Galantas Gold Corporation announces diamond drill core assay results from 4 additional holes in its Kearney gold deposit in Northern Ireland. Significant results include:
KEARNEY VEIN - CORE DRILLING RESULTS, November, 2007 |
Hole ID |
Collar Location
Dip at Collar |
From (m) |
To (m) |
Core Length (m) |
True Width |
Vertical Depth |
Grade (g/t gold) |
Grade (g/t silver) |
Grade (% Lead) |
OM-DD-07-43 |
371175N / 240125E |
53.95 |
54.65 |
0.70 |
0.49 |
38.35 |
18.13 |
16.95 |
0.07 |
|
-45.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OM-DD-07-44 |
371071N / 240171E |
98.64 |
98.76 |
0.12 |
0.08 |
69.99 |
16.58 |
14.49 |
0.78 |
|
-45.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OM-DD-07-45 |
370677N / 240224E |
41.70 |
41.87 |
0.17 |
0.12 |
29.33 |
1.98 |
<5 |
<.01 |
and |
-44.7 |
83.27 |
83.50 |
0.23 |
0.16 |
58.57 |
5.44 |
<5 |
<.01 |
|
|
|
|
|
|
|
|
|
|
OM-DD-07-47 |
371093N / 240205E |
175.09 |
177.94 |
2.85 |
2.02 |
121.63 |
18.18 |
111.39 |
2.09 |
including |
-44.0 |
175.09 |
176.84 |
1.75 |
1.24 |
121.63 |
29.09 |
179.35 |
3.39 |
and |
|
208.77 |
211.68 |
2.51 |
1.77 |
145.02 |
7.77 |
4.90 |
0.34 |
including |
|
210.47 |
210.71 |
0.24 |
0.17 |
146.20 |
42.08 |
25.60 |
0.16 |
OM-DD-07-47 tested the strike extent of the notably high grade mineralization intersected at a vertical depth of approximately 200 metres in hole OM-DD-07-41 (Reference: press release of 17 October, 2007). Significant shallow gold intersections in earlier holes OM-DD-06-05 and OM-DD-07-06 (press release dated September 22, 2006) are interpreted to represent the same high grade zone at surface within the Kearney deposit. Thus, the high grade “core zone” appears to be an open ended steeply plunging zone of mineralization which extends from surface to a minimum of 200 metres in vertical depth. Its strike extent is at least 25 metres, since it was intersected in 2 holes 25 metres apart.
Drilled in the northern part of the Kearney vein as a shallow infill hole, OM-DD-07-43 intersected 4 areas of elevated gold grades (>1g/t) including an important intersection of 18.13g/t Au over 70cm that included a gold value of 35.20g/t over 25cm.
Drilled beneath the southern end of the Kearney open pit, OM-DD-07-45 was a sterilization hole to guide pit development.
The infill drilling programme has now fulfilled the objective of detailing the Kearney deposit prior to a recalculation of reserves and resources to the standards of (Canadian) National Instrument 43-101. Results for the remaining two drill holes are not yet available, pending assay. Recalculation of reserves and resources awaits results.
The drilling programme including sampling is under the control of the Company's geological staff who work under the general direction of L. J. Gunter, P. Eng. (Ontario), the ‘Qualified Person' for the programme. Sampling methodology, security and data verification followed standard protocols as previously detailed on April 5, 2006. The samples were analysed (gold by fire assay and other metals by ICP-ORE) at OMAC Laboratories Ltd., an independent certified CCRMP & ISO 17025 laboratory in Galway, Ireland.
Galantas Gold Corporation Issued and Outstanding Shares total 175,675,855.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
Enquiries
Galantas Gold Corporation
Jack Gunter P.Eng – Chairman
Roland Phelps C.Eng – President & CEO
Email: info@galantas.com
Website: www.galantas.com
Telephone: +44 (0) 2882 241100
Blomfield Corporate Finance Ltd
Nick Harriss
Telephone: +44 (0) 20 7512 0191
Lewis Charles Securities Limited.
Kealan Doyle
Telephone: +44 (0) 20 7456 9100
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