Galantas gold

The Company is also pleased to have recently received full planning permission to drill eight boreholes from three locations within the mine site. The holes will target a southern portion of the main Joshua Vein, galantas gold.

Galantas owns and recently operated a producing open pit gold mine near Omagh, County Tyrone, Northern Ireland. The mine also produces by-product silver and lead. A metals concentrate is produced by safe, non-toxic processing and sold under contract. Following the granting of planning permission, the company continues to mine underground with around three kilometres of underground development completed so far. Development on-vein produces feed for the processing plant.

Galantas gold

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Galantas geologists have noted silicification associated with gold-bearing quartz veins at Cavanacaw. The structural setting is therefore similar to that at the mine site.

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The Debentures issued pursuant to the Debt Settlement are subject to a four-month hold period under applicable Canadian securities laws which will expire on June 6, 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. This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of and applicable Canadian securities laws, including the timing and ability of the Company to receive the final acceptance of the TSX Venture Exchange for the Debt Settlement, and the plans, operations and prospects of the Company. Forward-looking statements are based on estimates and assumptions made by Galantas in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that Galantas believes are appropriate in the circumstances. Many factors could cause Galantas' actual results, the performance or achievements to differ materially from those expressed or implied by the forward looking statements or strategy, including: gold price volatility; discrepancies between actual and estimated production, actual and estimated metallurgical recoveries and throughputs; mining operational risk, geological uncertainties; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution; competition; loss of or availability of key employees; additional funding requirements; uncertainties regarding planning and other permitting issues; and defective title to mineral claims or property. These factors should be considered carefully, and persons reviewing this news release should not place undue reliance on forward-looking statements. Galantas has no intention and undertakes no obligation to update or revise any forward-looking statements in this news release, except as required by law. 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. Upon the publication of this announcement, this inside information is now considered to be in the public domain. Accessibility: Skip TopNav.

Galantas gold

Fully-permitted mine meets environmental standards, monitored with detailed studies by the Northern Ireland Environment Agency and used a safe processing methodology to produce a smelter concentrate. Ownership of initial open pit mine, processing plant, tailings facility and water clarification ponds. Multiple high-grade veins with significant exploration potential for resource upgrade and discovery over Melquart Limited —

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The area was explored by RioFinex in the late s. Testing the down-dip potential of the dilation zones at Joshua could aid in resource expansion and ultimately add to the Omagh Mine's production capacity. See our Cookie Policy for more information. This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of and applicable Canadian securities laws, including results of exploration and mine development programs at the Omagh Project and Gairloch Project. ETFs Funds Trusts. We use this information to make our site faster, more relevant and improve the navigation for all users. The Elkins, Pigeon Top and Cornavarrow targets are shown in Figure 1 and are situated along a six-kilometre strike. I consent. Cookies are used to make this website work and to enhance your experience. Primary Health Properties - Winning returns, lowest costs 20 Feb. The effectiveness of the IP method for defining mineralization targets in this terrain was tested by the Company in when it ran a similar survey over the Elkins Vein. Samstag, 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. Mario Stifano, CEO of Galantas, commented: "It's exciting to note that a strong north-south trending resistor was identified at the Cornavarrow target, with a similar signal to that generated over a gold-bearing structure close to the mine in

Not for distribution to United States news wire services or for dissemination in the United States. The Offering was oversubscribed. The net proceeds of the Offering are expected to be used for exploration, including follow-up drilling targeting the high-grade dilation zones to depth at the Joshua Vein and the recently identified Kerr Vein target, development at Galantas' gold project in Northern Ireland, as well as exploration at the recently announced gold-rich volcanogenic massive sulphide project in Scotland, and for general working capital purposes.

Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. To learn more about the types of cookies this website uses, see our Cookie Policy. No diamond drilling has been conducted in the area to date. Sarah Coulter, who is considered, by virtue of her education, experience and professional association, a Qualified Person under the terms of NI Strictly Necessary and Functional. Register or. Key historical exploration data shown for reference. The target area sits largely within the 'Cavanacaw Member', a competent lithology just north of a thrust fault. All topics Figure 2: Contoured apparent resistivity data over Cornavarrow target. Cookie Policy Overview This website uses cookies so that we can provide you with the best user experience possible. Samstag,