Galantas Gold Corporation has announced the results of the fifth exploration drill hole at the Gairloch Project in Scotland. Hole 23-GL-05 intersected 1.87 grams per tonne (g/t) gold, 1.17% copper, 1.20% zinc, 131 g/t cobalt, and 7.06 g/t silver over 34.25 metres. The drilling program has identified a mineralized trend with a strike of over 1 km and to a depth of 250 metres. 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. The deepest intersection to date has been in historical hole GBH82, which intersected 5 metres at 1.07 g/t Au and 1.75% Cu at 250 metres depth.
The drilling program targeted a geophysical anomaly and also acted as a stratigraphic hole. Previously unknown zones of mineralization were identified for a further 100 metres below the main mineralized zone down to a depth of 144 metres. The drilling program was localized within 100 metres of where the mineralized unit is exposed at the surface. Historical drilling identified a 1 km-long mineralized trend which the company plans to explore and expand in the coming year.
The Kerry Road deposit, located within the Gairloch Schist Belt, is a stratabound, Besshi-style, VMS gold-copper-zinc deposit. It was discovered in the 1970s and has seen limited exploration since then. The British Geological Survey (BGS) identified an outcrop of 4 g/t Au in their report of the area, associated with a significant geophysical anomaly approximately 10 km south of the Kerry Road deposit. Galantas has acquired a 100% interest and the exclusive rights to explore and develop the Gairloch Project, a 217 km² mineral licence area covering the Gairloch Schist Belt.
The technical and historical information in this release has been reviewed and approved by Gavin Berkenheger, a Qualified Person under the terms of NI 43-101. Galantas Gold operates according to rigorous internal Quality Assurance and Quality Control (QA/QC) protocols.