Galantas Expands Exploration Licence Holding
Galantas Expands Exploration Licence Holding
TORONTO, April 28, 2022 -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”)
is pleased to announce an expansion to its current Prospecting Licence holding. The two areas in Co. Leitrim, Republic of
Ireland, bring the Company’s total exploration land package up by 47.8km 2 to 159.4km 2 in the Republic of Ireland. The
Company also holds an exploration land package totalling 437.3km 2 in Northern Ireland, where its Omagh Gold Project is
located.
The Department of the Environment, Climate and Communications granted Flintridge Resources Ltd, a subsidiary of the
Company, Prospecting Licences for base metals, gold (ores of) and silver (ores of) for a period of six years, beginning April 28,
2022.
Geochemical results derived from the Tellus Border Project, combined with the occurrence of Dalradian-age lithologies and the
north-east structural trend, indicate that the Prospecting Licence areas are prospective for base and precious metals.
Historical records reference copper workings, in addition to more recent zinc and lead mining activity; both of which are
situated within the new licence block.
The Company welcomes the opportunity to expand its future exploration focus in the Republic of Ireland, while continuing to
prioritize exploration efforts close to the existing mine-site at its Omagh Project in Northern Ireland.
Qualified Person
Scientific or technical disclosures in this press release have been reviewed and approved by Dr Sarah Coulter, who is
considered, by virtue of her education, experience and professional association, a Qualified Person under the terms of NI 43-
101. Dr Coulter is not considered independent under NI 43-101 as she is the Chief Geologist of Galantas Gold Corporation.
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.
The information contained within this announcement is deemed to constitute inside information as stipulated under the
retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue
of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations
under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in
the public domain.
About Galantas Gold Corporation
Galantas Gold Corporation is a Canadian public company that trades on the TSX-Venture Exchange and the London Stock
Exchange AIM market, both under the symbol GAL. It also trades on the OTCQX Exchange under the symbol GALKF. The
Company's strategy is to create shareholder value by operating and expanding Northern Ireland's first gold mine.
Enquiries
Galantas Gold Corporation
Mario Stifano: Chief Executive Officer
Email: [email protected]
Website: www.galantas.com
Telephone: +44 (0)28 8224 1100
Grant Thornton UK LLP (AIM Nomad)
Philip Secrett, Harrison Clarke, George Grainger, Samuel Littler
Telephone: +44(0)20 7383 5100
Panmure Gordon & Co (AIM Broker & Corporate Adviser)
Hugh Rich, John Prior
Telephone: +44(0)20 7886 2500
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation
Reform Act of 1995 and applicable Canadian securities laws, including the results of exploration programs in Northern Ireland
and the Republic of Ireland. Forward-looking statements are based on estimates and assumptions made by Galantas in light
of its experience and perception of historical trends, current conditions and expected future developments, as well as other
factors that Galantas believes are appropriate in the circumstances. Many factors could cause Galantas’ actual results, the
performance or achievements to differ materially from those expressed or implied by the forward looking statements or
strategy, including: gold price volatility; discrepancies between actual and estimated production, actual and estimated
metallurgical recoveries and throughputs; mining operational risk, geological uncertainties; regulatory restrictions, including
environmental regulatory restrictions and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution;
competition; loss of or availability of key employees; additional funding requirements; uncertainties regarding planning and
other permitting issues; and defective title to mineral claims or property. These factors and others that could affect Galantas’
forward-looking statements are discussed in greater detail in the section entitled “Risk Factors” in Galantas’ Management
Discussion & Analysis of the financial statements of Galantas and elsewhere in documents filed from time to time with the
Canadian provincial securities regulators and other regulatory authorities. These factors should be considered carefully, and
persons reviewing this press release should not place undue reliance on forward-looking statements. Galantas has no intention
and undertakes no obligation to update or revise any forward-looking statements in this press release, except as required by
law.