Galantas Gold completes Omagh gold property's portal works construction

Andrew Schonberg Sharecast | 13 Apr, 2017 10:32 | | |

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17:18 26/04/17

Galantas Gold Corporation said construction of the portal works for development of its underground gold mine at the Omagh gold property, County Tyrone, are complete.

The portal works involved drilling and blasting of the initial opening, the installation of grouted cable bolts and meshing and bolting of the adjacent rock faces.

The company said it had also been in talks with Police Service Northern Ireland regarding further blasting arrangements for the underground mine development.

"Until those arrangements are in place, the tunnel development is temporarily on hold."

The delay was not expected to exceed one month and the company will advise if the delay is significantly prolonged," it said in a statement.

At 10:25 GMT, shares in AIM-quoted Galantas Gold were down 1.85% to 6.62p each.

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