Galantas Gold Corporation (TSXV: GAL | AIM: GAL) has commenced drilling at its Andacollo Gold project near La Serena, Chile, marking a significant operational milestone for the company. The initial program covers 15,000 metres and targets higher-grade gold zones, newly identified mineralisation areas, and possible porphyry copper extensions adjacent to Teck's Carmen de Andacollo mine. The announcement signals an active exploration phase across what the company describes as multiple high-priority targets within the existing resource pit shell.

Key Points

  • Galantas Gold Corporation (TSXV: GAL | AIM: GAL) announced commencement of drilling at its Andacollo Gold project in Chile
  • An initial 15,000-metre drill program has begun, targeting gold grade improvements, new mineralisation zones, and potential copper resources
  • The first drill rig arrived on September 9, 2026, with two additional rigs expected by end of September 2026
  • Investors will be watching for drill results that could affect the Andacollo Gold mineral resource model and any copper resource delineation

Andacollo Gold Drill Program Structure and Targeting Strategy

The 15,000-metre program is structured around four primary objectives: testing extensions of higher-grade gold zones within the existing Andacollo Gold mineral resource, evaluating newly identified near-surface higher-grade gold targets, investigating copper mineralisation including possible porphyry copper extensions from Teck's adjacent Carmen de Andacollo mine, and conducting infill drilling to strengthen confidence in the current resource model ahead of mine planning. The company states that the exploration team has already defined multiple drill targets within the current resource pit shell.

First Drill Hole to Test Tres Perlas Pit and Surface Vein Discovery

The first drill rig, which arrived on September 9, 2026, is being set up in the Tres Perlas pit area to test a potential extension of higher-grade gold mineralisation. The initial hole will also evaluate a recently discovered surface zone of sheeted quartz-sulphide veins and a possible extension of chalcocite supergene-enriched mineralisation associated with the neighbouring Carmen de Andacollo mine. Two additional drill rigs are expected to arrive within weeks, with the company targeting three rigs operating simultaneously at the property by the end of September 2026.

CEO Mario Stifano on Gold Grade and Copper Resource Objectives

CEO Mario Stifano stated that the exploration team has defined multiple targets that could potentially increase the overall gold grade of the Andacollo Gold mineral resource and add substantial tonnage of near-surface higher-grade gold mineralisation. Stifano also noted the program's objective of delineating a possible copper resource by testing for extensions of Teck's adjacent porphyry copper deposit. The scientific and technical content of the announcement was reviewed and approved by qualified person Dorian L. Nicol, P.Geo., who serves as the company's exploration consultant and Special Advisor on exploration.