Galantas Gold Corporation said that new geophysical surveys indicated the potential presence of gold-bearing structures near the Cavanacaw gold mine in Omagh, Northern Ireland.
TEST GRIDS
The company recently conducted induced polarisation (IP) gradient array surveys close to the mine to determine the value of the gradient array method not previously tried in the area.
Two one-square-kilometre test grids covered targets previously identified by other methods.
The East rigId incorporated the Elkins vein about 500 metres east of the main Kearney Vein.
The West grid covers a historical gold anomaly cluster at Pigeon Top approximately 1,500 metres west of the Joshua vein.
DRILL TARGETS
Chief executive Mario Stifano said that the early findings in the company’s exploration activities were encouraging.
“It is the first time ground geophysical surveys were conducted on the property since the 1980s when Rio Tinto explored the area.
“These results, combined with high-grade gold samples at the target areas, provide us with new drilling targets and demonstrate that induced polarisation surveys offer an effective exploration tool in this part of the Tyrone gold district.
“The results strengthen our belief in the prospectivity of our 549-square-kilometre district-scale exploration licence to build on our high-grade gold resources at Cavanacaw.”