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Galantas Gold Corp

Galantas Gold says judgement on appeal against the company's planning consent to come on November 23

The gold-mine developer and explorer noted that an applicant sought to have the company's planning consent for its Omagh gold mine quashed via a judicial review in Belfast's High Court

Gold mine
It added that the company's consent was confirmed as a result of that judicial review but the applicant appealed against that decision in the Court of Appeal

Galantas Gold Corp (LON:GAL) has been advised by the Court Of Appeal that the appeal against the company's planning consent has been listed for judgement on Friday 23 November 2018 at 10.00am.

The Northern Ireland gold-mine developer and explorer noted that an applicant sought to have the company's planning consent for its Omagh gold mine quashed via a judicial review in Belfast's High Court.

READ: Galantas has now restarted concentrate production at the Omagh gold mine in Ireland

It added that the company's consent was confirmed as a result of that judicial review but the applicant appealed against that decision in the Court of Appeal and it is this judgement that is awaited.

Planning consent for an underground operation at the Omagh site, now subject to the result of the judicial review appeal, was granted in 2015 and permits the continuation and expansion of gold mining, following the exhaustion of accessible resources available to the previous open pit operation.

The underground mine, which is in active development, will utilise the same processing methods and the processing plant has received a partial upgrade.

The strategy is to establish the underground mine and look for further expansion of gold resources on the property, which has many undrilled targets.

Underground development of a decline tunnel, located at the base of the existing open pit, commenced in the first quarter of 2017. After overcoming initial difficulties, tunnelling continued through 2017 and continues in 2018.

A detailed plan is being implemented to accelerate progress in line with the planning consent. The main decline tunnel descends at a slope of 1 in 7, from near the base of the former Kearney open pit.

Quick facts: Galantas Gold Corp

Price: £0.04

Market: AIM
Market Cap: £12.14 m
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Watch

Galantas Gold seeing 'racy' grades at Omagh as development work advances

Galantas Gold Corporation's (LON:GAL) roland Phelps tells Proactive London's Andrew Scott they've hit more strong gold indications from work at the Omagh mine in Northern Ireland. An access drive on the fourth (1060) level intersected the Kearney vein ahead of schedule.

on 22/7/19

2 min read