Mineralization Expands 1.4 Kilometres Southeast of Drilling.
TORONTO, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce the results of the third and fourth exploration drill holes and prospecting samples at the Gairloch Project in Scotland.

Drilling highlights:

Hole 23-GL-04 intersected 4.42 grams per tonne (g/t) gold (Au), 0.71% copper (Cu), 0.52% zinc (Zn), 69 g/t cobalt (Co) and 3.74 g/t silver (Ag) over 31 metres, including 15.46 g/t Au, 0.80% Cu, 1.91% Zn, 133 g/t Co and 6.35 g/t Ag over 6.95 metres.
Hole 23-GL-03 intersected 1.34 g/t Au, 0.86% Cu, 0.16% Zn, 82 g/t Co and 3.20 g/t Ag over 18 metres.
Five holes have now been completed over the main deposit area totaling 580 metres. The Company is now focused on generating additional drill targets along strike of the deposit.
Prospecting identified 0.91 g/t Au in bedrock 1.4 kilometres from recent drilling, as well as 34.3% iron (Fe) and 0.19 g/t Au in bedrock within a 10-metre-wide banded iron formation.
Mario Stifano, CEO of Galantas, commented: “We’re excited by the high grade and thick zones from drill results to date at the Gairloch Project, indicating a potential large-scale mineralizing system. We are keen to establish new target areas for further drill testing and resource drilling, to unlock the full potential of the 217 km² land package covering the Gairloch Schist Belt.”

Table 1: Summary of drill results.

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