Galantas Gold Corporation (TSX-V: GAL | AIM: GAL) has announced positive drilling results from its first drill hole at the Andacollo Gold project in Chile, with hole AN26001 returning a headline intersection of 71 metres at 0.76 grams per tonne gold. The result, reported on 9 November 2026, forms part of an ongoing 15,000-metre drill programme currently running with two rigs. The programme is designed to build resource confidence, support infill drilling for a mine plan under development, and test new exploration targets at the Chilean asset.

Key Points

  • Galantas Gold Corporation (TSX-V: GAL | AIM: GAL)
  • First drill hole AN26001 at Andacollo Gold, Chile, returned 71 metres at 0.76 g/t gold, including 10 metres at 3.15 g/t and 3 metres at 6.68 g/t gold
  • Ongoing 15,000-metre programme with two rigs; soluble copper and cyanide-soluble copper assays remain pending
  • Investors may be watching for further drill results as the programme advances and the mine plan develops

AN26001 Drill Results from Tres Perlas Pit Confirm Manto-Hosted Gold Mineralisation

Hole AN26001 was drilled at an azimuth of 330 degrees and a dip of minus 50 degrees in the Tres Perlas pit area, targeting the Inferred Resource portion of the Andacollo Gold Mineral Resource. Beyond the headline 71-metre interval, the hole returned three further notable gold intersections: 17 metres at 0.52 g/t gold from 145 metres, 18 metres at 0.91 g/t gold from 213 metres including 3 metres at 3.24 g/t, and 18 metres at 0.63 g/t gold from 298 metres. All reported widths are drilled widths; true widths are not yet known, the announcement states.

Higher-Grade Manto Zones Suggest Lateral Continuity and Tonnage Potential at Andacollo

The announcement highlights that the higher-grade zones intersected in AN26001 appear related to primary mineralisation within the mantos themselves, rather than post-manto cross-cutting structures observed elsewhere in the Andacollo Gold Mineral Resource. The company states this distinction suggests potential lateral continuity and therefore tonnage potential for these higher-grade zones. CEO Mario Stifano noted in the announcement that this gives the company confidence in identifying more higher-grade zones suitable for inclusion in the mine plan currently under development, though no mine plan timeline or resource update schedule was disclosed.

Low Copper Values in Gold Intervals Support Heap-Leach Processing Outlook at Andacollo

Copper values recorded within the gold-mineralised intervals of AN26001 were characterised as low in the announcement, which the company states bodes well for gold heap-leaching at the project. The hole did not target the chalcocite blanket postulated to extend from Teck's adjacent Carmen de Andacollo porphyry copper deposit. Galantas confirmed that the ongoing drill programme will also test for copper mineralisation across the broader Andacollo Gold project. Soluble copper and cyanide-soluble copper assays from AN26001 remain pending at the time of the announcement.

Andacollo Mineral Resource Underpinned by May 2026 NI 43-101 Technical Report

The Mineral Resource referenced in the announcement is the estimate set out in a Technical Report titled "Mineral Resource Estimate Update Andacollo Oro Gold Project, Coquimbo Region, Chile," dated 4 May 2026 with an effective date of 1 February 2026, prepared by DRA Americas Inc. under NI 43-101 and CIM Definition Standards. Samples from AN26001 were submitted to Bureau Veritas, a certified laboratory in Santiago, Chile, with fire assay-atomic absorption used for gold analysis. The technical disclosures were reviewed and approved by qualified person Dorian L. Nicol, the company's Senior Vice President Exploration.