08:38 AM EDT, 05/28/2024 (MT Newswires) -- Galantas Gold ( GALKF ) said Tuesday that it plans to drill test the Kearney North target at the Omagh project in Northern Ireland. Its shares were up more than 18% in UK trade shortly after 10am, according to a chart on Yahoo Finance.

The company said it aims to uncover the potential to extend the resource northwards and build on its existing high-grade gold resources. Galantas had previously drilled 32 grams per tonne (g/t) gold over 4.4 meters and 32 g/t gold over 7 meters within dilation zones on the Kearney vein.

"We're keen to return to surface drilling this year to test for a northern extension of the main Kearney vein, and to explore for further dilation zones," CEO Mario Stifano said.

The program comprises three drill holes spanning about 1,000 meters.

Galantas' share price jumped 18.2% to 13 pounds at last look in UK trading.