Galantas Confirms First Shipment of Gold and Silver Concentrates From Underground Omagh Mine
Galantas Confirms First Shipment of Gold and Silver Concentrates From
Underground Omagh Mine
TORONTO, Nov. 05, 2018 -- Galantas Gold Corporation (TSXV & AIM: GAL) (“Galantas” or the “Company”), the gold-mine
developer and explorer, is pleased to announce that delivery has been made of the first consignment of concentrate derived
from underground feedstock from the Omagh Gold-Mine, Northern Ireland.
Destined for Glencore’s New Brunswick smelter, the shipment, of approximately 25 tonnes, is the result of processing of
limited feed produced from underground development on the Kearney vein at the Galantas Omagh gold mine. Recent analytical
test-work has confirmed that the processing plant is meeting quality expectations. The processing of the concentrate is
achieved by froth flotation, an environmentally safe method which does not involve the use of toxic chemicals such as cyanide
or mercury.
Mine development continues and is expected to be enhanced by the recently delivered, new underground loader, designed
specifically for narrow vein production.
Roland Phelps, President & CEO Galantas Gold Corporation, said, “I am delighted that the first concentrate from underground
development has been delivered, which will result in near-term cash flow. We continue to make solid and determined progress
towards commercial production.”
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Enquiries: Galantas Gold Corporation
L. Jack Gunter P.Eng – Chairman, Roland Phelps C.Eng – President & CEO
Email: [email protected] Telephone: (UK) +44 (0) 2882 241100
Website: www.galantas.com
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett, Richard Tonthat, Harrison Clarke: Telephone: +44(0)20 7383 5100
Whitman Howard Ltd (Broker & Corporate Adviser)
Nick Lovering, Grant Barker: Telephone: +44(0)20 7659 1234