Galantas Gold Announces Sampling Program for Gairloch Gold-Bearing VMS Project in Scotland, in Collaboration With University of Edinburgh

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TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to provide an update on the Gairloch Project in Scotland.

Galantas Gold, in collaboration with the University of Edinburgh, is currently undertaking a sampling program of drill core and outcrop to establish the Kerry Road deposit’s geochemical signature which will be used to locate new mineralization in the Gairloch Schist Belt. The work will include petrology, scanning electron microscope (SEM) and electron microprobe (EMP) analysis on selected rock samples. This sampling work is expected to help identify new target areas for follow-up exploration work and drilling.

Mario Stifano, CEO of Galantas, commented: “We are honored to collaborate with the University of Edinburgh and look forward to the results of this detailed work. The team at the university’s School of Geosciences brings experience in cutting-edge research and expert knowledge of VMS systems to help us better understand the Kerry Road deposit and determine the location of other mineralized bodies in the vicinity.”

Overview of VMS deposits and work with the University of Edinburgh

The green energy transition will require significant amounts of metals such as copper, zinc and cobalt to enable the growth of clean technologies, electric vehicles and renewables. The Kerry Road copper-zinc-gold deposit at the Gairloch Project is classified as a Besshi-type VMS deposit, which is associated with cobalt enrichment. Additionally, its host rocks appear to be geologically similar to those in the Trans-Hudson Orogen in Manitoba and Saskatchewan which contain the prolific Flin Flon and Snow Lake VMS mining camps. This makes the Kerry Road deposit an important potential resource for the future.

VMS deposits are rarely solitary and typically exhibit multiple mineralized bodies in each system. These systems are formed through hydrothermal activity, which alters the surrounding rock and leaves a geochemical signature (or alteration halo) which can be detected through certain types of detailed analysis and observations. Each mineral deposit will have its own unique geochemical signature based on the composition of the local rock. This project with the University of Edinburgh aims to identify the Kerry Road’s unique signature using garnet, chlorite, white mica and other silicate minerals. The results will be compared to new and existing data from other metamorphosed VMS deposits of the Yilgarn Craton, Western Australia – for example, Teutonic Bore, Wheatley, King, and Nimbus. The work is supported by grants from the Geological Society of London and Geological Society of Glasgow to the University of Edinburgh PhD student Cendi Dana.