A desk based study was completed later in the year in order to prioritise new targets within the mine site. Some exploratory targets were drilled to test IP anomalies and auriferous overburden results previously reported around the current stockpile area. A narrow vein was picked up in one drill hole measuring 3.9 g/t Au. Mapping of the Kerr and McCombs veins showed that they fan out towards the north, indicating that there could be a central source towards the south of the property. Five holes were drilled in the Kerr, eastern lagoon and western lagoon regions during the second half of the year with encouraging results from one hole on the western side of the Kerr pit. This hole intersected mineralisation at a vertical depth of 108 m.
Channel sampling was carried out on the northern extension to Kearney in January and September. The Kerr veins were also subject to channel sampling in 2012. Excavations during March revealed that one of the veins sampled in 2011 was widening with depth, and becoming more continuous along strike. Subsequent excavations have increased the strike of this vein to 100 m, although it appears to narrow towards the north.
Assay results released to date from both the drilling and channel sampling programmes have been encouraging with significant gold intersections identified. Particularly positive were the assays from the ten drill holes on Joshua released in January 2013 with thirteen significant mineral intersects. Drilling has continued into 2013 using the company's own core drilling rig manned by in-house drillers. A further 1600 metres are planned in the short term, extending the programme to 18,000 metres following up the recently reported gold intersects on the Joshua vein.
In March 2012 the Company appointed ACA Howe International Ltd (Howe UK) to prepare an Interim Resource for the Omagh Gold Project to Canadian National Instrument NI 43-101 standard. During the third quarter Galantas reported that it had received initial data from ACA Howe related to the preparation of an NI 43-101 compliant mineral resource estimate and a Preliminary Economic Assessment (see press release dated July 3, 2012).This report, which was based on drilling results and analyses received to June 8, 2012, identified all resources discovered at that date. The Company subsequently filed a complete Technical Report on SEDAR in August 2012. A further updated report is expected to be prepared during the first half of 2013 when the remaining results of the extended 18,000 metre drilling programme are received. This updated report will incorporate all drilling results and analyses received subsequent to June 2012.
Discussions with the regulatory authorities in Northern Ireland continued during the year. The underground mine plan and Environmental Impact Assessment were completed during the first half of 2012 and were then submitted to the Planning Services for planning consent. Discussions with the regulatory authorities continued during the second half of 2012 with regards to the underground mine plan and accompanying Environmental Statement. During the third quarter planning consent was received from the Planning Services for the construction of a lower portal structure and truncated adit for underground mining on the Kearney vein.
Roland Phelps, President & CEO, Galantas Gold Corporation, commented, "Solid results from the drilling program are supporting continued investment in the Omagh Mine. The focus of operations in 2013 is expected to be directed towards achieving all that is necessary to establish an underground operation. Working with local representatives and the Planning Service, we expect to satisfy any issues arising from the upcoming planning application."
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