(Sharecast News) - Galantas Gold announced on Thursday that its subsidiary, Flintridge Resources, has appointed QME of Ireland as a mining contractor.
The AIM-traded firm said QME would develop the access and exploration drives to the Joshua Vein at its Omagh Gold Project in Northern Ireland.
It said QME's project scope comprised a total of 600 metres of underground development, and was expected to start in January.
Development to an exploration drive was expected to be completed by May, followed by access drives to two mining levels at the Joshua Vein in the third quarter of 2023.
"This project is very exciting on two major fronts - to allow early detailed exploration drilling at depth on the Joshua Vein and simultaneously increase production capability from the Joshua Vein to supplement production from the Kearney Vein," said chief executive officer Mario Stifano.
"This will greatly assist in fully defining resources at the Joshua Vein while bringing the Omagh Mine to a stable level of production.
"With intercepts such as 17.4 grams per tonne gold and 74.6 grams per tonne silver over a 13.1-metre intersect, we look forward to continued drilling success along the new exploration drive at Joshua."
At 14112 BST, shares in Galantas Gold Corporation were down 1.54% at 32p.
Reporting by Josh White at Sharecast.com.
Galantas Gold (GAL)