TORONTO, July 10, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce the results of the first exploration drill hole at the Gairloch Project in Scotland.

Drilling highlights:

Cobalt and vanadium, which are part of the UK’s list of critical minerals1, have been discovered, in addition to other minerals that are important raw materials enabling the transition to clean energy, including copper, silver, titanium and zinc.
Hole 23-GL-01 intersected 2.87% copper (Cu), 0.77 grams per tonne (g/t) gold (Au), 0.46% zinc (Zn), 0.03% cobalt (Co) and 7.52 g/t silver (Ag) over 17.90 metres, including 5.08% Cu, 0.46 g/t Au, 0.35% Zn, 12.93 g/t Ag, 0.01% Co, 0.23% titanium (Ti) and 176 g/t vanadium (V) over 1.68 metres.
Four holes have been completed over the main deposit area totaling 190.4 metres, with another two holes planned by August.
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https://www.globenewswire.com/news-release/2023/07/10/2701467/0/en/Galantas-Gold-Intercepts-17-9-Metres-at-2-87-Copper-0-77-Grams-Tonne-Gold-0-46-Zinc-and-0-03-Cobalt-at-Gairloch-Project-in-Scotland.html