Mineralisation at the Gairloch project has expanded based on Galantas Gold Corp’s drill results from the third and fourth exploration holes and prospecting samples.
TREND
The Canadian company has localised current drilling within 100 metres of where the mineralised unit is exposed at surface.
Hole 23-GL-04 intersected 4.42 g/t gold, 0.71% copper, 0.52% zinc, 69 g/t cobalt and 3.74 g/t silver over 31m, including 15.46 g/t Au, 0.80% Cu, 1.91% Zn, 133 g/t Co and 6.35 g/t Ag over 6.95m.
Galantas said that the hole was a 15m step out from the known historic deposit area.
Hole 23-GL-03 intersected 1.34 g/t Au, 0.86% Cu, 0.16% Zn, 82 g/t Co and 3.20 g/t Ag over 18m.
Prospecting identified 0.91 g/t gold in bedrock 1.4km from recent drilling, as well as 34.3% iron and 0.19 g/t gold in bedrock within a 10m-wide banded iron formation.
LARGE SCALE
With the completion of five holes for 580m over the main deposit area, the company will focus on generating additional drill targets along strike of the deposit.
Historical drilling identified a 900m-long mineralised trend which the Canadian company aims to explore and expand in the coming year.
“We’re excited by the high grade and thick zones from drill results to date at the Gairloch project, indicating a potential large-scale mineralising system,” added chief executive officer Mario Stifano.
“We are keen to establish new target areas for further drill testing and resource drilling, to unlock the full potential of the 217 km² land package covering the Gairloch schist belt.”