Galantas Gold (TSXV & AIM: GAL; OTCQX: GALKF) has announced the results of the first exploration drill hole at the Gairloch project in Scotland. Galantas says cobalt and vanadium, part of the U.K.’s list of critical minerals, have been discovered, in addition to other minerals that are important raw materials enabling the transition to clean energy, including copper, silver, titanium and zinc.
Hole 23-GL-01 intersected 2.87% copper, 0.77 g/t gold, 0.46% zinc, 0.03% cobalt and 7.52 g/t silver over 17.90 metres, including 5.08% copper, 0.46 g/t gold, 0.35% zinc, 12.93 g/t silver, 0.01% copper, 0.23% titanium and 176 g/t vanadium over 1.68 metres.
Four holes have been completed over the main deposit area totaling 190.4 metres, with another two holes planned by August.
Mario Stifano, CEO of Galantas, said that this is a “fantastic result” for their first drill hole in Scotland.
“The discovery of new critical minerals is a major development for the project and they look forward to reporting further results as they become available,” he said.
The Gairloch project is a 217 km² mineral licence area in Scotland that covers the Gairloch Schist Belt. The project hosts the Kerry Road deposit surveyed from 1977 to 1982 by Consolidated Goldfields, and remains under explored.
For more information, visit www.Galantas.com.
July 11, 2023
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