Galantas Gold (LSE:GAL) has significantly increased the size of its drilling programme at the Indiana gold-copper project in Chile following encouraging visual indications of additional mineralisation. The campaign has been expanded from an initial 5,000 metres to 12,500 metres and will be funded from the company’s existing cash resources.
The enlarged programme will investigate potential extensions to the known Bondadosa and Flor de Espino vein systems, while also testing newly identified structures and areas showing indications of disseminated mineralisation. Drilling will additionally provide geological and structural information that could contribute to future underground mine planning at Indiana.
To date, Galantas has completed 13 drill holes covering a combined 5,060 metres. Drilling has intersected several of the principal veins close to their targeted depths and identified 12 previously unrecognised mineralised structures. Laboratory assay results are still awaited, however, following processing delays caused by laboratory backlogs and weather-related power disruptions.
Initial observations from drill core have identified disseminated sulphides as well as molybdenite and hypogene chalcocite-bornite mineralisation. These findings have raised the possibility that Indiana could host a broader iron oxide copper-gold or porphyry-style mineralised system in addition to its established vein-hosted targets.
Exploration work has also generated additional surface targets, including the Zeus structural system and La Maravilla. If subsequent drilling and assay results confirm their mineralisation potential, these areas could substantially increase the exploration footprint of the Indiana project and provide Galantas with further targets for future campaigns.
More about Galantas Gold
Galantas Gold Corporation is a precious metals exploration and development company focused on gold and copper opportunities. The company is advancing the Indiana gold-copper project near Copiapó in Chile, which lies within a significant iron oxide copper-gold belt and is being explored for both vein-hosted deposits and potentially larger disseminated mineralisation systems.
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