Galantas Gold drills 2.87% copper over 17.9 metres at Gairloch, Scotland
Galantas Gold Corp. [GAL-TSXV; GALKF-OTCQX] reported results of the first exploration drill hole at the Gairloch project in Scotland. Galantas Gold holds exploration and development rights to the Gairloch Project, a 217 km² mineral licence area in Scotland that covers the Gairloch Schist Belt.
Drilling highlights: Cobalt and vanadium, which are part of the UK’s list of critical minerals, have been discovered, in addition to other minerals that are important raw materials enabling the transition to clean energy, including copper, silver, titanium and zinc.
Hole 23-GL-01 intersected 2.87% (Cu), 0.77 g/t gold (Au), 0.46% zinc (Zn), 0.03% cobalt (Co) and 7.52 g/t silver (Ag) over 17.90 metres, including 5.08% Cu, 0.46 g/t Au, 0.35% Zn, 12.93 g/t Ag, 0.01% Co, 0.23% titanium (Ti) and 176 g/t vanadium (V) over 1.68 metres.
Four holes have been completed over the main deposit area totaling 190.4 metres, with another two holes planned by August.
While the titanium and vanadium grades are low in this first hole, it indicates their presence within the system and the potential to discover higher grades.
This drill hole is part of a program of six holes aiming to test the Kerry Road deposit which has seen limited historical drilling and has never had a resource estimate. The mineralized horizon intercepted in the first hole 23-GL-01 was observed within a quartz carbonate rich unit sandwiched between hornblende schist. The sulphide within this horizon was predominantly massive and semi-massive pyrrhotite and chalcopyrite.
Two further holes are planned – one which will test the mineralization at a deeper level and a deep hole to test below the current deposit.
Mario Stifano, cCEO, commented: “This is a fantastic result for our first drill hole in Scotland demonstrating significant polymetallic grades. The discovery of new critical minerals is a major development for the project and we look forward to reporting further results as they become available.”
Prospecting has identified multiple massive sulphide horizons in outcrop at newly exposed bedrock from a road cutting 1.5 km east of the Kerry Road deposit. Further prospecting will continue along trend towards the Gorm Lochs Prospect which lies 10km south of Kerry Road. Historical samples collected at the Gorm Lochs include up to 4 g/t Au in outcrop.
Hole 23-GL-01 was positioned over the outcropping mineralization and drilled at 45 degrees dip in NQ core size. Core samples were split in half in mainly metre-long samples, inserting regular blanks and standards for QA/QC purposes. Analysis was conducted by ALS Laboratories in Loughrea, Ireland.
Galantas Gold’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.