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(Wallace Refiners) – Galantas Gold, the Northern Ireland gold producer and explorer, with a 100% interest in Northern Ireland’s Omagh gold mine, announced today that limited blasting underground has re-commenced.
Development mining of the Kearney gold vein has re-started on a single shift basis, said Galantas. It is expected to produce a feed of higher gold grade for the processing plant than the current feed, which comes from low grade stock.
The company added that total concentrate production is expected to rise, driven by an expected higher feed grade. During the period of suspension of blasting operations at the mine, key mining skill sets were preserved by the incorporation of personnel within process plant operations. Process plant operations will now reduce from three shifts to two.
President and CEO Roland Phelps commented, “The restart of blasting, although limited by our cash availability, is good progress. If the upcoming review is positive, the re-start is expected to enhance gold concentrate production. Cash constraints do restrict how quickly operations can be expanded and the company is actively working with third parties on the arrangements required both to expand blasting underground and to expand exploration, for which significant potential exists.”
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