Galantas Gold Corporation GOLD-MINE PROCESSING PLANT COMMENCES OPERATING (1105X)
August 08 2018 - 1:00AM
UK Regulatory
TIDMGAL
RNS Number : 1105X
Galantas Gold Corporation
08 August 2018
GALANTAS GOLD CORPORATION
TSXV & AIM "GAL"
GALANTAS OMAGH GOLD-MINE PROCESSING PLANT COMMENCES OPERATING
WITH FEED FROM UNDERGROUND DEVELOPMENT.
August 08, 2018 : Galantas Gold Corporation (Galantas or the
company) is pleased to report that the Omagh gold-mine processing
plant has commenced operating on feed from underground development
of the Kearney gold vein.
The processing plant has the benefit of a recent upgrade to some
sections and is expected to operate part-time until production
stoping commences, anticipated late in 2018 or early in 2019.
(Stoping is the bulk mining of mineralised vein material between
levels developed on vein.)
The plant operates a froth flotation system for production of a
gold-silver concentrate. This process removes the sulphide minerals
and gold and concentrates them into a product suitable for smelter
treatment. The concentrate is then exported, via Belfast port, to a
smelter. The process is environmentally safe and operates without
the use of cyanide reagents.
Roland Phelps, President & CEO, Galantas Gold Corporation
said, "This is another important milestone successfully and safely
achieved and I look forward to our expected ramp up in development
production."
The information in this release has been prepared under the
supervision of R. Phelps C.Eng MIMMM, (President & CEO,
Galantas Gold Corporation), the Qualified Person (QP) under NI
43-101 and who is also a "Qualified Person" as defined in the Note
for Mining Oil & Gas Companies, June 2009, of the London Stock
Exchange. Mr. Phelps has reviewed the technical detail contained in
this release.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Enquiries : Galantas Gold Corporation
L. Jack Gunter P.Eng - Chairman, Roland Phelps C.Eng - President
& CEO
Email: info@galantas.com Telephone: (UK) +44 (0) 2882 241100
Website: www.galantas.com
Grant Thornton UK LLP (AIM Nominated Advisor)
Philip Secrett, Richard Tonthat: Telephone: +44(0)20 7383
5100
Whitman Howard Ltd (Broker & Corporate Adviser)
Nick Lovering, Grant Barker: Telephone: +44(0)20 7659 1234
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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