Galantas Gold Corporation announced it was conducting a new technical review of exploration work, including a proposed core drilling programme, at Cavanacaw mine in Omagh, Northern Ireland.
The Canadian company has said its licensed area holds more than three million ounces of gold which is wants to “aggressively explore”.
Galantas said that the exploration report from May 2020 indicated enhanced drilling opportunities with the potential to expand and further define the resource base local to the mine development.
However, following a review the company said that the exploration report was not the current technical report as defined by Canadian National Instrument 43-101.
The new technical report, which replaces a now outdated one from 2014, started at the end of October 2020 and is likely to include the results of chip channel samples taken during recent mine development on-vein.
These are currently receiving additional quality assurance and quality control evaluation.
The report will also include results of core drilling taken place since 2014 and may potentially include additional drilling.
“A programme conducted in 2015 included cores drilled on the Joshua vein,” said Galantas in a statement.
“Core 155, which was amongst those reported in detail on January 25, 2016, included a 13 metre (true width) intersect with a gold grade of 9.9g/t, 30.3g/t silver and 0.6% lead, at an estimated depth of 117.2 metres.
“This is the widest high-grade gold intersect yet drilled on the Omagh property and represents the largest accumulation of gold discovered here so far.
“Core 154, included in the 2015 programme, encountered a new vein (Kestrel) of high grade gold mineralisation, approximately 70m to the west of the Joshua vein.
“The drill results assayed 35.8 g/t gold, 85.8 g/t silver and 4.9% lead over 0.7m true width at an approximate depth of 42.4m.
“Core 153, approximately 156m to the north presented potential for a continuation of the Kestrel vein.”
Details of the potential drilling programme, which will concentrate on Kearney, Kerr, Joshua and Elkins veins, will be conducted mainly underground.
Galantas Gold Corporation’s assets include a 100% interest in a subsidiary, which has sole rights to a 435 km2 prospecting licence and associated mining leases in County Tyrone, Northern Ireland, as well as licences in the Republic of Ireland.
One Reply to “Galantas starts new review of Cavanacaw”
Comments are closed.