Galantas Gold Begins Drilling At Andacollo
Galantas Gold Corporation has commenced a 15,000-metre drilling program at its Andacollo Gold project in Chile, aiming to test extensions of higher-grade gold zones, identify new mineralization, and explore for copper, including potential porphyry copper mineralization associated with Teck's adjacent mine. The program also includes infill drilling to enhance the resource model and support mine planning. The first drill rig is operational, with two more expected shortly, bringing the total to three by the end of September. This initiative is designed to potentially increase the overall gold grade and add substantial tonnage to the Andacollo Gold mineral resource, while also assessing for a possible copper resource.
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| Toronto, Ontario - September 10, 2026 - Galantas Gold Corporation (TSX-V: GAL | AIM: GAL) ("Galantas" or the "Company") announces that the Company has begun drilling at its Andacollo Gold project near La Serena, Chile. This initial drill program of 15,000 metres is designed to test possible extensions of higher grade gold zones within the Andacollo Gold mineral resource, newly identified areas of higher grade gold mineralization, and copper mineralization (including possible porphyry copper mineralization associated with Teck's adjacent Carmen de Andacollo mine). An additional component of the program is infill drilling to increase confidence in the current resource model and support mine planning. |
The first drill rig arrived yesterday and is setting up to begin drilling a possible extension of higher grade gold mineralization in the Tres Perlas pit area. This first drill hole will also test a recently discovered zone at surface of sheeted quartz-sulphide veins as well as a possible extension of chalcocite (supergene-enriched) mineralization from the adjacent Carmen de Andacollo mine. Two more drill rigs are expected to arrive within weeks, and the Company expects to have three drill rigs turning at the property by the end of September.
Mario Stifano, the Company's CEO, commented: "We are very excited to begin drilling at Andacollo Gold. The exploration team has defined multiple targets for higher grade gold mineralization within the current resource pit shell that could potentially increase the overall gold grade of the Andacollo Gold mineral resource. The team has also identified new targets that could potentially add substantial tonnage of near-surface, higher grade gold mineralization. The program will also test for possible extensions of Teck's adjacent Carmen de Andacollo porphyry copper deposit on our property with the objective of delineating a possible copper resource at Andacollo Gold."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.