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25/06/2024
Mining News

Galantas Gold provides progress update on the Omagh Gold project

Galantas Gold Corp. has announced that mining contractor QME Mining Services has successfully concluded its due diligence process its Omagh Gold Project in Northern Ireland, as part of its work on a sustainable mine plan.

It is envisioned that the mine plan, targeted for completion in July 2023, will allow the company to further develop and mine the ore zones down to the existing lower levels of the Omagh Mine. The mine plan is aimed to optimise production from the dilation zones, which have potential for higher grades and thicker widths of mineralisation. The mine plan will outline a staged production plan, estimating the initial production levels, followed by staged expansions of production.

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The company believes this will be a lower capital cost pathway of de-risking the growth in production, while the company continues its focus on exploration and expanding its mineral resources at Omagh. The forthcoming mine plan will involve mining both the Joshua and Kearney veins, leveraging QME’s highly skilled workforce and state-of-the-art original equipment manufacturer (OEM) mining equipment.

Mario Stifano, CEO of Galantas, comments:

“We are thrilled that QME is progressing our mine plan. QME’s extensive mining experience across Europe, including its notable involvement in the development and bulk sampling of Dalradian’s nearby gold project located just 20 km away from Omagh, positions them as an ideal partner for this endeavour.

“Furthermore, QME’s commitment to the success of the Omagh Project is exemplified by its significant shareholding (3 194 444 shares) in Galantas. We look forward to providing further information on our mine strategy next month.”

 

Source: Global Mining Review

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