Galantas Gold starts 5,000 m drill program at Indiana

Executive Summary

• Galantas Gold Corp. has commenced its first diamond drilling program at the Indiana gold project in northern Chile, consisting of 17 holes totaling approximately 5,000 metres.
• The drilling aims to tighten drill spacing for mine planning, gather geotechnical data, and test for high-grade gold mineralization at structural intersections and down-dip extensions of the Bondadosa and Flor de Espino veins.
• Results from this program are critical for completing the Preliminary Economic Assessment (PEA), expected in May 2026, which supports the goal of developing the mine in the second half of 2026.

Key Details

• Drilling Program Scope: 17 drill holes for a total of approximately 5,000 metres.
• Target Depth: Mineralization tested to depths of approximately 200 to 350 metres below surface.
• Primary Objectives:
  • Complete infill drilling to support the mine plan.
  • Provide geotechnical information for mine planning and design.
  • Test down-dip extensions of the Bondadosa and Flor de Espino gold veins.
  • Target 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.
• Project Location: Indiana project, located 40 kilometres from Copiapo in the Atacama region of Chile, at an operating altitude of 1,200 metres.
• Project Status: Development-stage gold and copper property; envisioned as a selective underground mining operation.
• Mineral Resource Estimate (as of Dec 31, 2025):
  • Inferred Resource: 4.93 million tonnes at 2.24 g/t gold and 1.31% copper.
  • Contained Metal: 355,516 ounces of gold and 64,690 tonnes of copper.
• Corporate Context:
  • Company entered an option agreement to acquire 100% interest in Indiana from Minera Activa (Nov 13, 2025).
  • Company has a conditional agreement to acquire the Andacollo Oro gold project (Jan 6, 2026).
  • Preliminary Economic Assessment (PEA) expected in May 2026.
  • Mine development targeted for the second half of 2026.

Notable Quotes

• Mario Stifano, CEO: "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."