TORONTO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce the results of the fifth exploration drill hole at the Gairloch Project in Scotland.

Highlights:

Hole 23-GL-05 intersected 1.87 grams per tonne (g/t) gold (Au), 1.17% copper (Cu), 1.20% zinc (Zn), 131 g/t cobalt (Co) and 7.06 g/t silver (Ag) over 34.25 metres with new mineralization identified a further 100 metres at depth.
Recent and historical drilling have identified a mineralized trend with a strike of over 1 km and to a depth of 250 metres.
Mario Stifano, CEO of Galantas, commented: “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.” see & read more on
https://www.globenewswire.com/news-release/2023/10/16/2760300/0/en/Galantas-Gold-Drills-34-25-Metres-at-1-87-Grams-Tonne-Gold-1-17-Copper-1-20-Zinc-and-131-Grams-Tonne-Cobalt-at-Gairloch-Project-in-Scotland.html