Galantas Gold Plans Drilling at Kearney North Target in Northern Ireland

Galantas Gold Corporation has announced plans to drill test the Kearney North target at its Omagh Project in County Tyrone, Northern Ireland. The company aims to explore the northern extension of the main Kearney Vein and investigate further dilation zones.

Mario Stifano, CEO of Galantas, expressed enthusiasm for returning to surface drilling to extend the resource northwards and build on the existing high-grade gold resources. Previous drilling at the Kearney Vein yielded significant results, including 32 grams per tonne gold over 4.4 meters and 32 grams per tonne gold over 7 meters within dilation zones.

The target area, approximately 180 meters north of the current extent of the main Kearney Vein, coincides with a historical Pionjar anomaly of 31.5 grams per tonne gold. Geological modeling suggests a concealed ore shoot may lie to the north of the Cavanacaw deposit area at greater depth.

The Kearney Vein system, with a strike length of approximately 850 meters, remains open at depth down plunge. The vein is well developed in the 'Cavanacaw Member', a competent host lithology expected to lie beneath a pelitic horizon in the current target area.

The drilling program will comprise three drill holes, totaling approximately 1,000 meters, to test the Kearney Vein extension at depths over 200 meters. This work will proceed under Permitted Development following a positive meeting of the Local Council Planning Committee on May 22, 2024.

For more details, see Figure 1: Map of the main Kearney and Joshua veins, North Kearney target area, and historical Pionjar drill results.

Past results at the Kearney Vein include:

• Drill hole FR-DD-22-UG-181 intersected 7 meters (estimated 3.3 meters true thickness) of 31.7 grams per tonne gold at a vertical depth of 150 meters.
• Drill hole FR-DD-22-UG-186 intersected 4.4 meters (estimated 3.0 meters true thickness) of 31.8 grams per tonne gold at a vertical depth of 143 meters.