news

Galantas receives notice of appeal against positive planning court judgement.

GALANTAS GOLD CORPORATION

TSXV & AIM : Symbol GAL

GALANTAS RECEIVES NOTICE OF APPEAL AGAINST POSITIVE PLANNING COURT JUDGEMENT.

3rd November 2017 : Galantas Gold Corporation (Galantas or the Company) has received notice of an application, by a third party, to the Court of Appeal, in relation to the positive judicial review judgment, given by Madam Justice McBride, regarding the grant of planning permission at the Omagh gold mine in July 2015.

In a detailed and comprehensive judgement, delivered on 29th September 2017, Madam Justice Mc Bride confirmed the planning consent granted by Department of Environment, Northern Ireland (now Department for Infrastructure), for underground development.

Underground mine development continues at the mine, with a total of approximately 119 metres of development in place. This includes development on a stringer gold vein, intersected during development of the main access tunnel. As reported on 19th October 2017, mineralised material is being stockpiled for batch processing.

The Omagh Gold Mine has an operational processing plant and tailings facility with an excellent environmental record. The plant uses a non-toxic, froth flotation process, (without the use of cyanide or mercury) and produces a gold concentrate which is exported for smelting. The remaining tailing sands are clean and free from acid drainage. The plant is on stand-by awaiting ore from underground development. The underground mine, when fully developed, is expected to create approximately 130 jobs plus others in associated service industries.

Safety and environmental matters remains high priority for Galantas. The Company is pleased to continue to report zero lost time accidents since the start of underground operations and routine water monitoring continues to be compliant.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The information contained within this announcement is considered to be inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 prior to its 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

 

Grant Thornton UK LLP (Nomad)       

Philip Secrett, Richard Tonthat, Harrison Clarke:                                                   

Telephone: +44(0)20 7383 5100                       

 

Whitman Howard Ltd (Broker & Corporate Adviser)

Nick Lovering, Grant Barker:

Telephone: +44(0)20 7659 1234 

Share Price

TSX-V (CDN $): 0.09

AIM (£ p): 4.875

Gold Price (oz)

USD : 1,272.50

GBP : 960.99

The figures presented here are for informational purposes of current trends only and should not be considered an exact count

This page and other parts of the website contain statements relating to the intentions of the management to develop mine production and jewellery production. Such statements are forward looking and readers are cautioned that these statements are subject to risk and uncertainties as further detailed in quarterly Management Discussion and Analysis published on www.sedar.com

Approved for website uploading : R.Phelps