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Galantas Gold Corp - Mining company with interests in Northern Ireland and Scotland - Announces the results of the fifth exploration drill hole at the Gairloch project in Scotland. Says hole 23-GL-05 intersected 1.87 grams per tonne gold, 1.17% copper, 1.20% zinc, 131 g/t cobalt and 7.06 g/t silver over 34.25 metres with new mineralization identified a further 100 metres at depth. Adds recent and historical drilling have identified a mineralized trend with a strike of over 1 kilometre and to a depth of 250 metres. Chief Executive Mario Stifano comments: ‘Our first drill program at the Gairloch Project continues to exceed management’s expectations, as the results from this fifth hole has further solidified the high-grade copper-gold potential while extending known mineralization to depth. Mineralization has been drilled over an area 1 km in strike, up to 150 metres wide and to a depth of 250 metres, and remains open. The company plans to conduct modern geophysics over the 10 km-long known mineralized belt to prioritize drilling targets for a planned new drilling program.’ Current stock price: 12.55 pence 12-month change: down 66% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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