Galantas Gold Omagh Project - Ready for Gold

Published: Tue, 08/23/22

Preview
The following email is about Galantas Gold. Our mission critical information is sent each weekend and is separate, therefore unsubscribing from this email will also stop your Free Morgan Report subscription. Let My Passion Create Your Wealth, David Morgan Editor, TheMorganReport.com.the Bold. David Morgan Editor, TheMorganReport.com.

Northern Ireland's Omagh Project - Ready for Gold

Galantas Gold is now in production while continuing to deliver high-grade gold intercepts in ongoing drill program.

Galantas Gold's (TSX-V & AIM: GAL; OTCQX: GALKF) Omagh Project is now officially the only active gold mine in Ireland. The company recently kicked off production with longhole drilling and blasting of the first stopes as part of its dual pronged strategy to pursue staged expansions of production while growing its resource base.

We'd like to remind our readers that the Omagh Project sits on prime exploration ground. It is in close proximity to Dalradian's Curraghinalt gold deposit - a world-class asset that was acquired by Orion Mine Finance in 2018 for $407 million at a 60% premium when gold was trading at approximately $1,270 per ounce (gold is currently at approx. $1,750 per ounce). Dalradian is currently undergoing its permitting process while Omagh is already permitted for production.

Omagh is in a major gold district that hasn't really seen a significant amount of exploration outside of work done by Dalradian. This gold district lies on a major fault system that has been shown to host large gold deposits:

Earlier this month, Galantas announced the seventh set of drill results from its ongoing 4,000-metre program, including a hole that intersected 31.8 grams per tonne gold and 39.2 grams per tonne silver over 4.4 metres.

The results underscore the high-grade potential of the deposit and the predictability in identifying high-grade dilation zones, which have potential for higher widths of mineralization.


Kearney Vein long-section view showing part of the resource model, proposed dilation zones (in yellow arrows) and new intersections. Image: Galantas Gold.

According to Galantas, it is reviewing its mine plan and production guidance for the next 16 months including the timing to advance development to the higher grade Joshua Vein to provide multiple mine headings as well as underground drill platforms to extend the mineralization to depth and test new targets.

The company counts top mining investors Mike Gentile, Eric Sprott and Lawrence Lepard as shareholders.

Check out galantas.com and stay tuned for upcoming news on its drill program and production updates. You can also sign up for updates at https://galantas.com/contact/subscribe/

 
Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.

The Morgan Report is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. The Morgan Report and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that The Morgan Report will not be held liable or responsible for any decisions you make regarding any information discussed herein.
(c) 2022 The Morgan Report | David Morgan
 


621 Mallon
Suite 307
Spokane WA 99201
USA

Unsubscribe   |   Change Subscriber Options