Galantas Gold resumes blasting at Omagh mine
Galantas Gold Corporation (LON:GAL) has re-started underground blasting at the company’s gold mine at Omagh in Northern Ireland.
Development mining of the Kearney gold vein has re-started on a single shift basis, the Aim-listed company said in a statement.
“This is expected to produce a feed of higher gold grade for the processing plant than the current feed, which comes from low-grade stock,” it added.
Total concentrate production is expected to rise, driven by a higher feed grade while process plant operations will now reduce from three shifts to two.
Galantas said though it is only a limited re-start, specialist blasting materials may be subject to short-term delays due to Brexit.
Roland Phelps, chief executive, said: “The restart of blasting, although limited by our cash availability, is good progress.
“If the upcoming review is positive, the re-start is expected to enhance gold concentrate production.
“Cash constraints do restrict how quickly operations can be expanded and the company is actively working with third parties on the arrangements required both to expand blasting underground and to expand exploration, for which significant potential exists.”