Drilling highlights:
- The first hole to target the
Kearney vein from an underground drill platform returned two high-grade intersections:- 17.7 grams per tonne (g/t) gold (Au), 50.9 g/t silver (Ag) and 4.6% lead (Pb) over 2.5 metres; including 30.5 g/t Au, 60.8 g/t Ag and 4.4% Pb over 0.8 metres (see Table 1 for details). This shallower intersect, occurring at approximately 136.5 metres vertical depth from surface, provides continuity to a parallel-running zone of mineralization 13 metres west of the main
Kearney vein and this structure will be tested with further underground drilling. - 10.8 g/t Au, 23.6 g/t Ag and 3.3% Pb over 1.5 metres. This intersection at 176.3 metres vertical depth penetrates a gap in the current resource model.
- 17.7 grams per tonne (g/t) gold (Au), 50.9 g/t silver (Ag) and 4.6% lead (Pb) over 2.5 metres; including 30.5 g/t Au, 60.8 g/t Ag and 4.4% Pb over 0.8 metres (see Table 1 for details). This shallower intersect, occurring at approximately 136.5 metres vertical depth from surface, provides continuity to a parallel-running zone of mineralization 13 metres west of the main
- Surface drilling targeting the Joshua vein is also in progress and results for the first of these holes are as follows: 7.7 g/t Au, 24.3 g/t Ag and 0.6% Pb over a 2.7-metre downhole intersection.
Drill results are expected to support the mine plan as the Company moves into a new phase of underground mining and accelerated development. The Company has currently completed 2,000 metres of underground development at the
Table 1: Summary of drill results.
Hole ID | Azimuth/Dip (degrees) | Intersect (m) (downhole) | Est. true width (m) | Intersect vertical depth (m) | Gold (g/t) | Silver (g/t) | Lead (%) | Core loss (%) |
FR-DD-21-UG-168 | 140.5/43.5 | 2.5 | 1.2 | 136.5 | 17.7 | 50.9 | 4.6 | 8.7 |
including | 0.8 | 0.4 | 30.5 | 60.8 | 4.4 | 11.4 | ||
And | 142.3/44 | 1.5 | 0.7 | 176.3 | 10.8 | 23.6 | 3.3 | 0 |
FR-DD-21-164 | 257/48.5 | 2.7 | 1.8 | 38 | 7.7 | 24.3 | 0.6 | 3.8 |
Notes:
1. Drill holes were HQ size and drilled using a triple tube method to maximise core recovery. The samples were analyzed (gold by fire assay and other metals by ICP-ORE) at
2. Intersect vertical depth intervals are from ground surface to the top of the mineralized zone.
3. Data has been rounded to 1 decimal place.
4. The Company has only received assay results for the two holes reported here. Further announcements will be made when more results are received.
Figure 1:
https://www.globenewswire.com/NewsRoom/AttachmentNg/a299548e-ff4f-4ef6-898c-11ca3b4dab89
Figure 2: Drill core from hole FR-DD-21-UG-168.
https://www.globenewswire.com/NewsRoom/AttachmentNg/5aff207c-51ad-45ff-8077-7eb2cfa3893e
Figure 3: Cross section showing results for recent hole FR-DD-21-UG-168.
https://www.globenewswire.com/NewsRoom/AttachmentNg/bccdf974-a90e-4abb-9d54-3b69aca25ecb
Figure 4: Cross section showing results for recent hole FR-DD-21-164 and nearby intersections.
https://www.globenewswire.com/NewsRoom/AttachmentNg/4fedcc37-6a1c-4073-9ab3-896f4045729c
Qualified Person
Scientific or technical disclosures in this press release have been reviewed and approved by Dr
Neither
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Email: info@galantas.com
Website: www.galantas.com
Telephone: +44 (0)28 8224 1100
Telephone: +44(0)20 7383 5100
Telephone: +44(0)20 7886 2500
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including the new phase of underground mining, accelerated mine development and the results of exploration programs, for the
Figure 1
Kearney long-section view showing part of the resource model, the underground development, some key vein intersections and recent hole FR-DD-21-UG-168.
Figure 2
Drill core from hole FR-DD-21-UG-168.
Figure 3
Cross section showing results for recent hole FR-DD-21-UG-168.
Figure 4
Cross section showing results for recent hole FR-DD-21-164 and nearby intersections.
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