Galantas Gold Corporation reported a parallel high grade intercept from the second underground hole in its 4,000m drilling programme at Cavanacaw mine in Omagh, Northern Ireland.
KEARNEY VEIN
The second hole was drilled from the lowest level in the underground development at the Kearney vein.
Two two intersections returned 26.7 g/t gold, 88.2 g/t silver and 3.5% lead over 2.9 metres; including 79.5 g/t gold, 281.4 g/t silver and 10.6% lead over 0.9m.
The Canadian company said that the result demonstrated further continuity to a zone of mineralisation running parallel to the main Kearney vein.
This was previously intercepted in the first hole of 17.7 g/t gold, 50.9 g/t silver and 4.6% lead over 2.5m.
Galantas added that the second, deeper intersect hit the main Kearney vein within the inferred resource and returned 5.8 g/t gold, 14.2 g/t silver and 0.2% lead over 1.8m.
| Hole ID | Azimuth/Dip (degrees) | Intersect (m) (downhole) | Est. true width (m) | Intersect vertical depth (m)* | Gold (g/t) | Silver (g/t) | Lead (%) | Core loss (%) |
| FR-DD-21-UG-170 | 67.4/55.4 | 2.9 | 1.6 | 134 | 26.7 | 88.2 | 3.5 | 0 |
| including | 0.9 | 0.5 | 79.5 | 281.4 | 10.6 | |||
| And | 68.3/56.1 | 1.8 | 1.0 | 152 | 5.8 | 14.2 | 0.2 | 0 |
OPPORTUNITY
Chief executive Mario Stifano said that the company was advancing plans to start mining in early 2022.
“The additional high-grade intercept in a parallel vein with continuity demonstrates the potential to discover additional high-grade mineralisation at Omagh and expand the gold resources.
“With the deposit remaining open on strike and to depth, Galantas’ Omagh project provides the rare opportunity to significantly grow high-grade resources while producing gold.”