GALANTAS GOLD CORPORATION Galantas Gold Corporation announced the results for the first hole from the new surface drill program at the Omagh Project in Northern Ireland. Hole FR-DD-23-196 targeted a gap in the earlier resource model on the main Joshua Vein, intersecting 13.1 grams per tonne (g/t) gold (Au) and 91.6 g/t silver (Ag) over 2.5 metres. The hole passes through an undrilled area of the earlier resource model and falls within a predicted dilation zone.
Other significant results attained within this dilation trend include hole OM-DD-12-122 which intersected 21.2 g/t Au over 2.1 metres, hole OM-DD-13-147 which intersected 12.4 g/t Au over 5.6 metres, and hole OM-DD-12 -103 which intersected 8.4 g/t Au Over 26.6 metres. Table 1: Summary of drill results. Scientific and technical disclosures in this have been reviewed and approved by Dr. Sarah Coulter, who is considered, by virtue of her education, experience and professional association, a Qualified Person under the terms of NI 43-101.
Dr. Coulter is not considered independent under NI 43-101 as she is the Chief Geologist of Galantas Gold Corporation. Galantas Gold operates according to rigorous internal Quality Assurance and Quality Control (QA/QC) protocols with respect to the insertion of blanks, standards and duplicates into the sample stream prior to dispatch to ALS Laboratory, which are consistent with industry best practices. The QP has reviewed the QA/QC results in relation to these drill results and is satisfied that the results as reported are reliable.
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No.596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. It also trades on the OTCQX Exchange under the symbol GALKF. The Company's strategy is to create shareholder value by operating and expanding gold production and resources at the Omagh Project in Northern Ireland, and exploring the Gairloch Project hosting the Kerry Road gold-bearing VMS deposit in Scotland.
