REG - Galantas Gold Corp - First Drill Program at Indiana Gold Commences

Galantas GoldAnnouncement

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RNS Number : 0430X  Galantas Gold Corporation  18 March 2026

 

 

GALANTAS COMMENCES ITS FIRST DRILL PROGRAM AT INDIANA GOLD, CHILE

TORONTO, March 18, 2026 -- Galantas Gold Corporation (TSX-V & AIM: GAL;
OTCQB: GALKF) ("Galantas" or the "Company") is pleased to announce the start
of a 5,000-metre diamond drilling program at its Indiana gold project, near
Copiapó in northern Chile ("Indiana").

The drill program will tighten up the drill spacing and provide geotechnical
information as the final steps for the development of the mine plan.  The
drilling will also test for high-grade gold mineralization at structural
intersections and down-dip extensions of the Bondadosa and Flor de Espino gold
veins that could potentially expand the resource base while supporting mine
planning and development.

Mario Stifano, the Company's CEO, said, "We are excited to begin our first
drilling program at Indiana. Beyond providing critical geotechnical
information for mine planning, the program will test the down-dip extension of
the gold mineralization while also targeting higher grades and thicker zones
at vein intersections. Results from this work will support completion of the
Preliminary Economic Assessment ("PEA"), expected in May 2026, and represent a
key step toward development of the project in the second half of 2026."

Drilling Program

The planned program comprises 17 drill holes for a total of approximately
5,000 metres (Figure 1).  Drill holes are designed to test mineralization to
depths of approximately 200 to 350 metres below surface, targeting extensions
of the known vein systems.

The objectives of the drill program are to:

·    Complete infill drilling in support of the mine plan.

·    Provide geotechnical information for mine planning and design.

·    Test down-dip extensions of the Bondadosa and Flor de Espino gold
veins and the potential for higher grade and wider zones of mineralization at
the intersection of the two veins.

·    Explore extensions for higher-grade zones associated with
cross-cutting structures at the Flor de Espino vein.

Figure 1: Indiana project proposed drill hole locations with veins and
cross-cutting structures

Indiana Project

Indiana is located 40 kilometres from Copiapó at an operating altitude of
1,200 metres, in one of the world's most prolific mining districts - the
copper-gold-silver belt of the coastal cordillera in Chile's Atacama Region.
The project benefits from excellent infrastructure, road access, nearby mining
services, a skilled workforce, and mining-friendly regulations.

Indiana is a development stage gold and copper property with limited
small-scale historical production, where underground exploration development
included drifting along the vein structures and selective extraction of
mineralized material encountered during development. The project is envisioned
as a selective underground mining operation targeting high-grade gold-copper
mineralization initially within the Bondadosa and Flor de Espino vein systems.
The property comprises mineral concessions covering approximately 923
hectares.

The Company has entered into an option agreement to acquire a 100% interest in
Indiana from Minera Activa (see News Release dated November 13, 2025).

Indiana has an Inferred Mineral Resource of 4.93 million tonnes at 2.24 grams
per tonne gold and 1.31% copper, representing contained metal of 355,516
ounces of gold and 64,690 tonnes of copper as disclosed in the Company's
announcement of 02 January 2026 and the Technical Report entitled "Mineral
Resource Estimate, Indiana Project, Atacama Region, Chile", prepared by DRA
Americas, Inc. for Galantas Gold Corporation, dated December 31, 2025.

Indiana represents one of the few high-grade gold-copper development projects
in northern Chile advancing toward near-term production.

Qualified Person

Scientific and technical disclosures in this news release have been reviewed
and approved by Mr. Dorian L. (Dusty) Nicol (P. Geo., Chartered Geo., FAusIMM)
the Company's exploration consultant, who is considered, by virtue of his
education, experience and professional association, a "qualified person" as
defined by National Instrument 43-101 and the AIM Rules for Companies.

About Galantas Gold Corporation

Galantas Gold Corporation is a publicly traded gold company focused on the
acquisition, development, and advancement of gold assets in stable mining
jurisdictions. The Company is currently advancing the Indiana gold project in
Chile toward production.

The Company has also entered into a conditional agreement to acquire the
Andacollo Oro gold project in Chile, subject to applicable regulatory and
shareholder approvals (see News Release dated January 6, 2026).  Andacollo
Oro is a past-producing gold mine that produced approximately 1.1 million
ounces of gold prior to being placed on care and maintenance in 2015.
Significant infrastructure and permits remain in place.

Together, the Indiana and Andacollo Oro projects have the potential to form
the foundation of a multi-asset gold platform in Chile's Atacama region.

 

Galantas' strategy is to build long-term shareholder value through disciplined
capital allocation, technically rigorous project evaluation, and responsible
development of high-quality mineral assets.

 

Neither TSXV nor its Regulation Services Provider (as that term is defined in
the policies of the TSXV) accepts responsibility for the adequacy or accuracy
of this news release. The Company is admitted to trading on AIM and
accordingly, further disclosure on the matter can be found on the Company's
profile on the London Stock Exchange website.

 

The information in relation to the Transaction is deemed to constitute inside
information as stipulated under the retained EU law version of the Market
Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

 

On behalf of the Board of Directors,

Galantas Gold

 

Mario Stifano

CEO and Director

Enquiries

Galantas Gold Corporation

Mario Stifano: Chief Executive Officer

Email: info@galantas.com

Website: www.galantas.com

Telephone: +1 416-848-7744

Grant Thornton UK LLP (AIM Nomad)

Philip Secrett, Harrison Clarke, Elliot Peters

Telephone: +44(0)20 7383 5100

SP Angel Corporate Finance LLP (AIM Broker)

David Hignell, Charlie Bouverat (Corporate Finance)

Grant Barker (Sales & Broking)

Telephone: +44(0)20 3470 0470

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws, including development plans for the
Indiana project and the preparation of a PEA. Forward-looking statements are
based on estimates and assumptions made by Galantas in light of its experience
and perception of historical trends, current conditions and expected future
developments, as well as other factors that Galantas believes are appropriate
in the circumstances. Many factors could cause Galantas' actual results, the
performance or achievements to differ materially from those expressed or
implied by the forward looking statements or strategy, including: gold price
volatility; discrepancies between actual and estimated production, actual and
estimated metallurgical recoveries and throughputs; mining operational risk,
geological uncertainties; regulatory restrictions, including environmental
regulatory restrictions and liability; risks of sovereign involvement;
speculative nature of gold exploration; dilution; competition; loss of or
availability of key employees; additional funding requirements; uncertainties
regarding planning and other permitting issues; and defective title to mineral
claims or property. These factors and others that could affect Galantas'
forward-looking statements are discussed in greater detail in the section
entitled "Risk Factors" in Galantas' Management Discussion & Analysis of
the financial statements of Galantas and elsewhere in documents filed from
time to time with the Canadian provincial securities regulators and other
regulatory authorities. These factors should be considered carefully, and
persons reviewing this news release should not place undue reliance on
forward-looking statements. Galantas has no intention and undertakes no
obligation to update or revise any forward-looking statements in this news
release, except as required by law.

 

 

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