Canadian company successfully completes trials at Northern Ireland gold mine

Galantas Gold Corporation has successfully completed its trial stoping program at the Cavanacaw Gold Mine at the Omagh Project in County Tyrone.

The listed Canadian company aims to operate and expand gold production and resources at the Omagh Project. It is also exploring the Gairloch Project hosting the Kerry Road gold-bearing VMS deposit in Scotland.

Previously the Cavanacaw mine has been explored using open-pit methods, but Galantas intends to progress to developing an underground mine to extract deeper ore.

Mario Stifano, CEO of Galantas, said: “The trial has brought a high level of understanding to the mine development process and helped us conclude that the Cavanacaw Mine can be mined successfully, utilizing a longhole mining method and backfill.

"The trial stoping has provided sufficient information to bring a high level of confidence for a successful stoping program in the future.”

Provisional revenues generated from concentrate sales totalled approximately $1.1m in 2023 and approximately $207,000 in Q1 2024. The net proceeds from concentrate sales are being offset against development assets, until the mine commences commercial production.

Galantas Gold Corporation has successfully completed its trial stoping program at the Cavanacaw Gold Mine at the Omagh Project in County Tyrone. Credit: Galantas Gold Corporation

Six stopes were successfully mined and backfilled using a narrow vein, modified Avoca longhole open stoping method, in two separate blocks.

A total of 3,175 tonnes of mineralised material was successfully mined from the six stopes during this phase.