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Galantas Now Developing Kearney Vein On Second Mining Level At Omagh

LONDON (Alliance News) - Galantas Gold Corp on Monday said that the Kearney vein at its Omagh ...

Alliance News 11 February, 2019 | 11:54AM
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LONDON (Alliance News) - Galantas Gold Corp on Monday said that the Kearney vein at its Omagh gold mine in Northern Ireland is now in development on a second mining level.

The main development tunnel has progressed and reached 52 metres past the 50 metre long access branch on the second level to its junction with the Kearney vein.

The interval between the levels will be mined by a long-hole method, which will use cemented rock and tailings as backfill support.

Galantas noted that drill core OM-DD-06-14 had intersected strong gold mineralisation seven metres to the south of the junction of the 1084 access and Kearney vein, intersecting a grade of 10.3 grams of gold per tonne of ore over a length of 3 metes, including 1 metres at 27 grams of gold per tonne of ore, 170 grams of silver per tonne of ore, and 6.5% lead.

"Current production is sourced from the mining of on-vein drives, which have to be developed before stoping panels are mined. I am pleased that development progress has accelerated significantly with the continued investment in training, operator experience and equipment and that the excellent safety record is being maintained," said President & Chief Executive Roland Phelps.

Shares in Galantas were flat at 6.12 pence on Monday.

By Anna Farley; annafarley@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Galantas Gold Corp 3.80 -
Galantas Gold Corp 0.05 CAD -16.67 -

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