Galantas Gold is expanding its gold milling capacity at the Omagh processing plant located in Northern Ireland, targeting production of 2,000 to 2,500 troy ounces of gold concentrate per month.
The plant currently uses a non-toxic, froth-flotation process to produce gold and silver concentrate. For the remainder of the quarter, milling operations at the plant are expected to continue on an extended dayshift basis.
Galantas Gold president and CEO Roland Phelps said: “We have been able to put around half of the December 2018 placing funds to work and the benefits of that are now starting to accrue.
“We continue to invest in safety and productivity improvements, with the goal of becoming Ireland’s premier, ecologically-secure, gold producer.”
A second milling shift is expected to be added in the second quarter to process increasing quantities of feed, with additional milling shifts planned to be added in the third quarter.
The company is also considering the possibility of future expansions, targeting 50,000 ounces of gold annually. Any expansion will be funded by a portion of the profits generated from production.
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Galantas Gold is continuing on-vein development on the 1084 level, and reports that 32m of the vein drive is completed.
For most of the rest of the year, the company will source increased quantities of processing feed from multiple on-vein development headings.
In November last year, the company announced the delivery of the first consignment of concentrate derived from underground feedstock from the Omagh gold mine.
Galantas Gold secured planning consent for expansion of the underground gold mine at the Omagh site from Northern Ireland’s Minister of Environment in June 2015.