Galantas Gold Corporation plans to surface drill test the Kearney North target for a northern extension at Cavanacaw in Omagh, County Tyrone.
POTENTIAL
The Canadian company said that the deposit area had “well developed” sulphide rich, gold-bearing veins.
“Geological modelling suggests that a concealed ore shoot may lie to the north of the site at greater depth.
“The target area, approximately 180 metres north of the current extent of the main Kearney vein, coincides with a historical Pionjar (base of till) anomaly of 31.5 grams per tonne gold.”
Drilling has shown that the Kearney vein system has a strike length of approximately 850m and remains open at depth down plunge.
“The vein is well developed in the ‘Cavanacaw Member’, a competent host lithology, ” added Galantas.
“This host unit dips to the north and is expected to lie beneath a pelitic horizon in the current target area.”
The drill programme comprises three drill holes for 1,000 metres to test the Kearney vein extension at depths over 200m.
Chief executive Mario Stifano added: “We’re keen to return to surface drilling this year to test for a northern extension of the main Kearney vein, and to explore for further dilation zones.
“We previously drilled 32 grams per tonne gold over 4.4 metres, and 32 grams per tonne gold over 7 metres within dilation zones on the Kearney vein.
“In this programme, we are aiming to uncover the exciting potential to extend the resource northwards and build on our existing high-grade gold resources.”