Ag over 4.4m, including 69.6 g/t Au and 86.6 g/t Ag over 1.4m.
Other intersections within this same hole include 10.4 g/t Au and 29.4 g/t Ag over 3.3m, and 6.7 g/t Au and 6.8 g/t Ag over 1.2m on the ‘B-lens’.
Hole FR-DD-22-UG-182 targeted the main Kearney vein and intersected 8.9 g/t Au and 36.4 g/t Ag over 2.1m.
This is approximately 25m south of the previously reported FR-DD-22-UG-181 intersection of 31.7 g/t Au and 58.5 g/t Ag over seven metres.
Galantas previously identified dilation zones with potential for higher widths of mineralisation within the Kearney underground development, believed to be linked on shallow north-dipping planes.
PLANNED DRILLING
Chief executive Mario Stifano said that development of the underground decline would allow deeper drilling and more precise targeting of dilation zones to the south at Kearney, planned later this year.
“Drilling is also planned from the 1084 level, with the aim of identifying and delineating new dilation zones to the north at Kearney.
“The company has successfully commissioned the secondary egress and has now commenced blasting of our first stope at Omagh.”
GUIDANCE
Mr Stifano added that, although taking longer than expected, the company had transformed into an underground miner with a trained workforce and rehabilitated mine and mill.
“The company is reviewing our mine plan and production guidance for the next 16 months including the timing to advance development to the higher grade Joshua vein to provide multiple mine headings as well as underground drill platforms to extend the mineralisation to depth and test new targets.”