GALANTAS GOLD CORPORATION Galantas Gold Corporation announced the results of the fifth exploration drill hole at the Gairloch Project in Scotland. Drill program: Drill hole 23-GL-05 was a vertical hole drilled 22 metres east of hole 23-GL-04, intersecting the mineralized unit at 10 metres down to 44.25 metres. This hole targeted a geophysical anomaly and also acted as a stratigraphic hole.
Previously unknown zones of mineralization were identified for a further 100 metres below the main mineralized zone down to a depth of 144 metres. This drilling program was localized within 100 metres of where the mineralized unit is exposed at surface. Historical drilling identified a 1 km-long mineralized trend which the Company will aim to explore and expand in the coming year.
The deepest intersection to date has been in historical hole GBH82 collared 620 metres to the southeast of the current hole, which intersected 5 metres at 1.07 g/t Au and 1.75% Cu at 250 metres depth. Gairloch Project overview: The Kerry Road deposit is a stratabound, Besshi-style, VMS gold-copper-zinc deposit exposed at surface. It is one of the oldest known Besshi deposits, similar in age to the Sherridon district in Manitoba, Canada.
The Kerry Road deposit was discovered by Consolidated Goldfields in the 1970s where 87 holes were drilled over 9,189 metres. No commercial exploration has taken place since then until 2018 when drilling by GreenOre Gold PLC (GreenOre) confirmed the presence of mineralization at Kerry Road by intersecting 1.0 g/t gold, 0.9% copper and 0.6% zinc over 17 metres. Rock chip sampling conducted by GreenOre in 2018 also identified elevated levels of cobalt in the bedrock.
The Kerry Road deposit lies within the Gairloch Schist Belt, a Paleoproterozic volcanic arc terrane extending over 25 km. The unit of interest is a quartz carbonate schist with the main minerals being chalcopyrite, sphalerite, pyrite and pyrrhotite. Limited exploration has been conducted over the area in recent years.
The British Geological Survey (BGS) identified an outcrop of 4 g/t Au in their MRP146 report of the area, associated with a significant geophysical anomaly approximately 10 km south of the Kerry Road deposit, yet the area remains untested. This area is one of multiple targets identified by Galantas for follow-up exploration. Galantas has acquired a 100% interest and the exclusive rights to explore and develop the Gairloch Project, a 217 km² mineral licence area covering the Gairloch Schist Belt.
Qualified Person and Quality Assurance and Control: The technical and historical information in this release has been reviewed and approved by Gavin Berkenheger (CGeol, EurGeol) who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Berkenheger is not considered independent under NI 43-101 as he is a consultant of Galantas Gold Corporation. Galantas Gold operates according to rigorous internal Quality Assurance and Quality Control (QA/QC) protocols with respect to the insertion of blanks, standards and duplicates into the sample stream prior to dispatch to ALS Laboratories, which are consistent with industry best practices.
The QP has reviewed the QA/QC results in relation to these drill results and is satisfied that the results as reported are reliable. Drill hole 23-GL-05 was positioned 22 metres east of hole 23-GL-04 and drilled at -90 degrees dip in NQ core size. Core samples were split in half in mainly metre-long samples, inserting regular blanks, standards and duplicates for QA/QC purposes.
Analysis was conducted by ALS Laboratories in Loughrea, Ireland. Samples were prepared using PREP-31B crush to 70% less than 2mm, rifle split off 1kg and pulverize split to better than 85% passing 75 microns. Multi-element analysis was conducted using ME-ICP61 a four acid digestion with ICP-AES finish.
Gold was analyzed using Au-AA25 ore grade fire assay.
