TSXV and AIM: Stock Symbol – ’GAL’ Galantas Commences Underground Development at Omagh GOLD MINE
GALANTAS GOLD CORPORATION
TSXV and AIM: Stock Symbol – ’GAL’
GALANTAS COMMENCES UNDERGROUND DEVELOPMENT AT OMAGH GOLD MINE
13th March 2017 : Galantas Gold Corporation (the Company) is pleased to announce that
underground development has commenced on the Omagh gold property, County
Tyrone, Northern Ireland.
The initial works are for the formation of a portal (initial tunnel entry area) in the western
side wall at the base of the Kearney open pit. When the portal works are complete, the
underground development will continue in order to access ore beneath a crown pillar
retained in the base of the open pit. It is expected that ore zones are likely to be reached
within 6 months.
The works have commenced using the underground mining equipment purchased last
year (reported 9th August 2016) by the Company’s Northern Ireland operating subsidiary.
Roland Phelps, President & CEO, Galantas Gold Corporation said, “This is an important
milestone in the development of the Omagh underground gold mine. We are pressing
ahead with mine development, in accordance with our planning permission. We await a
judgement on the judicial review of that permission, for which no date has yet been
advised to us.
So far, we have boosted our local workforce to 17, including some former colleagues,
who were previously laid off during planning delays.”
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 (Nomad)
Philip Secrett, Richard Tonthat: Telephone: +44(0)20 7383 5100
Whitman Howard Ltd (Broker & Corporate Adviser)
Nick Lovering, Grant Barker: Telephone: +44(0)20 7659 1234