Galantas Gold Corporation: Clean Environmental Reports on Omagh Gold-Mine
24 Giugno 2013 - 3:00PM
Marketwired Canada
Galantas Gold Corporation (TSX VENTURE:GAL)(AIM:GAL) is pleased to receive from
its wholly owned subsidiary, Omagh Minerals Ltd, some additional environmental
studies at its Northern Ireland goldmine, located near Omagh, County Tyrone.
The first of these studies prove conclusively that the country rock found at the
mine is not acid forming and that some of the rocks are indicated to be
potentially acid neutralising. The sampling was carried out by independent,
environmental monitoring company Pentland Macdonald Ltd of Belfast. They
undertook the collection of a representative set of 100 samples, with analysis
taking place at the SGS Minerals Services Ltd laboratory in Cornwall. This
extensive study is consistent with the results of earlier studies, which also
showed no acid generation potential.
The latest study is particularly important because, at the public enquiry into
the A5 road scheme, two Omagh residents made allegations regarding the rock and
its use on the A5, which this study and earlier studies prove incorrect. The
residents alleged potential environmental impact from acidic drainage and the
allegations are specifically proven false by the study.
The study will be sent to Minister Kennedy of the Department for Regional
Development, who is responsible for the Road Service Agency, to be available as
part of the supporting environmental evidence for the A5 road scheme
re-determination.
In a second report, a detailed Northern Ireland Environment Agency (NIEA) water
study (June 2013) has declared Galantas subsidiary, Omagh Minerals Ltd, operator
of the Omagh gold-mine, fully compliant with its water outlet requirements.
The NIEA study, which is the second one of its type on the gold-mine property
with similar results, backs up routine sampling data with more detailed
continuously recorded information and also demonstrates that no acidic drainage
from the mine takes place.
Roland Phelps, (President and CEO Galantas Gold Corporation) said,
"Environmental protection is a core feature of our mining operations at Omagh.
The local Omagh team deserve congratulations for again maintaining a clean sheet
and good compliance. This has been achieved through employing safe, well
designed systems of work and ensuring those are rigorously maintained and
monitored. The Omagh team have proven that gold operations and the maintenance
of high water quality standards are both consistently achievable."
SPECIAL NOTE REGARDING 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 drilling intersections and analyses, for the Omagh Gold project.
Forward-looking statements are based on estimates and assumptions made by
Galantas in light of its experience and perception of geological interpretation,
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, including: gold price volatility; discrepancies between
actual and estimated production, actual and estimated metal grades and
geologically interpreted widths, actual and estimated metallurgical recoveries;
actual and estimated costs; mining operational risk; regulatory restrictions,
including environmental regulatory restrictions and liability; risks of
sovereign involvement; speculative nature of gold exploration; dilution;
competition; loss of key employees; additional funding requirements; planning
and other permitting issues; and defective title to mineral claims or property.
These factors and others that could affect Galantas's 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.
Galantas Gold Corporation Issued and Outstanding Shares total 256,210,395.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Galantas Gold Corporation
Jack Gunter P.Eng
Chairman
+44 (0) 2882 241100
Galantas Gold Corporation
Roland Phelps C.Eng
President & CEO
+44 (0) 2882 241100
info@galantas.com
www.galantas.com
Investor Relations:
Courtenay Heading (Maclir Consulting Ltd)
+44 (0) 7624 424 455
c.heading@galantas.com
Charles Stanley Securities (Nominated Adviser)
Mark Taylor
+44 (0)20 7149 6000
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