Sign up USA
Proactive Investors - Run By Investors For Investors

Galantas Gold updates on accelerated mine development at Omagh

Ore will be stockpiled underground until there's enough for batch processing
underground miners
New staff have been added

Galantas Gold Corp (LON:GAL,CVE:GAL) has highlighted the accelerated development work at the Omagh Gold Mine in Northern Ireland.

The acceleration follows the resolution of issues related to blasting operations and the company said the underground development totals more than 90 metres.

READ: Galantas pushing on with development, following favourable judgment in judicial review

It highlighted that the Stinger vein mineralisation was intersected, it is 0.5 metres wide, and a narrow width loader has now been acquired to operate short term on the vein while the firm awaits delivery of new specialist mining equipment.

Additionally, it noted that ore will be stockpiled underground until there’s enough material for batch processing at the floatation plant.

WATCH: Mining Capital's Alastair Ford on positive judicial review outcome for Galantas Gold

The company highlighted that drilling and loading equipment is performing above expectation although productivity has been lower than expected. More equipment is being acquired on a rental basis and this is expected to lift rates by more than 40%.

New staff members have been added to the workforce, with twenty-two people now on site.

Galantas also highlighted that safety matters remain a high priority, and it noted zero lost time accidents since the start of underground operations and routine water monitoring continues to be compliant.

View full GAL profile View Profile

Galantas Gold Corp Timeline

Related Articles

gold mine
March 09 2018
Thursday evening was a good one for GORO investors; the company posted annual net income of US$4.2mln and released its “strongest” ever updated mineral reserve for the Oaxaca Mining Unit in Mexico
Chaarat's bold bid for the Kumtor mine is the first of many potential deals
Picture of staff at Bepkong discovery hole
April 19 2018
A feasibility study pointed to an initial seven-year life, with annual gold production of about 90,000 ounces.
Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use