Galantas Gold’s Northern Ireland and Scotland Projects Located in Areas Identified by British Geological Survey as Prospective for Critical Raw Materials
19 Abril 2023 - 1:40PM
Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF)
(“Galantas” or the “Company”) is pleased to announce that a new
report produced by the British Geological Survey (BGS) for the UK’s
Critical Minerals Intelligence Centre (CMIC) has revealed that the
UK has the potential to become a major player in the global
critical raw materials market. The report, titled "Potential for
Critical Raw Material Prospectivity in the UK", identifies areas
with critical raw material prospectivity.
The report is particularly significant for
Galantas, which operates projects in the UK – the Omagh/Cavanacaw
mining and exploration project in Northern Ireland, and the
Gairloch exploration project in Scotland. The report identifies
areas in mid-County Tyrone, Northern Ireland and the area around
Loch Maree near Gairloch, Scotland – where the Company’s projects
are located – as having geological prospectivity for graphite,
antimony, bismuth, molybdenum, tellurium, cobalt, manganese,
gallium, germanium and indium.
Mario Stifano, CEO of Galantas, commented:
“Critical raw materials are essential to the development of many
modern technologies, and the UK has a wealth of untapped mineral
resources that could help meet growing global demand. We are
delighted to see the BGS report highlighting the exploration
potential of our Omagh/Cavanacaw and Gairloch projects, and we
believe that these projects can play a key role in unlocking the
UK’s supply of critical raw materials, while also providing a boost
to the local economy through job creation and investment.
“We commend this national-scale assessment in
support of the UK Critical Minerals Strategy, which aims to improve
the supply chain security of critical minerals by accelerating the
UK’s domestic capabilities.”
The full report is available on the CMIC website
at ukcmic.org.
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.
About Galantas Gold
Corporation
Galantas Gold Corporation is a Canadian public
company that trades on the TSX Venture Exchange and the London
Stock Exchange AIM market, both under the symbol GAL. It also
trades on the OTCQX Exchange under the symbol GALKF. The Company's
strategy is to create shareholder value by operating and expanding
gold production and resources at the Omagh Project in Northern
Ireland, and exploring the Gairloch Project hosting the Kerry Road
gold-bearing VMS deposit in Scotland.
Enquiries
Galantas Gold CorporationMario Stifano: Chief
Executive OfficerEmail: info@galantas.comWebsite:
www.galantas.comTelephone: +44(0)28 8224 1100
Grant Thornton UK LLP (AIM Nomad)Philip Secrett,
Harrison Clarke, George Grainger, Samuel Littler Telephone:
+44(0)20 7383 5100
SP Angel Corporate Finance LLP (AIM Broker)David
Hignell, Charlie Bouverat (Corporate Finance)Grant Barker (Sales
& Broking) Telephone: +44(0)20 3470 0470
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws, including results of exploration and mine
development programs at the Omagh Project and Gairloch Project.
Forward-looking statements are based on estimates and assumptions
made by Galantas in light of its experience and perception of
historical trends, current conditions and expected future
developments, as well as other factors that Galantas believes are
appropriate in the circumstances. Many factors could cause
Galantas’ actual results, the performance or achievements to differ
materially from those expressed or implied by the forward looking
statements or strategy, including: gold price volatility;
discrepancies between actual and estimated production, actual and
estimated metallurgical recoveries and throughputs; mining
operational risk, geological uncertainties; regulatory
restrictions, including environmental regulatory restrictions and
liability; risks of sovereign involvement; speculative nature of
gold exploration; dilution; competition; loss of or availability of
key employees; additional funding requirements; uncertainties
regarding planning and other permitting issues; and defective title
to mineral claims or property. These factors and others that could
affect Galantas’ forward-looking statements are discussed in
greater detail in the section entitled “Risk Factors” in Galantas’
Management Discussion & Analysis of the financial statements of
Galantas and elsewhere in documents filed from time to time with
the Canadian provincial securities regulators and other regulatory
authorities. These factors should be considered carefully, and
persons reviewing this press release should not place undue
reliance on forward-looking statements. Galantas has no intention
and undertakes no obligation to update or revise any
forward-looking statements in this press release, except as
required by law.
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