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Galantas Gold clarifies planning status for Kestrel discovery

Kestrel is located s within land covered by existing planning consent, though additional planning permission may be required.

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The discovery was made last month.

Galantas Gold (LON:GAL, CVE:GAL) has updated investors on planning issues concerning the Kestrel gold discovery, close to its underground mine in Omagh, Northern Ireland.

A month ago the company announced the discovery of the Kestrel vein, which is within land covered by its planning consent and, at that time, it noted that mining was permitted on this part of the mine.

Today, in a statement, it clarified: “The company has now been advised that although the freehold land overlying the Kestrel vein is owned by the company and was covered in its planning permission, mining of the new vein may not be included.”

“Were commerciality of the vein to be determined, the vein would be worked by underground means, from the neighbouring Joshua vein and for the avoidance of doubt, planning permission would be secured prior.”

Galantas also said that the land surface at the project would be unaffected and no environment impact would be expected.

Quick facts: Galantas Gold Corp

Price: 18.25 GBX

AIM:GAL
Market: AIM
Market Cap: £6.42 m
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