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Galantas to increase gold processing at Omagh project in Ireland

Galantas Gold Corp. plans to increase gold processing at its Omagh gold processing plant in Northern Ireland to achieve production of 2,000 to 2,500 troy ounces of gold in concentrate per month in 2020/2021.

The company said March 26 that it will continue extended dayshifts until late in the second quarter when it will add a second milling shift to process increasing quantities of feed.

The company expects to further expand production to 50,000 ounces of gold per year and plans to add more milling shifts in the third quarter.

Galantas said it expects the funds raised from a £4.0 million private placement in December 2018 to be enough to bring operations to a monthly cash-positive position before the end of the year.