Galantas Gold Corporation Galantas commences underground development (1761Z)
March 13 2017 - 3:00AM
UK Regulatory
TIDMGAL
RNS Number : 1761Z
Galantas Gold Corporation
13 March 2017
GALANTAS GOLD CORPORATION
TSXV and AIM: Stock Symbol - 'GAL'
GALANTAS COMMENCES UNDERGROUND DEVELOPMENT AT OMAGH GOLD
MINE
13(th) 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 9(th) 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: info@galantas.com 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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