Galantas Gold Corporation Galantas' Projects in areas identified by BGS
19 Abril 2023 - 1:28PM
RNS Non-Regulatory
TIDMGAL
Galantas Gold Corporation
19 April 2023
GALANTAS GOLD'S NORTHERN IRELAND AND SCOTLAND PROJECTS LOCATED
IN AREAS IDENTIFIED BY BRITISH GEOLOGICAL SURVEY AS PROSPECTIVE FOR
CRITICAL RAW MATERIALS
April 19, 2023, TORONTO, CANADA - 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.
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 Corporation
Mario Stifano: Chief Executive Officer
Email: info@galantas.com
Website: www.galantas.com
Telephone: +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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