Galantas Gold Corporation announced completion of due diligence as part of work on a sustainable mine plan at the Cavanacaw gold mine in Omagh, Northern Ireland.
DILATION ZONES
QME Mining Services (NI) Ltd Ireland conducted the work with the plan expected to be ready in July 2023.
The plan will allow Galantas to develop and mine of ore zones further down to the existing lower levels of the mine.
The plan also aims to optimise production from the dilation zones, which have the potential for higher grades and thicker widths of mineralisation.
It will also outline a staged production plan, estimating the initial production levels, followed by staged expansions of production.
Galantas said this would be a less costly way of de-risking the increase in production, while the company continues to focus on exploration and expanding its mineral resources.
The mine plan will involve mining both the Joshua and Kearney veins.
QME
QME conducted development and bulk sampling of Dalradian Gold’s project located 20km from Cavanacaw.
QME holds 3,194,444 shares in Galantas.