Posted on Thursday 11 June 2015 by Ulster Business

Gold mine to create 100s of jobs

Galantas now has planning permission to develop an underground mine at its site to the west of Omagh

A Canadian mining company has said it will created “hundreds” of jobs in Omagh after being given planning permission to develop an underground mine near the town.

Galantas Gold Corporation had already been operating an open pit gold mine at the site to the west of the town and said the new underground mine, which will be developed as soon as it raises enough finance, will be the only one on the island of Ireland.

President & CEO Roland Phelps said the property has many “undrilled targets” which he hopes to find as the mining operation is expanded.

“This is a significant milestone and a game changer for Galantas,” he said in a statement to the stock market. “The robust results of the recent economic study, now with the positive planning determination, lead us to be confident about the establishment of a sound business based on the Omagh gold property.”

He said the skilled workforce in the region would be used on the project, creating "hundreds of jobs".

“(The) business will draw upon the excellent engineering infrastructure and skilled, flexible labour pool around Omagh and create hundreds of local jobs, providing a real boost to the economy of Northern Ireland.”

Planning permission for the mine was passed by Minister of Environment Mark H. Durkan, following what Galantas described as “three years of examination of environmental and other factors”.

The open cast mine at the site also produced silver and lead in addition to gold, as well as a metals concentrate sold under contract to Xstrata Corporation.

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