| GALANTAS GOLD CORPORATION : http://www.galantas.com/ : News Releases |
| Wed Apr 5, 2006 Rich Extension (22.24 grammes gold /tonne) to Kearney Vein |
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Galantas Gold Corporation, a company with a gold mine in development in County Tyrone, Northern Ireland, announces that channel sampling has revealed an extension of approximately 30m (metres) to the southern end of the Kearney Vein. Thirty nine of the assays in excess of a cut off of 3gAu/t carried an average gold grade of 22.24gAu/t (grammes gold/tonne) over an average width of 0.36m. Assays varied from 3.34gAu/t over 0.5m up to 106.24 gAu/t over 0.28m. The width and grade are within mining parameters set for the Kearney vein and the mineralization will be incorporated within the first phase of open-pit mining. Using sampling protocols similar to those of Rio Tinto (1988-89), 124 samples were taken from 23 saw cut channels, at approximately 1m intervals and oriented perpendicular to the vein. A table of the assay results is reproduced below. The ore is an extension of the Rio Tinto sampled Kearney vein. For comparison, an analysis of 24m of Rio Tinto (1988-89) historical channel samples immediately adjoining to the north demonstrated an average gold grade of 24.30gAu/t over an average width of 1.08m. The Rio Tinto channel samples are considered relevant and reliable and have been used by ACA Howe (2003 & 2004) for ore reserve calculation purposes. The flotation plant currently under construction at the Omagh Mine is designed for a mill head grade of 20gAu/t gold. Mr. M.J.(Moe) Lavigne, P.Geo, is the qualified person overseeing the sampling. Samples were placed in numbered bags, sealed with cable ties and sent to OMAC Laboratories Limited, Ireland, which is a certified CCRMP laboratory. Thirty gramme sub-samples were fire assayed with an Atomic Absorption finish, along with 3 standards and 3 blanks. Duplicate assays were carried out on 10% of samples. Galantas Gold Corporation is building Ireland’s first gold mine on its 189 sq km Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value by marketing and selling certified Galántas ™ Irish gold jewellery. Click here to view the table of assays The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. This press release includes certain “Forward-Looking Statements” within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are “Forward-Looking Statements” that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these “Forward-Looking Statements”. Galantas Gold Corporation Bishopsgate Communications Ltd. ARM Corporate Finance Limited Lewis Charles Securities Limited |
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