Galantas Gold Corp - Canadian miner - Completes drilling of second hole as part of 4,000 metre drilling program at Omagh project in Northern Ireland.
Second drilling hold return two intersections, the first being 26.7 grams per tonne of gold, 88.2 grams per tonne of silver and 3.5% lead over 2.9 metres. The second intersection returned 5.8 grams per tones of gold, 14.2 grams per tonne of silver and 0.2% lead over 1.8 metres.
"The additional high-grade intercept in a parallel vein with continuity demonstrates the potential to discover additional high-grade mineralization at Omagh and expand the gold resources as the company advances its plans to commence mining early in the new year. 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," says Chief Executive Officer Mario Stifano.
Current stock price: 25.00 pence, up 4.2% on Wednesday
Year-to-date change: up 61%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Galantas Gold (GAL)