Galantas Gold Corp. is pleased to announce that mining contractor QME Mining Services Ltd. Ireland has successfully concluded its due diligence process at the Company's Omagh Gold Project in Northern Ireland, as part of its work on a sustainable mine plan. It is envisioned that the mine plan, targeted for completion in July 2023, will allow the Company to further develop and mine the ore zones down to the existing lower [...]
Galantas Gold Corp. is pleased to announce its unaudited financial results for the Quarter ended March 31, 2023. Financial Highlights Highlights of the first quarter 2023 results, which are expressed in Canadian Dollars, are summarized below: All figures denominated in Canadian Dollars Quarter Ended March 31 2023 2022 Revenue $ 0 $ 0 Cost and expenses of operations $ $ Loss before the undernoted $ $ Depreciation [...]
Galantas Gold Corp. is pleased to announce its audited annual financial results for the year ended December 31, 2022. A copy of the Financial Statements and Management Discussion and Analysis will be sent to shareholders in due course and are available on the Company's website at www.galantas.com/investors. The Annual and Special Meeting of the Company is to be held at 11:00 a.m. on 27th June 2023 at The Canadian Venture [...]
Galantas Gold Corp. announces that, further to its news releases dated March 20 and March 28, 2023, the Company has completed a shares-for-debt transaction with several arm's length creditors of the Company , pursuant to which the Company has settled approximately C$749,020 of indebtedness through the issuance of an aggregate of 2,080,609 units of the Company at a deemed price of C$0.36 per Unit. Each Unit was comprised [...]
Galantas Gold Corp. is pleased to announce that a new report produced by the British Geological Survey for the UK's Critical Minerals Intelligence Centre has revealed that the UK has the potential to become a major player in the global critical raw materials market. The report, titled "Potential for Critical Raw Material Prospectivity in the UK", identifies areas with critical raw material prospectivity. The report is [...]
Galantas Gold Corp. is pleased to announce that drilling at the newly acquired Gairloch Project will commence in the coming weeks. Drill mobilization has commenced for an initial 800-metre program targeting the Kerry Road deposit, including testing the depth potential of near surface mineralization. Historical Exploration Highlights*: 11.29 grams per tonne gold , 0.58% copper , 2.44 g/t silver , and 0.19% zinc over 16 [...]
Galantas Gold Corp. is pleased to announce an extension to its drilling program at the Omagh Gold Project in Northern Ireland. An initial 600 metres of diamond drilling is planned from the underground development to target the Kerr zone and deeper extensions of the Joshua Vein. The underground drive between the Kearney and Joshua veins provides an opportunity to drill the under-explored area between these two main veins [...]
Galantas Gold Corp. is pleased to announce that it has closed its previously announced non-brokered private placement , pursuant to which the Company sold an aggregate of 8,230,951 units of the Company at a price of C$0.36 per Unit for aggregate gross proceeds of C$2,963,142.36. Each Unit was comprised of one common share of the Company and one Common Share purchase warrant , with each Warrant entitling the holder thereof [...]
Galantas Gold Corp. is pleased to announce that, in order to accommodate additional interest in its previously announced non-brokered private placement , the Offering will be upsized to up to 7,638,888 units of the Company at a price of C$0.36 per Unit for aggregate gross proceeds of up to approximately C$2.75 million. Each Unit will consist of one common share of the Company and one Common Share purchase warrant , with [...]
Galantas Gold Corp. is pleased to announce a non-brokered private placement of up to 5,555,555 units at a price of C$0.36 per Unit for gross proceeds of up to C$2,000,000. Each Unit will consist of one common share of the Company and one Common Share purchase warrant , with each Warrant entitling the holder to purchase an additional Common Share at a price of C$0.55 per share for a period of 60 months from the closing [...]
Galantas Gold Corp. is providing an update on the Omagh Project in Northern Ireland. The Company is targeting an updated NI 43-101-compliant mineral resource estimate by the end of Q2 2023 to incorporate an additional 7,800 metres of drilling with many of the drill holes indicating higher gold grades and thicker widths in dilation zones. Internal modelling indicates that the grades and widths of mineralization increase [...]
Galantas Gold Corp. announces that it has entered into a loan agreement for £347,000 with London-based family office Melquart Ltd. . The Loan is to be used for the initial lease payment for the Gairloch Project in Scotland . The Loan is payable 24 months from the date of the Loan Agreement and will bear interest at an annual rate of 12% payable upon repayment of the Loan. As consideration for providing the Loan, Melquart [...]
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