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Galantas Gold restarts blasting of higher-grade ore at Omagh

Admin
Mar 13, 2021 Precious Metals News Comments Off on Galantas Gold restarts blasting of higher-grade ore at Omagh



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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.”




Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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