Galantas Gold Corp has halved its net losses while it has yet to post a commercial revenue from the Cavanacaw mine in Omagh, County Tyrone. FINANCES Net loss for the year ended 2023 totalled approximately CA$8.6 million compared with $16.7m the previous year. The Canadian company recorded an impairment of $3.6m (2022: $10m) along with […]
Tag: Cavanacaw mine – Omagh – Northern Ireland
Galantas hints at wider potential gold district
Galantas Gold Corporation survey results identified an undrilled target which could reveal the wider potential of the gold district around Cavanacaw mine in Omagh. CORNAVARROW The Canadian company has also received permission to drill eight boreholes from three locations within the mine site, which will target a southern portion of the main Joshua vein. In […]
Galantas first surface drill falls in predicted dilation zone
Galantas Gold Corp’s first drill hole in the new surface drill programme has fallen within a predicted dilation zone at the main Joshua vein in Cavanacaw mine, Omagh. POTENTIAL Dilation zones, first identified in the Kearney vein, have the potential for wider widths of mineralisation. Hole FR-DD-23-196 targeting a gap in the earlier resource model […]
Mine plan shows monthly 5,000t mill feed at Cavanacaw
Cavanacaw gold mine will produce an estimated 5,000 tonnes per month of development and stope mineralised material within 12 months of start-up, according to its published mine plan. QME Mine owner Galantas Gold Corp said that an increase in operations would result in estimated costs of development prior to achieving steady-state production of approximately US$12 […]
Galantas Gold begins surface drilling
Galantas Gold Corporation reported positive results from the final underground drillhole from the Kearney vein as it begins surface drilling at the Joshua vein at Cavanacaw in Omagh. TRANSITION Hole FR-DD-23-UG-193, drilled from an underground platform within the second level of the vein, intersected 19.8 grams per tonne gold and 11.3 g/t silver over 1.7 […]
Galantas MRE shows 77% rise in contained gold oz
Galantas Gold Corporation reported a 77% increase in total contained gold ounces in a revised mineral resource estimate (MRE) for Cavanacaw mine in Omagh, Northern Ireland. ROBUST The Canadian company’s revised NI 43-101-compliant MRE is based on 42 additional drill holes and a complete review of the previous vein wireframe interpretations. Consultants Micon International Ltd’s […]