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: Gairloch – Scotland
Galantas sampling targets new Gairloch mineralisation
Galantas Gold Corporation aims to find new mineralisation in the Gairloch Schist belt by establishing the geochemical signature of its Kerry Road deposit in Wester Ross. VMS DEPOSIT The Canadian company previously said that its July 2023 drill results showed the potential for a district-scale polymetallic project at the site. Galantas will determine the location […]
New mineralised zones identified at Gairloch
High grade potential and new zones of mineralisation have been identified from recent exploration drill results at the Gairloch gold project’s Kerry Road deposit. MINERALISED TREND Galantas Gold Corporation’s fifth hole 23-GL-05, targeting a geophysical anomaly, intersected 1.87 g/t gold, 1.17% copper, 1.20% zinc, 131 g/t cobalt and 7.06 g/t silver over 34.25 metres. Drilled […]
Galantas drill results expand Gairloch mineralisation
Mineralisation at the Gairloch project has expanded based on Galantas Gold Corp’s drill results from the third and fourth exploration holes and prospecting samples. TREND The Canadian company has localised current drilling within 100 metres of where the mineralised unit is exposed at surface. Hole 23-GL-04 intersected 4.42 g/t gold, 0.71% copper, 0.52% zinc, 69 […]
Galantas looks to district scale potential at Gairloch
Galantas Gold Corporation said its latest drill results from the Gairloch project in Scotland confirmed the potential for a district-scale polymetallic project. MINERALISATION The Canadian company drilled the second exploration hole 23-GL-02 to a depth of 50 metres as a step back from hole 23-GL-01, testing the Kerry Road deposit. The drillhole intersected 1.88 g/t […]
Galantas finds cobalt-vanadium at Gairloch
Galantas Gold Corporation said it had discovered a range of metals including cobalt and vanadium in the first exploration drillhole at the Gairloch polymetallic project Wester Ross, Scotland. POTENTIAL The Canadian company, targeting the Kerry Road gold-bearing volcanogenic massive sulphide deposit, also found copper, silver, titanium and zinc. Hole 23-GL-01 intersected 2.87% copper, 0.77 g/t […]