Mining contractor QME successfully concludes due diligence for Galantas’ underground project

Galantas Gold Corporation says mining contractor QME Mining Services (NI) Ltd has successfully concluded its due diligence process at the company’s Omagh Gold Project in Northern Ireland, as part of its work on a sustainable mine plan.

It is envisioned that the mine plan, targeted for completion in July 2023, will allow the company to further develop and mine the ore zones down to the existing lower levels of the Omagh mine. The mine plan is aimed to optimise production from the dilation zones, which have potential for higher grades and thicker widths of mineralisation. The mine plan will outline a staged production plan, estimating the initial production levels, followed by staged expansions of production.

The company believes this will be a lower capital cost pathway of de-risking the growth in production, while it continues its focus on exploration and expanding its mineral resources at Omagh. The forthcoming mine plan will involve mining both the Joshua and Kearney veins, leveraging QME’s highly skilled workforce and state-of-the-art OEM mining equipment.

Mario Stifano, CEO of Galantas, commented: “We are thrilled that QME is progressing our mine plan. QME’s extensive mining experience across Europe, including its notable involvement in the development and bulk sampling of Dalradian’s nearby gold project located just 20 km away from Omagh, positions them as an ideal partner for this endeavour. Furthermore, QME’s commitment to the success of the Omagh Project is exemplified by its significant shareholding (3,194,444 shares) in Galantas. We look forward to providing further information on our mine strategy next month.”

QME was founded in 1985 and is an experienced mining services provider engaged in mine development and the supply of new and re-manufactured equipment for underground and open pit use. QME is currently engaged in mining contracts in Ireland and Portugal and has prior experience in mining projects in the Republic of Ireland, Northern Ireland and Scotland. Current and past clients include Tara Mines, Dalradian Gold, Lundin Mining and Barrick Gold.