Galantas Gold confirms Omagh plans, with judicial review dates confirmed

6th Oct 2016 15:10

(ShareCast News) - Galantas Gold Corporation announced on Thursday that it intends, via a Northern Ireland subsidiary, to bulk sample the Kearney stringer vein on its Omagh gold property.The AIM-traded firm said grab samples earlier reported on 7 September from the stringer vein ranged from 52.9g/t gold to 6.2 g/t gold."The bulk sampling operation is designed to comprehensively assess the length, width and gold grade of the gold stringer at surface and it is expected to extract the sample and restore the surface within a four month period," the board explained in a statement.Drill core H159, reported on 24 August 2016, intersected one metre of mineralisation grading 5.7g/t gold and 6.2g/t silver, some 50 metres vertically below the earlier reported grab samples and 11 metres south from the planned underground development decline."The bulk sample material will be assessed within the existing processing plant to provide data to assist the determination of commerciality of underground mining of the stringer vein."The processing of ore earlier in the development program than previously considered may have positive cash flow implications," it said.It also updated the market on its planning consent application at Omagh, confirming the judicial review of its application has been listed for continuation of the hearing on 6-8 December 2016.At 1336 BST, shares in Galantas Gold were up 2.35% to 8.7p.