Galantas Gold Corp. , the AIM and TSX Venture Exchange quoted gold mine developer and explorer with a 100% interest in Northern Ireland’s Omagh gold mine, announces a proposed private placement of common shares . The net proceeds to be raised by the Private Placement are intended to be used to implement recently identified optimisation initiatives at the Omagh gold mine, including increased mechanisation and [...]
Galantas Gold Corp. is pleased to report progress at the Omagh gold mine. An access drive on the fourth level has intersected the Kearney vein ahead of schedule. The intersection shows strongly developed mineralization. The north and south faces of the vein were channel sampled. The average of the two channels was 8.35 g/t gold over an average true width of 2.65 metres. The vein intersection is expected to allow in-vein [...]
Galantas Gold Corp. , reports that it has awarded 2,500,000 incentive stock options on the Company’s common shares to directors and key employees, in accordance with the terms of the Company’s incentive Stock Option Plan . The exercise price for the options, which expire on June 27, 2024, is $0.09 Canadian per share and the grant of these options was approved by the Board on June 27, 2019. The options will [...]
Galantas Gold Corp. is pleased to report the results of its Annual and Special Meeting held on June 27, 2019. All resolutions were passed by shareholders. The resolutions included the election of David Cather as a Non-Executive Director of the company. David is an experienced mining engineer with over 30 years of mining experience. He has held CEO roles in Avocet Mining, the Abu Dhabi Capital Group Mining Division and was [...]
Galantas Gold Corp. is pleased to report accelerated progress in mine development at its Omagh gold mine, Northern Ireland. The main decline tunnel has reached the fourth level and an access drive to intersect the Kearney vein on this level has commenced. The vein is expected to be intersected on this level in approximately 4 weeks' time. Increased in-vein development is expected to drive further increases in feed tonnage [...]
Galantas Gold Corp. . It is with great regret and sadness that Galantas announces the death of its non-executive Chairman, Lionel John Gunter. Jack led the discovery of the Omagh gold deposits in Northern Ireland, currently in development by the Company. Although not actively engaged in management for many years, his contribution to the Company over the years, in addition to his guidance and support as a Director and [...]
Galantas Gold Corp. is pleased to announce its financial results for the Quarter ended March 31, 2019. Financial Highlights Highlights of the first quarter 2019 results, which are expressed in Canadian Dollars, are summarized below: Quarter Ended March 31 All in CDN$ 2019 2018 Revenue $ 0 $ 0 Cost and expenses of Operations $ $ Loss before the items below $ $ Amortization $ $ General administrative expenses $ $ Unrealized [...]
Galantas Gold Corp. is pleased to announce its audited annual financial results for the year ended December 31, 2018. A copy of the Annual Report and Accounts will be sent to shareholders shortly and are available on the Company's website at https://www.galantas.com/investors/financial-statements. Financial Highlights Highlights of the 2018 audited annual results, which are expressed in Canadian Dollars, are summarized [...]
Galantas Gold Corp. is pleased to report an expansion of gold milling operations underway at the Omagh, Northern Ireland processing plant. The plant, which produces a gold & silver concentrate using a non-toxic, froth-flotation process, is running on a batch basis from a stockpile of underground vein material plus additional feed produced from on-vein development operations. Milling operations are expected to continue on [...]
Galantas Gold Corp., reports that it has awarded 3,200,000 incentive stock options on the Company’s common shares to directors, officers, consultants and key employees, in accordance with the terms of the Company’s incentive Stock Option Plan. The exercise price for the options, which expire on February 13, 2024, is $0.09 Canadian per share and the grant of these options was approved by the Board on February [...]
Galantas Gold Corp. is pleased to report continued development progress at its Omagh Gold Mine, Northern Ireland, with the second level now intersecting the Kearney vein. Initial on-vein development on the 1096 level has partially delineated the crown pillar. The main decline development tunnel has progressed and has reached 52 metres past a 50 metre long access branch on the 1084 level, driven east from the main decline [...]
Galantas Gold Corp. with a 100% interest in Northern Ireland’s Omagh gold mine, announces that the second and final part of the private placement for 80,000,000 common shares for gross proceeds of CDN$6,900,000 previously outlined in the disclosure dated November 19, 2018 and updated on December 5, 2018 has closed. The second part of the Private Placement has received conditional approval of the TSX Venture Exchange [...]