Galantas Gold First Drill Hole at the Gairloch Project in Scotland “is a Fantastic Result”

The world is shifting towards using renewable energy driving rising demand for metals and minerals including copper and silver. The mining sector is expected to play a major role in meeting this increased demand, with companies like Galantas Gold Corp leading the charge.

Mining in Scotland has a rich and storied history, dating back to as early as the 12th century. Coal mining, in particular, has been central to the story of Scotland over much of the past two centuries. Scotland has also seen its share of gold mining. There were short-lived gold rushes in 1852 at Auchtermuchty and Kinnesswood, and another in 1869 at Baile An. These events, though brief, added a unique facet to the country’s mining history.

Galantas Gold Corp, a company listed on TSXV and OTCQX, holds exploration and development rights to the Gairloch Project, covering a 217 km² area in Scotland. Specifically it covers the Gairloch Schist Belt, a region rich in mineral resources, with significant deposits of copper, silver, titanium, and zinc.

The Gairloch Project has a rich history of exploration activities. Its geology is characterized by a quartz carbonate rich unit sandwiched between hornblende schist, which has shown to host significant mineralization.

Recent drilling results from the Gairloch Project have been promising. 

The first exploration drill hole, 23-GL-01, intersected various mineral concentrations over a distance of 17.90 meters, including 2.87% copper, 0.77 g/t gold, 0.46% zinc, 0.03% cobalt, and 7.52 g/t silver. Within this section, a subsection measuring 1.68 meters exhibited particularly high concentrations of 5.08% copper, 0.46 g/t gold, 0.35% zinc, 12.93 g/t silver, 0.01% cobalt, 0.23% titanium, and 176 g/t vanadium.

The inclusion of cobalt and vanadium, classified as critical minerals, along with copper, silver, titanium, and zinc, underscores the project’s potential to support the worldwide shift towards green energy.

Mario Stifano, CEO of Galantas Gold Corp, expressed his enthusiasm about the project’s prospects, stating, “This is a fantastic result for our first drill hole in Scotland demonstrating significant polymetallic grades. The discovery of new critical minerals is a major development for the project and we look forward to reporting further results as they become available.”

The Gairloch Project is a key part of Galantas Gold Corp’s strategy to create shareholder value. This strategy involves operating and expanding gold production and resources at the Omagh Project in Northern Ireland, as well as exploring the Gairloch Project and its Kerry Road gold-bearing VMS deposit in Scotland.

As the global demand for metals and minerals continues to rise, projects like Gairloch are set to play a crucial role in meeting this demand. The mining sector, with its potential to provide the raw materials required for the green energy transition, is poised for significant growth in the upcoming years.