Galantas Gold Corporation – Increased Concentrate Shipments

Galantas Gold Corporation – Increased Concentrate Shipments

Galantas Gold Corporation is pleased to report accelerated progress in mine development at its Omagh gold mine, Northern Ireland. 

The main decline tunnel has reached the fourth (1060) level and an access drive to intersect the Kearney vein on this level has commenced. The vein is expected to be intersected on this level in approximately 4 weeks time. Increased in-vein development is expected to drive further increases in feed tonnage to the processing plant, which produces a concentrate sold under an off-take contract. 

A second shift was added to the processing plant operations, as planned, early in the second quarter of 2019. An expansion to three shifts is planned for the third quarter, once vein development on the fourth level is confirmed. Investment in processing plant improvements continue, with the recent arrival of some specialized flotation items that had long delivery times.

Concentrate sales revenues with a provisional value of approximately $USD 460,000 are expected for the second quarter, representing expected quarter shipments of approximately 160 tonnes of concentrate. The provisional sales revenue is subject to final agreement, including assays, as determined by an off-take contract. 

Safety is a high priority and the company continues to invest in safety-related training and infra-structure. The zero lost time accident rate since the start of underground operations, continues. Environmental monitoring demonstrates a high level of regulatory compliance. Phased site restoration works continue with thousands of tree saplings recently planted. 

A recent underground survey plan (June 16, 2019) will be added to the company website at www.galantas.com  under the Operational Documents section.

Roland Phelps, President & CEO, Galantas Gold Corporation, said, "Development continues to accelerate according to plan. Concentrate production has increased, with further increases planned for the third quarter."

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