02:00 Mon 26 Jul 2021
Galantas Gold Corp - Commencement of New Exploration Drilling Program
GALANTAS GOLD CORPORATION
GALANTAS GOLD TO COMMENCE NEW EXPLORATION DRILLING PROGRAM AT OMAGH
An overview of the location of the main veins relative to other drill targets and historical significant vein intersects on the Joshua and Kearney veins can be viewed at the following link: http://www.rns-pdf.londonstockexchange.com/rns/3344G_1-2021-7-23.pdf
The Company has currently completed 2,000 metres of underground development at Kearney and development is currently within 240 metres of accessing the Joshua vein. Development has recently restarted on the Joshua decline.
The surface drilling program will target the Joshua vein. The Company will follow up on its best intersection to date of 21.6 metres of 9.9 grams per tonne (g/t) gold (13 metres true width) at a vertical depth of 117.2 metres (hole OML-DD-15- 155), which was identified towards the end of the last drilling program in 2015, as announced 25th
the significant exploration upside at Omagh, on the heels of our oversubscribed private placement. This exploration program represents a critical opportunity for Galantas to extend the mine life and expand high-grade gold production."
Galantas Gold Appoints Market Maker
The Company also announces that it has retained Independent Trading Group ("ITG") to provide market making services in accordance with TSX Venture Exchange policies.
ITG will trade the securities of Galantas on the TSX-V for the purposes of maintaining an orderly market. In consideration of the services provided by ITG, the Company will pay ITG a monthly cash fee of
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of
Qualified Person
Scientific or technical disclosures in this press release have been reviewed and approved by Dr.
About Galantas Gold Corporation
Galantas Gold Corporation is a Canadian public company that trades on the TSX-Venture Exchange and the London Stock Exchange AIM market, both under the symbol GAL. The Company's strategy is to create shareholder value by operating and expanding
Enquiries
Galantas Gold Corporation
Mario Stifano: Chief Executive Officer
Email: info@galantas.com
Website: www.galantas.com
Telephone: +44 (0)28 8224 1100
Grant Thornton UK LLP (AIM Nomad)
Philip Secrett, Harrison Clarke, George Grainger
Telephone: +44(0)20 7383 5100
Panmure Gordon & Co (AIM Broker & Corporate Adviser)
Nick Lovering, Hugh Rich
Telephone: +44(0)20 7886 2500
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