https://www.engineeringnews.co.za
Galantas Gold|Chile|Andacollo Oro|Copper|Gold Mining|Heap Leach|Mario Stifano|Coquimbo
|||||
galantas-gold|chile|andacollo-oro|copper|gold-mining|heap-leach|mario-stifano|coquimbo

Galantas updates Andacollo Oro mineral resource estimate in Chile

Andacollo Oro mine schematic

Andacollo Oro mine schematic

5th May 2026

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

TSX-V- and Aim-listed Galantas Gold Corporation finds in an updated mineral resource estimate (MRE) for the Andacollo Oro gold project, in Chile, indicated resources of 102-million tonnes grading 0.45 g/t and inferred resources of 347-million tonnes grading 0.41 g/t.

The project is believed to contain 1.47-million and 4.45-million ounces, respectively, according to the indicated and inferred categorisation.

In comparison, a historical MRE for the project estimated measured and indicated mineral resources to be an aggregate of 2.02-million ounces of gold, consisting of 130-million tonnes grading 0.48 g/t gold (measured) and 358-million tonnes grading 0.45 g/t gold (inferred).

Notably, inferred mineral resources are exclusive of measured and indicated mineral resources.

Galantas on January 6 entered into a share purchase agreement to acquire a 100% ownership interest in the project, which is based in the Coquimbo region of central Chile.

The project is a past-producing, large-scale openpit heap leach gold operation with existing infrastructure, permits and extensive historical technical data.

Existing site infrastructure and local environment approvals provide a strong platform for future engineering, permitting and restart-readiness studies.

Galantas CEO Mario Stifano sys the updated MRE is an important milestone for Galantas and confirms Andacollo as a substantial brownfield gold project with scale, a long operating history and meaningful exploration and development upside.

“The large and robust resource under multiple gold price scenarios provides for a long-life asset while also demonstrating potential to significantly expand future production scenarios. There is significant exploration potential to expand the gold resource and for the discovery of significant copper resources at Andacollo, including potential extensions of adjacent porphyry copper mineralization,” Stifano concludes.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

Magazine round up | 19 June 2026
Magazine round up | 19 June 2026
19th June 2026

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 June 2026
Magazine round up | 19 June 2026
19th June 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.055 0.088s - 152pq - 2rq
Subscribe Now